Seller's Agent in 2025
John Slyman
John Slyman
(508) 330-0325
1 in this area
22 Total Sales
786 Social St Woonsocket, RI 02895
Social District Neighborhood
19
Beds
8
Baths
7,368
Sq Ft
7,840
Sq Ft Lot
Highlights
- Property is near public transit
- Balcony
- Coin Laundry
- Upgraded Countertops
- Shops
About This Home
As of April 2025786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants) and trash removal covered by the city, this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to further increase revenue. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. Financials available.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,557
Year Built
- Built in 1910
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 7,368 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- Upgraded Countertops
Bedrooms and Bathrooms
- 19 Bedrooms
- 8 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 7 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Balcony
- 7,840 Sq Ft Lot
- Separate Meters
Listing and Financial Details
- Total Actual Rent $11,925
- Rent includes unit 1(water), unit 2(water)
Community Details
Overview
- 6 Units
Amenities
- Shops
- Coin Laundry
Building Details
- Electric Expense $818
- Insurance Expense $5,931
- Water Sewer Expense $3,212
- Operating Expense $27,782
- Net Operating Income $111,025
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Sold | $1,250,000 | 0.0% | $170 / Sq Ft |
| 03/03/2025 03/03/25 | Pending | -- | -- | -- |
| 02/14/2025 02/14/25 | For Sale | $1,250,000 | 0.0% | $170 / Sq Ft |
| 02/14/2025 02/14/25 | Off Market | $1,250,000 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
John Slyman
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73335306
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