592 Front Street Woonsocket, RI 02895

Multi-Family (2-4 Units) MLS #: 1374630 Courtesy Of Real Broker, LLC

$535,000

6 beds | 3 baths | 4,158 sq ft
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Est. Property Tax: $3,790
Estimated monthly payments: $2,654/mo.* (recalculate)

Property InformationDescription

Discover this prime investment opportunity on Front Street in Woonsocket a three-family property with solid paying tenants, room for growth, and exceptional amenities. While current rents are modest, there s significant potential to raise them, especially since heat is included but separately zoned, allowing for the opportunity to add value to this investment.

The property features eight garages, providing additional rental income potential, a massive parking lot accommodating 11 cars, and two coin-operated laundry sets in the basement for added convenience and revenue. Each unit offers functional layouts and stable tenants, making this an ideal asset for investors or first-time homebuyers.

Situated in a convenient location, tenants enjoy proximity to shopping, dining, Park and Market Squares. The commuter bus route to Providence is nearby, and there are numerous fun activities on nearby main st including the new and improved bike path on Truman Drive and the scenic setting near the falls and River at River Island Park.

This property offers multiple income streams and long-term growth opportunities. Investors can capitalize on stable occupancy and increase returns with minor upgrades. First-time buyers can live in one unit while offsetting costs with rental income.

Don t miss this chance to own a high-potential, versatile property in Woonsocket. Schedule your showing today!

Features

  • Age: Over 50 Years Old
  • Amenities: Dock, Attic
  • Appliances: Dryer, Range, Refrigerator
  • Architecture Style: Other
  • Exterior Type: Aluminum Siding
  • Floor Covering: Carpet, Hardwood, Laminate, Vinyl
  • Heating System: Baseboard
  • Lot Size: 0.22 Acres

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592 Front Street, Woonsocket, RI 02895
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School Information

592 Front Street, Woonsocket, RI 02895

Other Nearby Schools Distance Type Grades School Rating
Action Based Enterprises School 0.5 mi Private 1-8
Hillside Alternative Program 0.5 mi Private 1-12
Kevin K. Coleman School 0.6 mi Public KG-5 D+
Globe Park School 0.7 mi Public PK-5 D-
Bernon Heights School 0.7 mi Public KG-5 C
Beacon Charter School 0.7 mi Public 9-12 C
Founders Academy 0.7 mi Public 6-8 C-
Mount St Charles Academy 0.8 mi Private 6-12
Harris School 0.8 mi Public KG-5 D
Woonsocket Middle @ Villa Nova 1.0 mi Public 6-8 D
Woonsocket Middle At Hamlet 1.0 mi Public 6-8 D
Rise Preparatory Mayoral Academy Ele 1.1 mi Public KG-4 C+
Rise Preparatory Mayoral Academy Middle School 1.1 mi Public 5
Pothier-citizens Elementary Campus 1.6 mi Public D+
Woonsocket Career An Tech Center 1.6 mi Public 9-12
Woonsocket High School 1.7 mi Public 9-12 D-
Good Shepherd Catholic School 1.9 mi Private PK-8
Grade Woonsocket Catholic Regional 1.9 mi Private PK-8
Frederick W. Hartnett Middle School 2.0 mi Public 6-8 D+
Leo A. Savoie School 2.1 mi Public KG-5 C+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Woonsocket, RI 02895

Median Age: 38
Married: 33%
Number of Households: 18,184
Households with Children: 30.3%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2024 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.