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226 S Main St 7 Unit Apartment Building $725,000 ($103,571/Unit) 8.56% Cap Rate Woonsocket, RI 02895
INVESTMENT HIGHLIGHTS
- cash flowing
- value add
EXECUTIVE SUMMARY
Acquire a turnkey 7-unit multifamily property with strong current income and future upside. Positioned near shopping, dining, employers, and major routes, the location supports reliable rental demand. A great fit for investors looking for a stabilized multifamily asset with potential to drive additional value through continued improvements and rent growth.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $103,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.56% | Building Size | 3,968 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Zoning | MU1 | ||
| Price | $725,000 |
| Price Per Unit | $103,571 |
| Sale Type | Investment |
| Cap Rate | 8.56% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,968 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | MU1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | WOON-000010M-000033-000029 | Improvements Assessment | $407,300 (2025) |
| Land Assessment | $87,900 (2025) | Total Assessment | $495,200 (2025) |
PROPERTY TAXES
Parcel Number
WOON-000010M-000033-000029
Land Assessment
$87,900 (2025)
Improvements Assessment
$407,300 (2025)
Total Assessment
$495,200 (2025)
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226 S Main St
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