576 Providence ST Active Save Request In-Person Tour Request Virtual Tour
Woonsocket,RI 02895
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,791 sqft
Price per Sqft $94
Subdivision Globe District
MLS Listing ID 1390380
Bedrooms 6
Full Baths 4
Year Built 1925
Annual Tax Amount $5,330
Tax Year 2024
Lot Size 5,227 Sqft
Property Sub-Type Multi Family
Property Description
Prime Investment Opportunity in Woonsocket's Globe District!
Discover this exceptional 3-unit investment property at 576 Providence Street, perfectly positioned in the sought-after Globe district on the North Smithfield line. This meticulously maintained triple-decker offers reliable income generation with minimal maintenance requirements.
Property Features: Six bedrooms across three units: first floor features 2 bedrooms/2 bathrooms, while upper floors each offer 2 bedrooms/1 bathroom. Recent updates include newer roof, renovated kitchens and bathrooms throughout, updated heating system, and fresh paint.
Investment Benefits: Strong rental income from established long-term tenants provides immediate cash flow. Exceptionally low maintenance costs maximize returns. Landlord covers water, sewer, and heating utilities, enhancing tenant appeal and retention.
Amenities: In-building laundry, rear parking, and prime Globe district location with easy access to local amenities.
The Bottom Line: This turnkey opportunity combines stable tenancies with Woonsocket's growing rental market. Recent capital improvements and landlord-paid utilities create competitive advantages for consistent long-term returns.
Don't miss this premium multi-family investment in one of Woonsocket's most desirable neighborhoods.
Location
State RI
County Providence
Community Globe District
Zoning R3
Interior
Heating Baseboard,Central,Common,Gas,Hot Water,Zoned
Cooling None
Flooring Ceramic Tile,Hardwood,Other,Parquet
Inclusions Excludes tenants owned window AC units
Laundry Common Area
Exterior
Exterior Feature Deck,Porch,Paved Driveway
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
Utilities Available Sewer Connected
Building
Lot Description Paved
Foundation Combination,Concrete Perimeter,Stone
Sewer Connected,Public Sewer
Water Connected,Public,Water Tap Fee
Structure Type Drywall,Plaster,Vinyl Siding
New Construction No
Others
Virtual Tour https://tour.RiLiving.com/576-Providence-Street-Woonsocket-RI-02895