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198 Fourth Ave

Woonsocket, RI 02895

10 beds
4 baths
4,149 sqft
5,663 sqft lot
$132 per sqft
1920 build
– on site

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Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience.Featuring a sought-after configuration of two 3-BR units, and two 2-BR units, alongside an impressive nearly 7% cap rate. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment.Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term.Check out the 360 tour and be sure to attend on of the three open houses this weekend!

Listing courtesy of MLSPIN / Stacy Corrigan / Peace of Mind Property Management & Real Estate, Inc.

Last checked: Checking… • Last updated Nov 20, 2024 •

MLS# 73238565 —

The Building

Year Built:

1920
Year Built Details:

Actual
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Rubber
Basement:

Full
Foundation Details:

Stone
Exterior Features:

Balcony/Deck
Window Features:

Insulated Windows
Patio And Porch Features:

Porch
Stories Total:

9
# of Units Total:

4
Building Area Total:

4149
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

19
Interior Features:

Ceiling Fan(s)
Flooring:

Tile
Fireplace:

false
Laundry Features:

Gas Dryer Hookup

Room Dimensions

Living Area:

4149

Location

Directions:

GPS
Latitude:

42.000918
Longitude:

-71.52865

The Property

Parcel Number:

325775
Property Type:

Residential Income
Property Subtype:

4 Family - 4 Units Up/Down
Lot Features:

Gentle Sloping
Lot Size Units:

Acres
Lot Size Area:

0.13
Lot Size SqFt:

5663
Lot Size Acres:

0.13
Zoning:

R4
Water View:

No
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public
Road Responsibility:

Public Maintained Road

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

6
Tax Block:

F
Tax Map Number:

145
Tax Book Number:

2198
Tax Annual Amount:

8760
Tax Assessed Value:

337700

Beds

Bedrooms Total:

10

Baths

Total Baths:

4
Total Baths:

4
Full Baths:

4

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

Baseboard
Heating:

true
Cooling:

Window Unit(s)
Cooling:

true

Utilities

Utilities:

for Gas Range
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

5
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/27/24 Jun 27, 2024	Sold	MLSPIN	$550,000	4.8%
5/28/24 May 28, 2024	Pending	MLSPIN	$525,000
5/15/24 May 15, 2024	Listed / Active	MLSPIN	$525,000

Multifamily Sold on 6/27/2024

$550,000

Listing provided by broker:

Stacy Corrigan

Peace of Mind Property Management & Real Estate, Inc.

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Listing Courtesy of: MLSPIN and Peace of Mind Property Management & Real Estate, Inc..

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

198 Fourth Ave

Woonsocket, RI 02895