198 4th Ave, Woonsocket, RI 02895
OFF MARKET

198 4th Ave
Woonsocket, RI 02895

Fairmount
  • 10 Beds
  • 4 Baths
  • 4,149 sqft

$668,700

Trulia Estimate
as of May 14, 2026

$668,700

Trulia Estimate
as of May 14, 2026
10 Beds
4 Baths
4,149 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Boasting a track record of exceptional performance under its current owner, this building is a cornerstone of stability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience, with minimal maintenance costs & unparalleled peace of mind. Featuring a sought-after configuration of two 3-bedroom units, and two 2-bedroom units, alongside an impressive nearly 7% cap rate, this property promises sustained occupancy and robust positive cash flow. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment. While offering immediate returns, there also exists untapped potential for further enhancement, presenting savvy investors or owner occupants with opportunities to maximize value. Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term. Check out the 360 tour and be sure to attend one of the three open houses this weekend!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 28, 2024

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 198 4th Ave

Interior Features

Interior Details
Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility,Work ShopNumber of Rooms: 19Types of Rooms: Bathroom
Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 4Number of Bathrooms (full): 4
Dimensions and Layout
Living Area: 4149 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: Gas Water Heater, Oven/Range, RefrigeratorLaundry: In Unit,Off SiteRefrigerator
Heating & Cooling
Heating: Natural Gas,Forced WaterNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Fireplace: NoneNo Fireplace
Gas & Electric
Electric: 100 Amp Service, 110 Volts, 220 Volts, Circuit Breakers, Common Meter, Individual Meter
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile, Hardwood, Vinyl
Levels, Entrance, & Accessibility
Stories: 3Accessibility: Flat ThresholdsFloors: Ceramic Tile, Hardwood, Vinyl
View
No View

Exterior Features

Exterior Home Features
Foundation: Stone
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 5Parking: No Garage,Driveway
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: ApartmentArchitecture: Apartment
Building
Construction Materials: Ceramic, Dry Wall, Paneled, Plaster, Wood Wall(s), Vinyl SidingNot a New ConstructionAttached To Another Structure
Property Information
Included in Sale: Washers and Dryers and AC units belong to tenants Seller performing a 1031 exchange and is currently under contract for the replacement property with a closing date of June 20th. A June closing would be ideal if possible.

Price & Status

Price
List Price: $525,000

Active Status

MLS Status: Sold

Media

Location

Direction & Address
City: WoonsocketCommunity: Fairmount

Building

Building Area
Building Area: 6562 Square Feet

Community

Community Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, TennisNot Senior Community

HOA

No HOA

Lot Information

Lot Area: 5662.8 sqft

Listing Info

Special Conditions: Conventional/Market Value

Business

Expense
Tenant Pays: Hot Water, Heat

Miscellaneous

BasementMls Number: 1358860

Additional Information

Near Public TransportCommuter BusGolfHighway AccessHospitalInterstatePrivate SchoolPublic SchoolRailroadRecreational FacilitiesRestaurantsSchoolsNear ShoppingNear SwimmingTennis
Last check for updates: about 6 hours ago
Listed by Stacy Corrigan, (401) 829-8323
Peace Of Mind Prop. Mgmt & R.E
Bought with: Stacy Corrigan, (401) 829-8323, Peace Of Mind Prop. Mgmt & R.E
Source: StateWide MLS RI, MLS#1358860

Price History for 198 4th Ave

DatePriceEventSource
06/27/2024$550,000Sold
StateWide MLS RI #1358860
05/21/2024$525,000PendingStateWide MLS RI #1358860
05/15/2024$525,000Listed For SaleStateWide MLS RI #1358860
04/05/2015$159,000ListingRemovedAgent Provided
03/10/2015$159,000PriceChange
Agent Provided
02/03/2015$169,000Listed For SaleAgent Provided
08/02/2014$149,000ListingRemovedAgent Provided
07/08/2014$149,000Listed For SaleAgent Provided
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Property Tax and Assessment

