25 days on rocket

0 Fourth Ave, Woonsocket, RI, 02895

$750,000

1.26 Acres
Land

Location

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Property Highlights

Home TypeOther
MLS #1366806
Lot Size1.26 Acres
StatusActive

About 0 Fourth Ave

RARE LOT / EASY APPROVALS & DEVELOPMENT OPPORTUNITY!!! Prime investment opportunity in the heart of Woonsocket! This vacant lot, currently utilized as a parking area, is ready for transformation into a lucrative 15-unit, 1-bedroom apartment or condominium complex. The lot is perfectly proportioned to accommodate 15 parking spaces, ensuring convenience for future residents. Located right next to the newly developed America First Luxury Apartments, which has already leased several of its 32 units at an impressive average rent of $2,100 per unit, this site presents a golden opportunity to tap into a proven and flourishing rental market. Capitalize on the neighboring developer's hard work and leverage this prime spot in an up-and-coming area. The surrounding community is thriving, with seamless access to major highways, including Route 146 and I-295, offering quick connections to both Providence, RI, and Worcester, MA, as well as the broader region. Woonsocket's proximity to the Massachusetts border makes it an ideal location for attracting tenants who work in both Rhode Island and Massachusetts. The area offers a variety of shopping, dining, and recreational options, making it an appealing choice for residents. Investors and developers, seize this chance to build in a rapidly growing community with strong rental demand. This property is a blank canvas ready for your vision don't miss out on this exceptional development potential!

Property Details

Property Features

Listing Office:

  • Office Name: Engel & Volkers
  • Office Phone: (401) 638-0010

Exterior Features

Exterior Information:

  • Exterior: Paved Driveway

Lot Features

Lot Information:

  • Lot: Corner Lot, Paved, Level
  • Lot Size: 1.26 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
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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

$400K

Med. Price/SqFt

$223

Avg. Days On Market

25

# of Sold Homes

43

0 Fourth Ave vs Woonsocket

25 DAYS ON ROCKET

-0 Day

$750,000

+$350K More

KEY TAKEAWAY

This property is $350K 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: #1366806

Listing Office:

  • Office Name: Engel & Volkers
  • Office Phone: (401) 638-0010

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: 9/16/2024, 2:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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NMLS#3030

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-2323864
3
/10

  • Kevin K. Coleman School

  • 96 2nd Ave

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-2323865
3
/10

  • Harris School

  • 60 High School St

  • 0.69 miles

  • Public District Grades KG-5

school-card-donut-2323866
2
/10

  • Globe Park School

  • 192 Avenue A

  • 0.70 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 $19,231. The most common annual income of people living in Woonsocket, RI is less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Woonsocket, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Woonsocket, RI?

Woonsocket's housing market is characterized by a blend of historical and contemporary styles, with a significant presence of Victorian and Colonial homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, multi-family residences, and apartment complexes. While single-family homes are prevalent, there is also a substantial number of multi-family units that cater to various housing needs. The homeownership rate in Woonsocket is around 40%, with the remaining 60% of residents opting to rent, indicative of a strong rental market.

Is Woonsocket, RI a good place to live?

Woonsocket is celebrated for its vibrant history and cultural heritage, with a community that prides itself on its strong sense of identity. The city's character is shaped by its historical architecture, local arts scene, and annual events like the Autumnfest that bring the community together. Residents enjoy a variety of local attractions, including the Museum of Work and Culture, which pays homage to the city's industrial past.

Are things conveniently located in Woonsocket, RI?

The community is served by a network of public services that includes several public schools, healthcare facilities, and a public library system. Woonsocket's educational landscape comprises elementary, middle, and high schools, as well as options for higher education in nearby areas. Healthcare services are accessible through local clinics and a regional hospital that provides emergency care and specialized treatments. Retail and dining options are plentiful, with a mix of national chains and local establishments that reflect the city's diverse cultural makeup.

What does the transportation in Woonsocket, RI look like?

Transportation in Woonsocket is facilitated by a combination of public bus services and a network of major roads that connect the city to the rest of Providence and neighboring states. The public transit system offers routes that cover key areas of the city, with varying schedules to accommodate commuters. Woonsocket's walkability varies by neighborhood, with some areas being more pedestrian-friendly than others. The city's infrastructure also supports cycling, with bike lanes present in certain parts. While ride-sharing services are commonly used, specific brands are not mentioned to maintain neutrality.

Frequently Asked Questions About 0 Fourth Ave

What is the listing price of this property?

The listing price of 0 Fourth Ave property is $750,000.

What type of property is this?

The property 0 Fourth Ave is land located in Woonsocket, Rhode Island, 02895.

Is this property for sale now?

Active Listing: 0 Fourth Ave is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 0 Fourth Ave is 1.26 acres.
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Rocket Homes›Rhode Island›Providence County›Woonsocket›02895›0 Fourth Ave

This home is located at 0 Fourth Ave in Woonsocket, RI and zip code 02895. This home sits on a 1.26 acre lot. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $750,000.

Over 25 listings were sold over their listed price in August 2024 in Woonsocket, RI. In the same period over 8 listings were sold below the listed price and 10 listings were sold for the listed price. The number of homes for sale in Woonsocket, RI increased by 3.3% between July 2024 and August 2024. The median list price of listings available in August 2024 was $400,000, while the average time on the real estate market was 25 days.

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

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