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79 Hamlet Ave 5 Unit Apartment Building $872,000 CAD ($174,400 CAD/Unit) 8.44% Cap Rate Woonsocket, RI 02895
EXECUTIVE SUMMARY
Fantastic investment opportunity in Woonsocket! This well-maintained five-unit residential building features four updated 1-bed/1-bath units and one spacious 3-bed/1-bath unit, all renovated in 2019 and offering strong rental appeal. Tenants are month-to-month, providing excellent flexibility for future rent increases or repositioning. The property generates solid in-place income with additional upside potential, making it ideal for both new and seasoned investors. Efficient operating costs, security deposits in place for all units, and a history of stable occupancy make this asset easy to manage. Located in a convenient and high-demand area of Woonsocket close to shops, restaurants, and major routes. A turnkey multifamily with immediate cash flow and room to grow—don’t miss this opportunity to add a strong performer to your portfolio
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$103,384
|
$20.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,384
|
$20.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,753
|
$5.92
|
| Net Operating Income |
$73,632
|
$14.66
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $103,384 |
| Annual Per SF | $20.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $103,384 |
| Annual Per SF | $20.58 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,753 |
| Annual Per SF | $5.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $73,632 |
| Annual Per SF | $14.66 |
PROPERTY FACTS
| Price | $872,000 CAD | Building Class | C |
| Price Per Unit | $174,400 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,023 SF |
| Cap Rate | 8.44% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R4 | ||
| Price | $872,000 CAD |
| Price Per Unit | $174,400 CAD |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,023 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2019 |
| Parking Ratio | 1.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 3+1 | 1 | - | 1,200 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | WOON-000027C-000087-000027 | Improvements Assessment | $445,565 CAD |
| Land Assessment | $121,391 CAD | Total Assessment | $566,956 CAD |
PROPERTY TAXES
Parcel Number
WOON-000027C-000087-000027
Land Assessment
$121,391 CAD
Improvements Assessment
$445,565 CAD
Total Assessment
$566,956 CAD
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79 Hamlet Ave
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