51 Wood Ave

Woonsocket, RI 02895

$1,185,000
Price
—
Beds
—
Baths
6,300 Sq. Ft.
$188 / Sq. Ft.
6,300
Sq. Ft.
$188
per Sq. Ft.
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a view of a street with a building in the background
a view of house with outdoor space and porch
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a spacious bedroom with a bed and a view of bathroom
a view of a workspace with lounge chair and a bookshelf
a living room with furniture and a table
a living room with furniture and a flat screen tv
a bathroom with a toilet a sink and mirror
a front view of a building
a view of a car parked in front of a building
a front view of a building with many windows and garden
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a front view of a house

Description

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,...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.
  1. Listed by Donald Martone • BOND BROKERAGE

Property Details for 51 Wood Avenue

Town
Woonsocket
Area
RI-Woonsocket
Garage Spaces
0
Open Parking Spaces
13.00
Parking Spaces Total
13
LISTING UPDATED: 05/02/2026 03:10 AM

Property Details for 51 Wood Avenue

StatusActive
MLS #73508838
Days on Market25
Taxes$17,333 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1910
CountyProvidence County
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Location

Listing Courtesy of BOND BROKERAGE
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Building Information for 51 Wood Avenue

Stories5Residences8Year Built1910Building Size-Lot Size0.20 AC / 8,712 SF

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$7,349 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,905

Property Taxes

$1,444

HOA Dues

$0

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Property Information for 51 Wood Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Living Area: 6300.0
  • SqFt with Basement: No
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Interior Access, Concrete Floor, Unfinished Basement
  • Num of Full Baths: 0
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Integer: 0
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Porch - Enclosed
  • Lot Description: Level, Sloped
  • Patio And Porch Features: Porch, Enclosed
  • Roof Material: Asphalt/Composition Shingles
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Tandem, Common, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Tandem, Common, Paved Driveway
  • Parking Features: Off-Street, Tandem, Common, Paved Driveway
Utilities
  • Electric: Circuit Breakers, 150 Amp Service, Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Assessments: $813,800
  • Book: 0
  • Lot: 167
  • Map: 37
  • Tax Year: 2025
  • Zoning: R4
Building / Association Information
Living Characteristics
  • Beds Total: 0
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Concrete Perimeter, Stone, Irregular
  • Foundation Area: 1974.0
  • Frontage: 86.00
  • Levels: 5
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 8
  • Heat Zones: 0
Income / Expenses
  • Annual Expenses Source: Owner, Pro. Forma Available
  • GOI: $133,080.00
  • NOI: $133,080.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 3
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $11,090.00

Property History for 51 Wood Avenue

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Listed (Active)

MLS PIN #73508838

$1,185,000—
Apr 13, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1409850

$1,185,000—
DateEvent & SourcePrice
04/28/2026

Listed (Active)

MLS PIN #73508838

$1,185,000
04/13/2026

Listed (Active)

Rhode Island Association of REALTORS® #1409850

$1,185,000

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

Schools near 51 Wood Avenue

This home is within Woonsocket School District.
Rating
School
Type
Grades
Distance
Pothier-Citizens Elementary Campus
Public - PK to 5
Woonsocket Middle at Hamlet
Public - 6 to 8
Woonsocket High School
Public - 9 to 12
Woonsocket Middle @ Villa Nova
Public - 6 to 8
Rating
School
Distance
Pothier-Citizens Elementary Campus
PublicPK 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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More information about 51 Wood Avenue, Woonsocket, RI 02895

51 Wood Avenue is a multi-family home for sale in Woonsocket, RI 02895. This property was listed for sale on April 28, 2026 by BOND BROKERAGE, it's currently listed at $1,185,000. This listing's school district is Woonsocket School District. Nearby schools include Pothier-Citizens Elementary Campus, Woonsocket Middle at Hamlet and Woonsocket High School. 51 Wood Avenue is a 0-bed, 0-bath, 6,300 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BOND BROKERAGE

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.