Log In/Sign Up
Your email has been sent.
238 Newland Ave 6 Unit Apartment Building $1,060,000 ($176,667/Unit) 7.49% Cap Rate Woonsocket, RI 02895
Executive Summary
6 Unit Apartment Building
7.5% CAP Rate on existing rent
Room to increase rents to market rates
Renovated 2025
7.5% CAP Rate on existing rent
Room to increase rents to market rates
Renovated 2025
Property Facts
| Price | $1,060,000 | Building Class | B |
| Price Per Unit | $176,667 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,794 SF |
| Cap Rate | 7.49% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $1,060,000 |
| Price Per Unit | $176,667 |
| Sale Type | Investment |
| Cap Rate | 7.49% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 4,794 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WOON-000040B-000058-000005 | Improvements Assessment | $483,400 |
| Land Assessment | $96,100 | Total Assessment | $579,500 |
Property Taxes
Parcel Number
WOON-000040B-000058-000005
Land Assessment
$96,100
Improvements Assessment
$483,400
Total Assessment
$579,500
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
238 Newland Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.