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72 Kendrick Ave 19,908 SF Specialty Building Offered at $6,879,100 CAD at a 7% Cap Rate in Woonsocket, RI 02895
Investment Highlights
- Just minutes from the downtown district
- Fully Updated 21-Unit Residential Building Offering Strong Returns and Impressive 7% Cap Rate
- Close to major commercial corridors including Diamond Hill Road and Mendon Road
Executive Summary
ATTENTION DEVELOPERS AND INVESTORS! Incredible opportunity in Woonsocket to own a fully updated 21-unit residential
building offering strong returns. This property boasts an impressive 7% cap rate with an NOI of $359,600, making it an ideal
addition to any investment portfolio. Total rents about $450,000. All units have been completely renovated with modern finishes,
new appliances, and attractive, functional layouts designed to appeal to today’s tenants. Conveniently located with easy access to
local shops, restaurants, and everyday amenities, and just minutes from the downtown district. Close to major commercial
corridors including Diamond Hill Road and Mendon Road. Easy access to Interstate 146 provides convenient commuting to
Providence and Worcester. Near the Blackstone River and Blackstone River Greenway, with close proximity to Landmark Medical
Center.
building offering strong returns. This property boasts an impressive 7% cap rate with an NOI of $359,600, making it an ideal
addition to any investment portfolio. Total rents about $450,000. All units have been completely renovated with modern finishes,
new appliances, and attractive, functional layouts designed to appeal to today’s tenants. Conveniently located with easy access to
local shops, restaurants, and everyday amenities, and just minutes from the downtown district. Close to major commercial
corridors including Diamond Hill Road and Mendon Road. Easy access to Interstate 146 provides convenient commuting to
Providence and Worcester. Near the Blackstone River and Blackstone River Greenway, with close proximity to Landmark Medical
Center.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$494,745
|
$24.85
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $494,745 |
| Annual Per SF | $24.85 |
Property Facts
| Price | $6,879,100 CAD | Building Class | C |
| Price Per SF | $345.54 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 19,908 SF |
| Cap Rate | 7% | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1895 |
| Property Subtype | Schools | ||
| Zoning | R4 | ||
| Price | $6,879,100 CAD |
| Price Per SF | $345.54 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 19,908 SF |
| No. Stories | 3 |
| Year Built | 1895 |
| Zoning | R4 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WOON-000037C-000043-000009 | Improvements Assessment | $507,265 CAD (2025) |
| Land Assessment | $148,864 CAD (2025) | Total Assessment | $656,129 CAD (2025) |
Property Taxes
Parcel Number
WOON-000037C-000043-000009
Land Assessment
$148,864 CAD (2025)
Improvements Assessment
$507,265 CAD (2025)
Total Assessment
$656,129 CAD (2025)
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72 Kendrick Ave
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