$7,125 Closing Credit¹
#1386382, Listing office: Empire RE Group, ERA Powered
$599,999 List price
494 Grove St Woonsocket, RI 02895
$7,125
Closing credit¹
8 beds
4 full
0.9 acres
Multi-Family
Property details
About 494 Grove St
Discover this large income-generating four-family home perfectly situated near all local conveniences. The property features two well-appointed one-bedroom units on the first floor, and two expansive three-bedroom units with classic double parlors on the second and third floors offering spacious living and strong rental appeal. Three of the four units have been thoughtfully updated, and each includes its own in-unit laundry for tenant convenience. Recent improvements include a new roof and newer heating systems, ensuring peace of mind for years to come. Additional income potential awaits with a detached two-car garage that can be rented separately. Plus, there may be opportunities to expand into the attic for even more value. With excellent tenants already in place and room to increase rents, this is the perfect opportunity to grow your portfolio with a true cash-flowing asset. Don't miss your chance to own this impressive money maker schedule your private showing today! Being sold as-is.
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas, Other
StatusActive
BasementYes
Lot size0.949 Acres
Year built1900
ParkingDetached, Garage
MLS #1388292
Summary
- Full Bathrooms: 4
- Appliances: Electric Water Heater, Oven, Range, Refrigerator
- Basement: Yes
- Flooring Type: Carpet, Ceramic Tile, Hardwood, Laminate
- Fireplace: None
- Total Bedroom Count: 8
- Attached Garage: No
- Parking: Detached, Garage
- Exterior: Porch
- Heating: Baseboard, Natural Gas, Other
- Cooling: None
- List Price: $599,999
- Annual Tax Amount: $5,982
- Tax Year: 2024
- Year Built: 1900
- Lot Size: 0.949 Acres
- MLS Number: 1388292
- MLS Name: RIS
- Office Name: LPT Realty
- Office Phone: (401) 757-0845
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, 7:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,999
494 Grove St
$7,125
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 21, 2015 | Home Sold | $190,000 |
| Oct 12, 2010 | Home Sold | $73,000 |
| Sep 02, 2005 | Home Sold | $215,000 |
| Jun 13, 1994 | Home Sold | $99,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $411,400 | $5,982 |
| 2022 | $411,400 | $5,751 |
| 2021 | $194,400 | $4,617 |
| 2020 | $194,400 | $4,666 |
| 2018 | $194,400 | $4,681 |
| 2017 | $164,500 | $4,951 |
History based on county public records data.
Nearby schools
5
Bernon Heights School
Public District KG-5
0.4 mi
•657 Logee St
3
Harris School
Public District KG-5
0.8 mi
•60 High School St
3
Kevin K. Coleman School
Public District KG-5
0.8 mi
•96 2nd Ave
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 $48,750. The most common annual income of people living in Woonsocket, RI is less than $<35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
41%
<35k
40%
35k-100k
18%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
51%
Single, No Kids
20%
Single, with Kids
19%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
27%
18-34 yrs old
42%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer
Horse Races
Where do the neighbors shop?
Burlington
Forever 21
Stein Mart
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
LongHorn Steakhouse
What do the neighbors drive?
Dodge
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
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 494 Grove St
The listing price of 494 Grove St property is $599,999.
The property 494 Grove St is a multi located in Woonsocket, Rhode Island, 02895.
Active Listing: 494 Grove St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 494 Grove St are: Bernon Heights School (GreatSchools Rating 5/10), Harris School (GreatSchools Rating 3/10), Kevin K. Coleman School (GreatSchools Rating 3/10), 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 $5,982 (source: MLS/based on county public records data).
The last sale was on January 21, 2015 for $190,000 (source: MLS/tax record).
The year of construction for 494 Grove St is 1900.
This home is located at 494 Grove St in Woonsocket, RI and zip code 02895. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 23, 2025 and is currently priced at $599,999.
While more than 22 listings in Woonsocket, RI in May 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 13 were sold below. Between April and May 2025, Woonsocket, RI real estate market has seen increase in the number of listings by 8.2%. In May 2025 median list price was $418,975 and the average listing age was 36 days.
From Rocket Homes Real Estate and based on county public records data.