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292 S Main St 7 Unit Apartment Building $775,000 ($110,714/Unit) 8.34% Cap Rate Woonsocket, RI 02895
INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Value-Add Potential
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Off-Street Parking
- Quality of Life Amenities
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 292 South Main Street in Woonsocket, RI (the “Property”). The multi-story building contains three (3) 1-Bedroom/1-Bathroom units, two (2) 2-Bedroom/1-Bathroom units, one (1) 3-Bedroom/2-Bathroom unit, and one (1) Studio unit with 5,584 square feet of gross living area and 8,986 square feet of gross area. The Property is situated upon a 0.19-acre parcel and offers ample parking with fourteen (14) spaces available. 292 South Main Street is well-positioned along South Main Street near downtown Woonsocket, offering strong visibility and convenient access to surrounding neighborhoods. The property provides quick connections to Route 122 and Route 146, ensuring efficient regional access to Providence, Worcester, and the Greater Boston area. Nearby retail, dining, and community amenities further support livability and tenant appeal.
PROPERTY FACTS
| Price | $775,000 | Apartment Style | Low-Rise |
| Price Per Unit | $110,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 8.34% | Building Size | 8,986 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1849 |
| Property Subtype | Apartment | Parking Ratio | 2.15/1,000 SF |
| Zoning | MU1 - Mixed use, commercial | ||
| Price | $775,000 |
| Price Per Unit | $110,714 |
| Sale Type | Investment |
| Cap Rate | 8.34% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,986 SF |
| No. Stories | 2 |
| Year Built | 1849 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | MU1 - Mixed use, commercial |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | WOON-000010M-000023-000038 | Improvements Assessment | $333,800 |
| Land Assessment | $93,300 | Total Assessment | $427,100 |
PROPERTY TAXES
Parcel Number
WOON-000010M-000023-000038
Land Assessment
$93,300
Improvements Assessment
$333,800
Total Assessment
$427,100
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292 S Main St
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