About This Home

This 10-bedroom, 3-bathroom residential multi family at 538 Wood Avenue in Woonsocket, RI is listed for $684,900 ($172 per sqft). Built in 1900, the home offers 3,976 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1900
  • 0.13 acre lot
  • 3 stories
  • 8 parking spaces

Property Details

3 stories
3 full
8 spaces
1900

Amenities

Hardwood
Listing Description

An outstanding opportunity to own a versatile three-family property in a highly accessible East Woonsocket location, just moments from the Massachusetts state line. Built around the turn of the 20th century, this well-maintained triplex offers approximately 4,000 square feet across three units, giving owners flexible living and rental configurations in one of Northern Rhode Island's most consistently active markets.

The first floor unit features 4 beds with 1 bath and in unit washer dryer, while the second and third floor units feature 3 beds and 1 bath each. Parking is a standout feature with a detached 3-car garage plus ample off-street parking bringing the total to 9 parking spots, great for attracting and retaining quality tenants in this neighborhood.

The property also offers separate utilities for efficient management and a spacious basement for additional storage. Whether you're pursuing owner-occupancy to offset your mortgage, purchasing your first investment property, or adding another income-producing asset to your portfolio, this property delivers strong rental demand and long-term value.

Conveniently located near major commuter routes, shopping, restaurants, parks, and everyday essentials - the accessibility renters value, and the continued demand owners benefit from.

Monthly Cost Estimate

$3,663/mo

20% down · 6.5% · 30 years

Principal$495
Interest$2,968
Insurance$200

Estimates only. Actual payments may vary.

Location

538 Wood Avenue

Woonsocket, RI 02895

Features & Amenities

Interior Features

Insulation (Unknown)

Property Details

Flooring

HardwoodCarpetVinyl

Construction

Vinyl Siding

Heating

Forced AirNatural Gas

Appliances

Gas Water HeaterDishwasherDryerOven/RangeRefrigeratorWasher

Questions & Answers

This 10-bedroom, 3-bathroom residential multi family at 538 Wood Avenue is listed at $684,900 ($172/sqft). The estimated monthly payment is $3,663 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.13 acre lot, 3 stories, 8 parking spaces. Interior Features: Insulation (Unknown).

This property is listed by The Modern Collective Group and can be reached at 4017442692.

TG

The Modern Collective Group

Agent at Compass Massachusetts, LLC

(401) 744-2692
Agent website

Listed by Compass Massachusetts, LLC · Broker phone: (617) 206-3333 · View on Broker Site · Broker website

MLS# 1422806· Source: State Wide MLS of Rhode Island, Inc.· 16 days on PropertySimple

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.

538 Wood Avenue, Woonsocket, RI 02895

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