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79 Hamlet Ave 5 Unit Apartment Building $575,000 ($115,000/Unit) 8.78% Cap Rate Woonsocket, RI 02895
Executive Summary
NEW PRICE! LEAD CERTIFICATES FOR ALL 5 UNITS & EXTERIOR! Fantastic investment opportunity in Woonsocket! This well-maintained five-unit residential building features four updated 1-bed/1-bath units and one spacious 3-bed/1-bath unit, all renovated in 2019 and offering strong rental appeal. Tenants are month-to-month, providing excellent flexibility for future rent increases or repositioning. The property generates solid in-place income with additional upside potential, making it ideal for both new and seasoned investors. Efficient operating costs, security deposits in place for all units, and a history of stable occupancy make this asset easy to manage. Located in a convenient and high-demand area of Woonsocket close to shops, restaurants, and major routes. A turnkey multifamily with immediate cash flow and room to grow—don’t miss this opportunity to add a strong performer to your portfolio
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$74,100
|
$14.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,100
|
$14.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,325
|
$4.25
|
| Net Operating Income |
$52,775
|
$10.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $74,100 |
| Annual Per SF | $14.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $74,100 |
| Annual Per SF | $14.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,325 |
| Annual Per SF | $4.25 |
| Net Operating Income | |
|---|---|
| Annual | $52,775 |
| Annual Per SF | $10.51 |
Property Facts Under Contract
| Price | $575,000 | Building Class | C |
| Price Per Unit | $115,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,023 SF |
| Cap Rate | 8.78% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R4 | ||
| Price | $575,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 8.78% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,023 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2019 |
| Parking Ratio | 1.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 3+1 | 1 | - | 1,200 |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WOON-000027C-000087-000027 | Improvements Assessment | $318,600 |
| Land Assessment | $86,800 | Total Assessment | $405,400 |
Property Taxes
Parcel Number
WOON-000027C-000087-000027
Land Assessment
$86,800
Improvements Assessment
$318,600
Total Assessment
$405,400
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79 Hamlet Ave
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