Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

51 Wood Ave

Woonsocket, RI ID #73508838

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51 Wood Ave

- Woonsocket, RI ID #73508838

Property Description

Exceptional opportunity to acquire a professionally managed 8-unit multifamily compound featuring two buildings on one lot: a 7-unit apartment building plus a detached single-family residence. Located in a strong Northern Rhode Island rental market, this asset offers immediate in-place cash flow with clear upside through lease-up and rent optimization. Stabilized gross annual income is projected at approximately $133,080. The main building includes six 2-bed/1-bath units and one 1-bed/1-bath unit, each offering efficient, rental-friendly layouts. The detached single-family home features 3 bedrooms and 1 bath, adding valuable income diversification. Significant capital improvements include updated roofs, improved parking and driveways, and numerous mechanical upgrades, making this a compelling value-add investment with strong long-term appreciation potential.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 02895
  • Taxes: 17,333
  • Levels: 5
  • Acres: 0.20

Parking

  • Garage Capacity: 13
  • Parking: Paved, Off Street, Tandem, Common
  • Parking Spaces: 13

Rooms/Dimensions

  • Total Units: 8
  • Total Floors: 5
  • Total Rooms: 33
  • Has Basement: Yes

Location

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51 Wood Ave, Woonsocket, RI

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Donald Martone of BOND BROKERAGE. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.