# 145 Burnside Avenue, Woonsocket, RI 02895

> **TL;DR:** commercial, $725,000, built 1914. Est. $3,877/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $725,000 |
| Year Built | 1914 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Stories | 3 |
| Property Type | Commercial (Apartment) |
| Status | For Sale |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,666 |
| Estimated Insurance | $211 |
| **Total** | **$3,877** |

## Property Highlights

- Built in 1914
- 0.12 acre lot
- 3 stories
- 6 parking spaces

## Description

### Agent Description
5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.

## Location

- **Address:** 145 Burnside Avenue, Woonsocket, RI 02895
- **County:** Providence
- **Coordinates:** 42.009448, -71.49877
- **Google Maps:** https://www.google.com/maps?q=42.009448,-71.49877

## Virtual Tour & Media

- **Video Tour:** https://tour.RiLiving.com/145-Burnside-Avenue-Woonsocket-RI-02895--1417296

## Listing Agent

- **Name:** Kimberly Rodrigues
- **Brokerage:** Exp Realty
- **Phone:** (866) 828-3951

## Primary Photo

![145 Burnside Avenue - Primary Photo](http://lh.rdcpix.com/92616b10ec601943dbad114bcca79b50l-f694020914r.jpg)

*50 total photos available on [listing page](https://www.propertysimple.ai/listing/145-burnside-avenue-woonsocket-ri-02895-1417296)*

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**MLS#:** 1417296 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/145-burnside-avenue-woonsocket-ri-02895-1417296)

---

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  "description": "5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, re",
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