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238 Newland Ave 6 Unit Apartment Building $1,455,168 CAD ($242,528 CAD/Unit) 7.49% Cap Rate Woonsocket, RI 02895
Executive Summary
6 Unit Apartment Building
7.5% CAP Rate on existing rent
Room to increase rents to market rates
Renovated 2025
7.5% CAP Rate on existing rent
Room to increase rents to market rates
Renovated 2025
Property Facts
| Price | $1,455,168 CAD | Building Class | B |
| Price Per Unit | $242,528 CAD | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,794 SF |
| Cap Rate | 7.49% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $1,455,168 CAD |
| Price Per Unit | $242,528 CAD |
| Sale Type | Investment |
| Cap Rate | 7.49% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 4,794 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WOON-000040B-000058-000005 | Improvements Assessment | $663,612 CAD |
| Land Assessment | $131,926 CAD | Total Assessment | $795,538 CAD |
Property Taxes
Parcel Number
WOON-000040B-000058-000005
Land Assessment
$131,926 CAD
Improvements Assessment
$663,612 CAD
Total Assessment
$795,538 CAD
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238 Newland Ave
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