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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON JUL 07 2025 AT 6:35 PM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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242 4th Ave

woonsocket, RI 02895

$699,900

  • contract signed

INTERESTED? LET'S CONNECT

Turnkey 5-unit investment gem! This fully occupied property features spacious units—four 2-bed/1-bath units and a massive 4-bed/2-bath unit—each with tenant-paid gas and electric. The 4th floor offers 4 additional rooms and common space, ideal for value-add income potential. Enjoy off-street parking for every unit, street parking, and a coin-op washer/dryer for added revenue. Recently painted exterior and refreshed common areas. Current rents are below market, offering solid upside. All tenants are month-to-month, except one. Don’t miss this rare opportunity to boost your portfolio with cash flow and growth potential!

Details

5,663 Sq Ft Exterior Space

Commercial

$11,415 Annual Tax

Built in 1930

MLS/Listing ID 73380938

Amenities & Features

Shingle

Listing Courtesy of ENGEL & VOLKERS EAST GREENWICH, DISPIRITO TEAM - 401-244-8355

MLSPIN

Source of Data: MLS PROPERTY INFORMATION NETWORK

Interested in 242 4th Ave?