538 Wood, Woonsocket, RI, 02895

An outstanding opportunity to own a versatile three-family property in a highly accessible East Woonsocket location, just moments from the Massachusetts state line. Built around the turn of the 20th century, this well-maintained triplex offers approximately 4,000 square feet across three units, giving owners flexible living and rental configurations in one of Northern Rhode Island's most consistently active markets. The first floor unit features 4 beds with 1 bath and in unit washer dryer, while the second and third floor units feature 3 beds and 1 bath each. Parking is a standout feature with a detached 3-car garage plus ample off-street parking bringing the total to 9 parking spots, great for attracting and retaining quality tenants in this neighborhood. The property also offers separate utilities for efficient management and a spacious basement for additional storage. Whether you're pursuing owner-occupancy to offset your mortgage, purchasing your first investment property, or adding another income-producing asset to your portfolio, this property delivers strong rental demand and long-term value. Conveniently located near major commuter routes, shopping, restaurants, parks, and everyday essentials — the accessibility renters value, and the continued demand owners benefit from.

Residential Income
$699,900
Location
City/TownWoonsocket
CountyProvidence
Interior
Living Area3,976 sq. ft.
Rooms19
HeatingNatural Gas, Forced Air
CoolingNone
Interior FeaturesPlumbing (Mixed), Insulation (Unknown)
Additional Information
Tax Assessment$611,600
Exterior
Acreage0.13
Listed By: Compass

Information is deemed reliable but is not guaranteed.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. ©2025 State-Wide Multiple Listing Service. All rights reserved.

Reset password

Enter your email address and we will send you a link to change your password.