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51 Wood Ave, 
Woonsocket, RI 02895

$1,185,000

—

Bed

—

Bath

6,300

Sq Ft

Multi-Family

Active

Listed by

Donald Martone

, 

Donald Martone

Bond Brokerage

401-533-1021

Last updated:

May 23, 2026, 10:40 AM

MLS#

73508838

Source:

MLSPIN

About This Home

51 Wood Ave

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.

Home Facts

Multi-Family

Built in 1910

Price Summary

1,185,000

$188 per Sq. Ft.

MLS #:

73508838

Last Updated:

May 23, 2026, 10:40 AM

Rooms & Interior

Interior

Living Area:

6,300 Sq. Ft.

Structure

Structure

Building Area:

6,300 Sq. Ft.

Year Built:

1910

Lot

Lot Size (Sq. Ft):

8,712

Finances & Disclosures

Finances

Price:

$1,185,000

Price per Sq. Ft:

$188 per Sq. Ft.

Source:MLSPIN
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. 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, and the Images, 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.