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Overview

  • Updated On:
  • August 17, 2026
  • 8
  • Bathrooms
  • 16
  • Rooms
  • 11
  • Bedrooms
  • 0 ac
  • Property Lot Size

241 Pocasset Avenue, Providence, Residential Income

$ 1,500,000
241 Pocasset Avenue, Providence

Description

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income.
Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2—dramatically boosting early returns and investor ROI.
Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

Property Id: 1215639
Price: $ 1,500,000
Property Lot Size: 0 ac
Rooms: 16
Bedrooms: 11
Bathrooms: 8
Basement: Full, Interior Only, Finished
Bathrooms Full: 8
Building Area Total (sqft): 5535
Construction Materials: Vinyl Siding
Cooling: Central Air
Electric: 200+ Amp Service
Flooring: Vinyl
Heating: Natural Gas, Central Air
MLS Listing #: 1409780
Living Area Source: Public Records
Living Area Units: Square Feet
Lot Size SQFT: 2523
MLS Status: Active
Number Of Units Total: 4
Parking Features: No Garage
State: RI
Street Name: Pocasset
Street Number: 241
StreetNumberNumeric: 241
Street Suffix: Avenue
Structure Type: Apartment, Up/Down
Utilities: Sewer Connected, Water Connected
Water Source: Public
Year Built: 2024

Address: 241 Pocasset Avenue
State/County:
Zip: 02919
Country: US

Other Features
Gas Water Heater
Has Cooling System
Has Heating System
Property Attached

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$ 8,877.87
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 7,002.87

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DISCLAIMER TEXT: 241 Pocasset Avenue | 1215639 : IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.

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