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Nova Commons 72 Kendrick Ave 21 Unit Apartment Building $6,000,000 ($285,714/Unit) Woonsocket, RI 02895
Investment Highlights
- Located within an established residential neighborhood
- Accessible to major regional transportation corridors
- Convenient access to local shopping, dining, and community amenities
Executive Summary
72 Kendrick Ave, Woonsocket, RI 02895 has been offered for sale at $5,200,000 as an investment multifamily opportunity. The property presents investors with the opportunity to acquire a stabilized residential asset in the Woonsocket market, benefiting from in-place rental income and long-term appreciation potential. The offering is well-positioned to attract both private and institutional buyers seeking cash flow, portfolio expansion, and exposure to the growing Rhode Island multifamily sector.
Property Facts
| Price | $6,000,000 | Building Class | B |
| Price Per Unit | $285,714 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 19,908 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1895/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 - Residential District - Intended to accommodate higher-density residential development, including multifamily housing and apartment buildings. | ||
| Price | $6,000,000 |
| Price Per Unit | $285,714 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 19,908 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1895/2025 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | R4 - Residential District - Intended to accommodate higher-density residential development, including multifamily housing and apartment buildings. |
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Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WOON-000037C-000043-000009 | Improvements Assessment | $368,700 |
| Land Assessment | $108,200 | Total Assessment | $476,900 |
Property Taxes
Parcel Number
WOON-000037C-000043-000009
Land Assessment
$108,200
Improvements Assessment
$368,700
Total Assessment
$476,900
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Nova Commons | 72 Kendrick Ave
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