$995,000

About this home

$133,800 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit (5-2 bed units, 1-4 bed 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)

Property facts

Property type

Multi Family

Year built

1900

Lot size (acres)

0.16

Total rooms

18

Garage spaces

0

Total parking

6

Annual taxes

$10,939

Tax year

2025

County

Providence

Features

Heating

Natural Gas, Baseboard, Forced Air

Cooling

None

Basement

Full, Interior Only, Unfinished, Laundry, Storage Space, Utility

Appliances

Gas Water Heater

Interior

Wall (Dry Wall), Wall (Plaster), Wall (Wood), Stairs, Plumbing (Mixed)

Laundry

In Building

Parking

No Garage

Construction

Dry Wall, Plaster, Wood Wall(s), Vinyl Siding

Utilities

Sewer Connected, Water Connected

Sewer

Public Sewer, Public

Water

Municipal, Public

Community

Bus, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping

Exterior

Porch

Lot

Paved

Location