5 days on Rocket
$7,125 Closing Credit¹
#1388292, Listing office: LPT Realty
$650,000 List price
243 Transit St Woonsocket, RI 02895
$7,719
Closing credit¹
8 beds
4 full
0.2 acres
Multi-Family
Property details
About 243 Transit St
Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don't miss out on this high-yield investment schedule your showing today! Can also be sold as a package MLS # 1388734
Highlights
Home typeMulti Family
HeatingOil, Steam, Space Heater(s)
StatusActive
BasementYes
Lot size0.19 Acres
Year built1922
ParkingDetached, Garage
MLS #1384862
Summary
- Full Bathrooms: 4
- Appliances: Gas Water Heater, Water Heater
- Basement: Yes
- Flooring Type: Laminate, Other
- Interior: Stall Shower, Tub Shower
- Total Bedroom Count: 8
- Attached Garage: No
- Parking: Detached, Garage
- Exterior: Balcony, Deck
- Heating: Oil, Steam, Space Heater(s)
- Cooling: None
- List Price: $650,000
- Annual Tax Amount: $4,624
- Tax Year: 2024
- Lot: Corner Lot
- Year Built: 1922
- Lot Size: 0.19 Acres
- MLS Number: 1384862
- MLS Name: RIS
- Office Name: Bond Brokerage
- Office Phone: (401) 954-0270
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 © 2025 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: 6/27/2025, 10:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
243 Transit St
$7,719
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 29, 2018 | Home Sold | $194,000 |
| Sep 29, 2004 | Home Sold | $265,500 |
| Oct 29, 2002 | Home Sold | $213,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $318,000 | $4,624 |
| 2022 | $318,000 | $4,446 |
| 2021 | $151,700 | $3,603 |
| 2020 | $151,700 | $3,641 |
| 2018 | $147,600 | $3,554 |
| 2017 | $116,700 | $3,513 |
History based on county public records data.
Nearby schools
2
Globe Park School
Public District PK-5
0.4 mi
•192 Avenue A
3
Kevin K. Coleman School
Public District KG-5
0.6 mi
•96 2nd Ave
5
Bernon Heights School
Public District KG-5
0.8 mi
•657 Logee St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,281. Typical income of Woonsocket, RI residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
39%
<35k
48%
35k-100k
11%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
14%
Single, with Kids
27%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
41%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Horse Races
College Basketball
Soccer
Where do the neighbors shop?
Stein Mart
Dillards
Forever 21
Where do the neighbors go to eat?
LongHorn Steakhouse
Logan's Roadhouse
Dominos Pizza
What do the neighbors drive?
Buick
Hyundai
Mazda
What do the neighbors listen to?
Contemporary Inspirational
Rock
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Woonsocket, RI
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.
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.
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.
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.
About 243 Transit St
The listing price of 243 Transit St property is $650,000.
The property 243 Transit St is a multi located in Woonsocket, Rhode Island, 02895.
Active Listing: 243 Transit St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 243 Transit St are: Globe Park School (GreatSchools Rating 2/10), Kevin K. Coleman School (GreatSchools Rating 3/10), Bernon Heights School (GreatSchools Rating 5/10), Founders Academy (GreatSchools Rating 4/10), Woonsocket Middle at Hamlet (GreatSchools Rating 3/10), Woonsocket Middle @ Villa Nova (GreatSchools Rating 3/10), Beacon Charter School (GreatSchools Rating 4/10), Woonsocket High School (GreatSchools Rating 2/10), Blackstone - Millville Regional High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $4,624 (source: MLS/based on county public records data).
The last sale was on June 29, 2018 for $194,000 (source: MLS/tax record).
The year of construction for 243 Transit St is 1922.
This home is located at 243 Transit St in Woonsocket, RI and zip code 02895. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $650,000.
Woonsocket, RI housing market in May 2025 saw over 22 listings sold above listed price, more than 2 sold at listed price and over 13 sold below. The number of listings in Woonsocket, RI increased by 8.2% between April and May 2025. While the average time on the market in May 2025 was 36 days, the median list price was $418,975.
From Rocket Homes Real Estate and based on county public records data.