Last Sold Price
15 beds5,148 sqft$93/sqft
188 1st Ave, Woonsocket, RI 02895

Description

Situated in the Fairmount neighborhood of Woonsocket, you'll find 188 First Avenue, an enchanting 4-family residence featuring a diverse array of living spaces. Among its offerings, you'll discover a spacious 6-bedroom townhouse apartment, a cozy 5-bedroom townhouse apartment, and two accommodating 2-bedroom apartments. Each tenant pays their own electric and heat. The property's strategic placement, mere moments from the Massachusetts state line, promises unparalleled convenience.
188 First Avenue
...Situated in the Fairmount neighborhood of Woonsocket, you'll find 188 First Avenue, an enchanting 4-family residence featuring a diverse array of living spaces. Among its offerings, you'll discover a spacious 6-bedroom townhouse apartment, a cozy 5-bedroom townhouse apartment, and two accommodating 2-bedroom apartments. Each tenant pays their own electric and heat. The property's strategic placement, mere moments from the Massachusetts state line, promises unparalleled convenience.

188 First Avenue is ideally located with schools, amenities, and major highways in close proximity, rendering it an exceptional investment opportunity or a delightful place to call home. Do not let the opportunity to unlock the full potential of this versatile property pass you by. Whether you seek an excellent investment property with the promise of substantial income or the chance to reside in one of the generously-sized townhouse apartments while earning rental income from other tenants, this residence offers limitless possibilities. There will be multiple group showings each week. Seller prefers "as is" sale.
LISTING CLOSED: 12/01/2023 12:00 AM

  1. Listed by Holly Regoli • Brokerage DRE #REC.0016995 • HomeSmart Professionals
    P: (401)-524-3948 hregoli@gmail.com

Property Details for 188 1st Avenue

Status
MLS #
1346129
Days on Market
13
Taxes
$8,718 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1900
Lot Size
0.13 AC / 5,662 SF
Subdivision Name
Fairmount

Location

Listing Courtesy of HomeSmart Professionals

Sold By Mott & Chace Sotheby's Intl.

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Building Information for 188 1st Avenue

Stories3Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$3,166 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,440

Property Taxes

$727

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 188 1st Avenue

Summary
Location and General Information
  • City: Woonsocket
  • Postal City: Woonsocket
  • Postal Code: 02895
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $8,718.00
  • Tax Assessed Value: 336100
  • Tax Lot: 20
  • Tax Map Number: 6A
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 5148.0
  • Building Area Total: 5148.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.13
  • Lot Size Area: 5662.0
  • Lot Size Square Feet: 5662.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 188FIRSTAVWOON
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Fha, Va
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 3,257,779,083
Utilities
  • Electric: Amps100, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Brick Mortar, Stone
Interior Features
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 15
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Hardwood, Laminate, Vinyl
  • Heating: Baseboard, Gas
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: In Unit
  • Rooms Total: 24
Multi Family
Income & Expenses Information
  • Operating Expense: $19,193.00
Unit 1 Information
  • Actual Rent: $1,500.00
  • Description: 2nd fl rear
  • Unit Type Area: 1600.0
  • Baths Total: 2
  • Beds Total: 5
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,600.00
  • Description: 2nd fl front
  • Unit Type Area: 1600.0
  • Baths Total: 2
  • Beds Total: 6
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,000.00
  • Description: 1st fl rear
  • Unit Type Area: 930.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $931.00
  • Description: 1st fl front
  • Unit Type Area: 930.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 188 1st Avenue

DateEvent & SourcePriceAppreciation
Dec 1, 2023

Sold (Public Record)

Public Record #1522942489

$480,000

+5.6% / yr

Dec 1, 2023

Sold

Rhode Island Association of REALTORS® #1346129

$480,000
Oct 31, 2023

Contract Signed

Rhode Island Association of REALTORS® #1346129

DateEvent & SourcePrice
12/01/2023

Sold (Public Record)

Public Record #1522942489

$480,000

+5.6% / yr

12/01/2023

Sold

Rhode Island Association of REALTORS® #1346129

$480,000
10/31/2023

Contract Signed

Rhode Island Association of REALTORS® #1346129

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 188 1st Avenue

Taxable ValueLand$90,200Additions$349,100Total$439,300
Tax Record2025$4,933 ($411 / month)
Home Facts
Baths6Total Finished SqFt4,680 SqFtAbove Grade Finished SqFt4,680 SqFtUnfinished Basement SqFt1,872 SqFtStories3Lot Size5,663 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1900ZoningMU1CountyPROVIDENCEAPNWOON M:6A L:131 U:20

Schools near 188 1st Avenue

This home is within Woonsocket School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Kevin K. Coleman School
PublicK to 5

Woonsocket Middle @ Villa Nova
Public6 to 8

Woonsocket High School
Public9 to 12

Harris School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 188 1st Avenue, Woonsocket, RI 02895
$480,000
15
5,148
5,662
8
6,299
5,663
$158,000
8
3,903
6,050
$20,000
3
986
4,000
5,663
$76,000
3
1,283
4,079

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart Professionals

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.