13 days on rocket

Sale Pending

198 4th Ave, Woonsocket, RI, 02895

$525,000

Home List Price

$6,234*

Closing Credit

10 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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198 4th Ave, Woonsocket$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1920
HeatingNatural Gas, Hot Water
CoolingNone
BasementYes
FireplaceNone
MLS #1358860
Lot Size0.13 Acres
StatusSale Pending
(Pending)

About 198 4th Ave

Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Boasting a track record of exceptional performance under its current owner, this building is a cornerstone of stability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience, with minimal maintenance costs & unparalleled peace of mind. Featuring a sought-after configuration of two 3-bedroom units, and two 2-bedroom units, alongside an impressive nearly 7% cap rate, this property promises sustained occupancy and robust positive cash flow. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment. While offering immediate returns, there also exists untapped potential for further enhancement, presenting savvy investors or owner occupants with opportunities to maximize value. Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term. Check out the 360 tour and be sure to attend one of the three open houses this weekend!

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Peace of Mind Prop. Mgmt & R.E
  • Office Phone: (401) 829-8323

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Vinyl
  • Interior: Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Exterior: Paved Driveway

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000

Tax Information:

  • Annual Amount: $3,946
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Woonsocket, RI.

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Woonsocket, RI

City

Med. Sold Price

$375K

Med. Price/SqFt

$222

Avg. Days On Market

26

# of Sold Homes

24

198 4th Ave vs Woonsocket

13 DAYS ON ROCKET

-13 Days

$525,000

+$150K More

KEY TAKEAWAY

This property is $150K more than the Median Sold Price in Woonsocket, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1358860

Listing Office:

  • Office Name: Peace of Mind Prop. Mgmt & R.E
  • Office Phone: (401) 829-8323

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 7:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 20, 2003Home Sold
$231,500

Tax History

YEARPROP. TAXASSESSMENT
2020$3,946$164,400
2018$3,959$164,400
2017$3,738$124,200

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4337646
3
/10

  • Kevin K. Coleman School

  • 96 2nd Ave

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-4337647
3
/10

  • Harris School

  • 60 High School St

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-4337648
2
/10

  • Globe Park School

  • 192 Avenue A

  • 0.87 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,706. Residents of Woonsocket, RI typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Providence County›Woonsocket›02895›198 4th Ave

This home is located at 198 4th Ave in Woonsocket, RI and zip code 02895. This home, which was built in 1920, sits on a 0.13 acre lot. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $525,000.

Woonsocket, RI housing market in April 2024 saw over 14 listings sold above listed price, more than 6 sold at listed price and over 4 sold below. The number of listings in Woonsocket, RI decreased by 18.1% between March 2024 and April 2024. Listings spent 26 days on the market in April 2024, and had a median list price of $375,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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