Year2025
Tax$4,910
Assessment$337,700
Home facts updated by county records

Comparable Sales for 198 4th Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
148 3rd Ave, Woonsocket, RI
0.08
Multi-Family Home
$550,000
06/09/25
7
4.5
3,548
149 6th Ave, Woonsocket, RI
0.07
Multi-Family Home
$615,000
10/07/25
9
3
3,494
242 4th Ave, Woonsocket, RI
0.04
Multi-Family Home
$730,000
08/29/25
12
6
6,168
336 Olo St, Woonsocket, RI
0.20
Multi-Family Home
$560,000
10/20/25
6
3
3,088
563 Blackstone St, Woonsocket, RI
0.45
Multi-Family Home
$615,000
06/20/25
8
4
4,094
517 Fairmount St, Woonsocket, RI
0.09
Multi-Family Home
$405,000
01/08/26
6
3
3,253
290 3rd Ave, Woonsocket, RI
0.09
Multi-Family Home
$330,000
01/08/26
5
3
1,962
75 South St, Woonsocket, RI
0.43
Multi-Family Home
$594,000
12/15/25
8
3
2,688
124 East St, Woonsocket, RI
0.52
Multi-Family Home
$630,000
12/29/25
9
3
3,488
356 S Main St, Woonsocket, RI
0.44
Multi-Family Home
$575,000
02/02/26
6
3
2,902

Assigned Schools

These are the assigned schools for 198 4th Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Fairmount
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Fairmount

At least 38 Trulia users voted on each feature.

  • 79 % Say there are sidewalks

  • 77 % Say it's dog friendly

  • 76 % Say car is needed

  • 60 % Say parking is easy

  • 59 % Say yards are well-kept

  • 59 % Say kids play outside

  • 53 % Say there's holiday spirit

  • 43 % Say neighbors are friendly

  • 43 % Say they plan to stay for at least 5 years

  • 43 % Say streets are well-lit

  • 39 % Say there's wildlife

  • 37 % Say it's quiet

  • 33 % Say it's walkable to grocery stores

  • 30 % Say people would walk alone at night

  • 21 % Say there are community events

  • 17 % Say it's walkable to restaurants

Learn more about our methodology.
  • Trulia User
    "The people places and things of course what else is there in a neighborhood.Ive been a Woonsocket resident for over 10 years. Ilove it here"
    1
    Flag
  • Jen
    "This is a poor school district for elementary age students. The local parks are known for drug activity. "
    0
    Flag
  • Norma P.
    "We have summer lunch at the park, Movie night, Autumn Fest, Football games, baseball games. We have a lot of parks to walk around."
    1
    Flag
  • Norma P.
    "The field day from Coleman School, Summer meals at Dunn park, and the Autumn Fest are the most popular community events in Woonsocket."
    1
    Flag
  • Deirdre A.
    " Neighbors are extraordinarily nice, watch out for each other and help one another. I feel completely safe with my neighbors. Everyone is improving their yards and houses. We all have dog's and they get along!"
    15
    Flag
  • Amylee R.
    "There are really none that I know of. If any, I know some events are held at River Island park but I have never personally been. "
    0
    Flag
  • Roxaneclemente
    "The people in my neighborhood are friendly. Everyone watches out for each other. You can leave your house and feel safe "
    0
    Flag
  • Roxaneclemente
    "It’s peaceful and everyone is friendly. People look out for each other. The kids can play at the park "
    0
    Flag
  • Normacortorreal
    "I've lived in here for 15 years and I love it. I like the people and the environment. this neighborhood has a lot of child distractions."
    0
    Flag

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Homes for sale near 198 4th Ave

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IDX information is provided exclusively for 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 not guaranteed. Copyright © 2026 State-Wide MLS, Inc. All rights reserved.

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Explore by feature

198 4th Ave, Woonsocket, RI 02895 is a 10 bedroom, 4 bathroom, 4,149 sqft multi-family built in 1920. 198 4th Ave is located in Fairmount, Woonsocket. This property is not currently available for sale. 198 4th Ave was last sold on Jun 27, 2024 for $550,000 (5% higher than the asking price of $525,000). The current Trulia Estimate for 198 4th Ave is $668,700.