242 4th Ave, Woonsocket, RI 02895
SOLD
AUG 29, 2025

242 4th Ave
Woonsocket, RI 02895

Fairmount
  • 12 Beds
  • 6 Baths
  • 6,168 sqft

$730,000

Last Sold: Aug 29, 2025
4% over list $700K
$118/sqft

$730,000

Last Sold: Aug 29, 2025
4% over list $700K
$118/sqft
12 Beds
6 Baths
6,168 sqft

Homes for sale near 242 4th Ave

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Local Information

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

Description

A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units—each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today’s market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)
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 September 02, 2025

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$118/sqft
Listed
180+ days ago

Home Details for 242 4th Ave

Interior Features

Interior Details
Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,UtilityNumber of Rooms: 22Types of Rooms: Bathroom
Beds & Baths
Number of Bedrooms: 12Number of Bathrooms: 6Number of Bathrooms (full): 6
Dimensions and Layout
Living Area: 6168 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: Gas Water Heater, Oven/Range, RefrigeratorLaundry: In BuildingRefrigerator
Heating & Cooling
Heating: Natural Gas,Forced Water,Gas Connected,Gas on Gas,SteamNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Fireplace: NoneNo Fireplace
Gas & Electric
Electric: 100 Amp Service, Individual Meter
Windows, Doors, Floors & Walls
Flooring: Hardwood, Vinyl, Carpet
Levels, Entrance, & Accessibility
Stories: 3Floors: Hardwood, Vinyl, Carpet
View
No View

Exterior Features

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

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Up/DownArchitecture: Up/Down
Building
Construction Materials: Dry Wall, Shingles, Vinyl SidingNot a New ConstructionAttached To Another Structure

Price & Status

Price
List Price: $699,900Price Per Sqft: $118/sqft

Active Status

MLS Status: Sold

Media

Location

Direction & Address
City: WoonsocketCommunity: Fairmount

Building

Building Area
Building Area: 9384 Square Feet

Community

Community Features: Near Public Transport, Highway Access, Hospital, Private School, Public School, 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: Heat

Miscellaneous

BasementMls Number: 1385858

Additional Information

Near Public TransportHighway AccessHospitalPrivate SchoolPublic SchoolRecreational FacilitiesRestaurantsSchoolsNear ShoppingNear SwimmingTennis
Last check for updates: about 2 hours ago
Listed by The DiSpirito Team, (401) 244-8355
Engel & Volkers Oceanside
Bought with: Camila Oliveira, (617) 869-0942, Real Broker, LLC
Source: StateWide MLS RI, MLS#1385858

Price History for 242 4th Ave

DatePriceEventSource
08/29/2025$730,000Sold
StateWide MLS RI #1385858
06/05/2025$699,900PendingStateWide MLS RI #1385858
05/28/2025$699,900Listed For SaleMLS PIN #73380937
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Comparable Sales for 242 4th Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
148 3rd Ave, Woonsocket, RI
0.11
Multi-Family Home
$550,000
06/09/25
7
4.5
3,548
149 6th Ave, Woonsocket, RI
0.09
Multi-Family Home
$615,000
10/07/25
9
3
3,494
563 Blackstone St, Woonsocket, RI
0.43
Multi-Family Home
$615,000
06/20/25
8
4
4,094
336 Olo St, Woonsocket, RI
0.23
Multi-Family Home
$560,000
10/20/25
6
3
3,088
45 Ross St, Woonsocket, RI
0.80
Multi-Family Home
$713,000
07/28/25
14
4.5
6,065
49 Homestead Rd, Woonsocket, RI
0.60
Multi-Family Home
$555,000
06/20/25
11
5
4,346
415 Blackstone St, Woonsocket, RI
0.58
Multi-Family Home
$685,000
01/28/26
11
6.5
5,270
517 Fairmount St, Woonsocket, RI
0.06
Multi-Family Home
$405,000
01/08/26
6
3
3,253
290 3rd Ave, Woonsocket, RI
0.06
Multi-Family Home
$330,000
01/08/26
5
3
1,962

Assigned Schools

These are the assigned schools for 242 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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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.

Homes for rent near 242 4th Ave

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242 4th Ave, Woonsocket, RI 02895 is a 12 bedroom, 6 bathroom, 6,168 sqft multi-family built in 1930. 242 4th Ave is located in Fairmount, Woonsocket. This property is not currently available for sale. 242 4th Ave was last sold on Aug 29, 2025 for $730,000 (4% higher than the asking price of $699,900). The current Trulia Estimate for 242 4th Ave is $756,500.