$581,000
SOLD AUG 16, 2024
9 Beds
4 Baths
2,960 Sq Ft
7,436 Sq Ft Lot

Recently Sold

$196 Per Sq Ft

9% Above List Price

Highlights

  • Medical Services
  • Property is near public transit
  • Park
  • Deck
  • Enclosed patio or porch
  • Shops

About This Home

As of August 2024

An outstanding investment opportunity awaits at 715-717 Park Ave, Woonsocket, RI—a well-maintained 4-unit property featuring (2) two-bedroom apartments, (1) large three-bedroom apartment, and (1) one-bedroom apartment, totaling 2,960 square feet. Situated on a 0.17-acre lot with ample off-street parking. The apartments have baseboard heating, and the basement boasts approximately 22 foot high ceilings, storage units, and coin-operated laundry. Many updates completed in 2013/14, including PVC plumbing, electrical, fire system, windows, heating system, vinyl siding, and roof. Parking redone 3-4 years ago. The property has a reliable Well McLain heating system. Utilities are separate except for heat. The property is well insulated with cellulose and fiberglass insulation throughout. Can be purchased individually or together with 126 Earle St - 5 family (MLS# 1361155), 451-453 Fairmount St - 6 family (MLS #1361145) and/or 155 4th Ave - 2 family (Coming Soon).

Last Agent to Sell the Property

Zach Midwood

Divine Real Estate, Inc. Listed on: 06/10/2024

Last Buyer's Agent

Marcus Duviella

Divine Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,577

Year Built

  • Built in 1925

Lot Details

  • 7,436 Sq Ft Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 2,960 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Enclosed patio or porch

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $6,350
  • Assessor Parcel Number M:16E L:180 U:12

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Building Details

  • Net Operating Income $76,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,577

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1925
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 2960
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN5817
  • LIST PRICE PER Sq Ft: 180.71
  • PRICE PER Sq Ft: 196.28
  • MAIN SO: AN5817

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed, Deck
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 1
  • Hot Water: Electric, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:16E L:180 U:12
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7436
  • Lot Size Units: Acres
  • PAGE: 272
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4577
  • Tax Book Number: 2063

Multi Family

  • Gross Income: 76200
  • Net Operating Income: 76200
  • Number Of Units Total: 4
  • Total Actual Rent: 6350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 2
  • FLRS 2: 2

Similar Homes in Woonsocket, RI

  • 614 S Main St, Woonsocket, RI 02895

    $499,900

    • 7 Beds
    • 3 Baths
    • 3,270 Sq Ft
    • 614 S Main St
    • Woonsocket, RI

    Welcome to 614 South Main Street This spacious multi-family property offers three well-maintained units perfect for owner-occupants or savvy investors. The first-floor unit features 3 generous bedrooms and charming enclosed porch providing extra living space and comfort. The 2nd floor unit is an oversized 2 bedroom with an awesome large, enclosed porch. The third-floor unit is a cozy 2-bedroom

    Remi Lanoie PVD Properties

    Section Image
  • 658 Grove St, Woonsocket, RI 02895

    $595,000

    • 6 Beds
    • 4 Baths
    • 2,534 Sq Ft
    • 658 Grove St
    • Woonsocket, RI

    Nice 3 family home in Woonsocket. Features 2 car garage with plenty off street parking. Call today to schedule a showing!

    Braulio Diaz The Network

    Section Image
  • 177 Logee St, Woonsocket, RI 02895

    $575,000

    • 7 Beds
    • 3 Baths
    • 2,601 Sq Ft
    • 177 Logee St
    • Woonsocket, RI

    Don't miss your chance to own a turn-key investment with immediate cash flow potential! Fully rented and ready to go, this well-maintained 3-family home presents a fantastic opportunity for investors looking to add a strong performer to their portfolio. With a total of 7 bedrooms and 3 full baths spread across approximately 2,600 square feet of living space, each unit offers a comfortable layout

    Melanie Ruiz Keller Williams Leading Edge

    Section Image
  • 501 Front St, Woonsocket, RI 02895

    $518,000

    • 8 Beds
    • 3 Baths
    • 2,708 Sq Ft
    • 501 Front St
    • Woonsocket, RI

    Great opportunity for investment or owner occupied 3-family building. All units have lead certificates and building is fire-coded with hardwired smoke alarm system. First floor and second floor units have 3 bedrooms. Third floor unit has 2 bedrooms. Updated heating systems, separate utilities, plenty of off-street parking, and yard with sitting area. Oak pantry kitchens and refinished hardwood

    Marilyn Bennett Salzberg Real Estate Agency

    Section Image
  • 243 Transit St, Woonsocket, RI 02895

    $629,000

    • 8 Beds
    • 4 Baths
    • 6,740 Sq Ft
    • 243 Transit St
    • Woonsocket, RI

    Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both

    Don Martone Bond Brokerage

    Section Image
  • 32 Jackson St, Woonsocket, RI 02895

    $549,900

    • 6 Beds
    • 2 Baths
    • 2,691 Sq Ft
    • 32 Jackson St
    • Woonsocket, RI

    Prepare to be wowed by this fully renovated, turnkey 2-family gem! Both sun-filled units feature 3 generous bedrooms, gorgeous brand-new kitchens w/ granite & stainless steel appliances, sleek renovated bathrooms, fresh paint, & gleaming refinished hardwoods. The 1st floor unit includes its own laundry room, while the 2nd floor unit boasts expansion potential with a 728 sq ft unfinished attic

    Spectrum Real Estate Consultants T Keller Williams Leading Edge

    Section Image
  • 494 Grove St, Woonsocket, RI 02895

    $599,999

    • 8 Beds
    • 4 Baths
    • 4,434 Sq Ft
    • 494 Grove St
    • Woonsocket, RI

    Back on market due to garage being unsafe - seller to demo garage. Discover this large income-generating four-family home perfectly situated near all local conveniences. The property features two well-appointed one-bedroom units on the first floor, and two expansive three-bedroom units with classic double parlors on the second and third floors offering spacious living and strong rental appeal.

    Wayne Hannon LPT Realty

    Section Image
  • 289 Mowry St, Woonsocket, RI 02895

    $599,000

    • 9 Beds
    • 3 Baths
    • 3,360 Sq Ft
    • 289 Mowry St
    • Woonsocket, RI

    Fantastic opportunity for owner occupants or investors! Well-maintained multi family offering 3 identical units, each featuring hardwood floors, a bright living room, a large eat-in kitchen with a convenient side entrance, 3 bedrooms and one updated bathroom. Additional amenities include front and side porches, a private backyard area, separate utilities, on-site laundry hook-ups, off-street

    Deitra Roman Williams & Stuart Real Estate

    Section Image
  • 350 Grove St Unit 352R, Woonsocket, RI 02895

    $469,900

    • 6 Beds
    • 2 Baths
    • 3,506 Sq Ft
    • 350 Grove St
    • Unit 352R
    • Woonsocket, RI

    Charming 2-Family Home with Rental Income Opportunity in Woonsocket, RIWelcome to this well-maintained 2-family home in the heart of Woonsocket, Rhode Island. Whether you're looking for a solid investment property or a place to call home while earning rental income, this property has it all!Each unit features 3 spacious bedrooms and 1 full bathroom, providing plenty of room for

    Scott Bascom eXp Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $581,000 +8.6% $196 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $534,900 +1204.6% $181 / Sq Ft
01/09/2015 01/09/15 Sold $41,000 -45.3% $14 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
02/20/2014 02/20/14 For Sale $74,900 -- $25 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73250191

MLS Property Information Network (MLS PIN)