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Excellent investment opportunity! This 5-unit brick apartment building offers a great addition to any investment portfolio. The property consists of one 2-bedroom unit and four 1-bedroom units, with each apartment including a range and refrigerator. Additional features include a roof approximately 5 years old, vinyl replacement windows, natural gas heat and hot water, separately metered gas and electric, a coin-operated washer and dryer, and a fully fire-coded building. The owner currently pays all utilities, presenting an opportunity for future expense management and increased cash flow. The durable brick exterior offers low-maintenance ownership. Conveniently located near shopping, restaurants, public transportation, and other everyday amenities, this income-producing property is an excellent opportunity for both seasoned and first-time investors.

More Info

Basic Information

  • Gross Income $68,400
  • Mls StatusNew
  • Parcel Number M:21G L:2122,562450
  • Rent Includes Unit 1(Heat, Electric, Gas, Water, Hot Water), Unit 2(Heat, Electric, Gas, Water, Hot Water), Unit 3(Heat, Electric, Gas, Water, Hot Water), Unit 4(Heat, Electric, Gas, Water, Hot Water)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $329,400
  • Tax Year 2026
  • Taxes$7,016

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces1

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms6
  • Full Bath5

Basic Information

  • List Price$565,000
  • MLS Number73580420
  • Modification Date09/21/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address558 East School Street
  • Building Number558
  • CountyProvidence
  • StateRI
  • StreetEast School Street
  • TownWoonsocket
  • Zip02895

Building

  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationSlab
  • Foundation Area 1275
  • Levels 5
  • Patio And Porch Features Deck
  • Rooms16
  • Stories5
  • Units5
  • Utilities For Gas Range, For Gas Oven, For Gas Dryer, Washer Hookup
  • Window Features Insulated Windows
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.04
  • Frontage Length 36

Interior

  • Flooring Tile, Vinyl, Carpet
  • Interior Features Laundry Room, Ceiling Fan(s), Living Room, Kitchen

Exterior

  • RoofShingle

Utilities

  • Electric Circuit Breakers,100 Amp Service
  • Electric Expense 4656
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 1,800
  • Lot Size Square Feet 1,865
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet1,800

Amenities

  • Amenities
    • Bike Path
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
  • Appliances IncludedWasher, Dryer, Range, Refrigerator

Legal

  • ZoningR4

Other

  • Date Listed09/21/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Debra Blanchet of RE/MAX Town & Country

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