214 Burnside, Woonsocket, RI 02895
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214 Burnside, Woonsocket, RI 02895
214 Burnside, Woonsocket, RI 02895
214 Burnside, Woonsocket, RI 02895
214 Burnside, Woonsocket, RI 02895
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John J. Dean Jr.

John J. Dean Jr.

Engel & Völkers Americas

+1(617) 553-1926
$ 995,000
Est. payment /mo
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Open 10/3 12PM-1PM

214 Burnside Woonsocket, RI 02895

14 Beds

6 Baths

5,892 SqFt

Open House

Sat Oct 03, 12:00pm - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,892 sqft

Price per Sqft $168

MLS Listing ID 73584115

Bedrooms 14

Full Baths 6

Year Built 1900

Annual Tax Amount $10,939

Tax Year 2026

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type 5-9 Family

Property Description

$133080 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212–214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)

Location

State RI

County Providence

Zoning R4

Rooms

Basement Full, Partially Finished

Interior

Heating Forced Air, Baseboard

Cooling Window Unit(s)

Flooring Hardwood

Appliance Range, Refrigerator

Exterior

Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks

Roof Type Asphalt/Composition Shingles

Total Parking Spaces 6

Garage No

Building

Story 5

Foundation Concrete Perimeter, Brick/Mortar, Irregular

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by BOND BROKERAGE

NEARBY SCHOOLS & PROPERTIES

John J. Dean Jr.

John J. Dean Jr.

Real Estate Advisor License ID: 9512783

+1(617) 553-1926

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214 Burnside

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