538 Wood Avenue,Woonsocket, RI 02895
Woonsocket, RI 02895
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.
Details
| MLS # | 1422806 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 25 |
| Listing Provided By | Compass | The Modern Collective Group |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,976 |
| Garage | 3 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.13 |
Interior
| Rooms Total | 19 |
|---|---|
| Heating | Natural Gas, Forced Air |
| Heating Yes / No | Yes |
| Cooling | None |
| Cooling Yes / No | No |
| Appliances | Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer |
| Interior Features | Insulation (Unknown) |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Fireplace Features | None |
| Laundry Features | In Unit |
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Vinyl Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Detached |
Utilities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| Electric | 100 Amp Service |
Taxes
| Tax Annual Amount | 6868.27 |
|---|---|
| Tax Assessed Value | 611600 |
| Tax Lot | 189/1 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Providence |
| City | Woonsocket |
| Zip Code | 02895 |
| Area | Providence |
| Listing VS Median (in 02895) | |
Price: $684,900 low | high Med: $399,900 sqft: 3,976 low | high Med: 2,911 $ / sqft: $172 low | high Med: $137 On site: 25 low | high Med: 4 | |
Market Activity 02895
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Woonsocket |
| Zip Code | 02895 |
| Area | Providence |
| Listing VS Median (in 02895) | |
Price: $684,900 low | high Med: $399,900 sqft: 3,976 low | high Med: 2,911 $ / sqft: $172 low | high Med: $137 On site: 25 low | high Med: 4 | |
