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And 18 Laundry St 471 Pond St 16 Unit Apartment Building $2,400,000 ($150,000/Unit) Woonsocket, RI 02895
Investment Highlights
- Rare three-property package offering an outstanding addition to any real estate portfolio
- Features off-street parking
- Easy highway access for commuting
- Total of 16 income-producing units
- Strong rental potential
- Conveniently located near the Massachusetts border
Executive Summary
Exceptional investment opportunity in Woonsocket! This rare three-property package offers an outstanding addition to any real estate portfolio. 471-485 Pond Street consists of two well-maintained 6-unit buildings, while 18 Laundry Street features an additional 4-unit building, totaling 16 income-producing units. With off-street parking and strong rental potential, this package presents an incredible opportunity for investors looking to expand their holdings. Ideally located along Pond Street with convenient access to local restaurants, grocery stores, shopping, and neighborhood services. Minutes to Downtown Woonsocket, River Island Art Park, and World War II Veterans Memorial State Park. Easy access to Route 146, Diamond Hill Road, and Mendon Road for commuting to Providence, Worcester, and beyond. Close to Landmark Medical Center, schools, healthcare, parks, and everyday amenities. Conveniently located near the Massachusetts border, making this a highly desirable investment in a prime rental market.
Property Facts
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $150,000 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 17,413 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 - High Density Residential | ||
| Price | $2,400,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 17,413 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R4 - High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Family Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gas Range
- Smoke Free
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | WOON-000020B-000051-000010 | Improvements Assessment | $914,600 |
| Land Assessment | $102,400 | Total Assessment | $1,017,000 |
Property Taxes
Parcel Number
WOON-000020B-000051-000010
Land Assessment
$102,400
Improvements Assessment
$914,600
Total Assessment
$1,017,000
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And 18 Laundry St | 471 Pond St