Last Sold Price
8 beds4,434 sqft$141/sqft
494 Grove St, Woonsocket, RI 02895

Description

Back on market due to garage being unsafe - seller to demo garage. Discover this large income-generating four-family home perfectly situated near all local conveniences. The property features two well-appointed one-bedroom units on the first floor, and two expansive three-bedroom units with classic double parlors on the second and third floors offering spacious living and strong rental appeal. Three of the four units have been thoughtfully updated, and each includes its own in-unit laundry for tenant...Back on market due to garage being unsafe - seller to demo garage. Discover this large income-generating four-family home perfectly situated near all local conveniences. The property features two well-appointed one-bedroom units on the first floor, and two expansive three-bedroom units with classic double parlors on the second and third floors offering spacious living and strong rental appeal. Three of the four units have been thoughtfully updated, and each includes its own in-unit laundry for tenant convenience. Recent improvements include a new roof and newer heating systems, ensuring peace of mind for years to come. Plus, there may be opportunities to expand into the attic for even more value. With excellent tenants already in place and room to increase rents, this is the perfect opportunity to grow your portfolio with a true cash-flowing asset. Don't miss your chance to own this impressive money maker schedule your private showing today! Being sold as-is.
LISTING CLOSED: 09/03/2025 12:00 AM

  1. Listed by Wayne Hannon • Brokerage DRE #REC.0018540 • LPT Realty
    P: (401)-578-6960 wayne.hannon@gmail.com

Property Details for 494 Grove Street

Status
MLS #
1388292
Days on Market
10
Taxes
$7,351 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1900
Lot Size
0.15 AC / 6,534 SF

Amenities

  • Attic
  • Baseboard Heating
  • Basement
  • Carpet Floors
  • Ceramic Floors
  • Electric Oven
  • Full Basement
  • Garage

Location

Listing Courtesy of LPT Realty

Sold By eXp Realty

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Building Information for 494 Grove Street

Stories3Residences4Year Built1900Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$3,789 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,177

Property Taxes

$613

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 494 Grove Street

Summary
Location and General Information
  • City: Woonsocket
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
  • Postal City: Woonsocket
  • Postal Code: 02895
  • State Or Province: RI
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 8
Taxes and HOA Information
  • Tax Annual Amount: $7,351.42
  • Tax Assessed Value: 505600
  • Tax Lot: 23
  • Tax Map Number: 250
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Fin SQFT: 4434.0
  • Building Area Total: 4434.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.15
  • Lot Size Area: 6534.0
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 494GROVESTWOON
  • 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: 3,079,779,423
Utilities
  • Electric: Amps100, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
  • Heating: Baseboard, Gas, Other
  • Heating Y N: Yes
  • Laundry Features: In Unit
  • Patio And Porch Features: Porch
  • Rooms Total: 18
Multi Family
Income & Expenses Information
  • Operating Expense: $1,200.00
Unit 1 Information
  • Actual Rent: $1,800.00
  • Description: 4th fl
  • Unit Type Area: 1478.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,450.00
  • Description: 3rd fl
  • Unit Type Area: 1478.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,000.00
  • Description: 1st Floor Front
  • Unit Type Area: 739.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $975.00
  • Description: 1st Floor Rear
  • Unit Type Area: 739.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 494 Grove Street

DateEvent & SourcePriceAppreciation
Sep 3, 2025

Sold (Public Record)

Public Record #1912394079

$625,000

+11.9% / yr

Sep 3, 2025

Sold

Rhode Island Association of REALTORS® #1388292

$625,000
Jul 14, 2025

Contract Signed

Rhode Island Association of REALTORS® #1388292

DateEvent & SourcePrice
09/03/2025

Sold (Public Record)

Public Record #1912394079

$625,000

+11.9% / yr

09/03/2025

Sold

Rhode Island Association of REALTORS® #1388292

$625,000
07/14/2025

Contract Signed

Rhode Island Association of REALTORS® #1388292

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

Public Records for 494 Grove Street

Taxable ValueLand$93,600Additions$412,000Total$505,600
Tax Record2025$5,678 ($473 / month)
Home Facts
Baths4Total Finished SqFt4,434 SqFtAbove Grade Finished SqFt4,434 SqFtUnfinished Basement SqFt1,512 SqFtStories3Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1900ZoningR4CountyPROVIDENCEAPNWOON M:16B L:250 U:23

Schools near 494 Grove Street

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 - 6 to 8
Rating
School
Distance
Bernon Heights School
PublicK to 5

Woonsocket Middle at Hamlet
Public6 to 8

Woonsocket High School
Public9 to 12

Woonsocket Middle @ Villa Nova
Public6 to 8

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: 494 Grove Street, Woonsocket, RI 02895
$625,000
8
4,434
6,534
6
5,319
6,534
$173,200
3
1,344
6,000
$150,000
3
2,475
6,534
$178,850
3
1,682
6,250
$327,500
8
3,250
14,610

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 LPT Realty

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.