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$1,500,000
Monthly Est:$7,466
11 Beds
8 Baths8 full baths
5,535sqft
241 Pocasset Ave, Providence, RI 02919
$1,500,000
$7,466/moEst:
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Multi Family
Built in 2024
$-- HOA
2,523 sqft lot
$271/sq.ft
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.
- Houzeo last checked: 0 minutes ago
- Listing updated: August 31, 2026 at 8:11 pm
- Listing Provided by: Madelynn Duarte (401) 481-7357 DRE #RES.0044330 | Innovations Realty (401) 414-7414
- Source: RI StateWide MLS-RI | MLS#: 1409780
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
2024
HOA Fees
-
Finished Area
5,535 sqft
Lot Size
2,523 sqft lot
Basement Area
- sqft
MLS Name
RI StateWide MLS
MLS Number
1409780
MLS Status
Active
Days on Market
201
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 8
Interior
Cooling
Central Air
Appliances
Gas Water Heater
Heating
Gas
Sewer
Connected
Flooring
Vinyl
Construction
Year Built
Year Built: 2024
Home type
Multi Family
Architectural Style
Stacked
Construction Materials
Vinyl Siding
Utilities & Energy
Electric
Amps200or More
Basement
Full, Finished, Interior Entry
Parking Features
No Garage
Water Source
Connected, Public
Utilities
Sewer Connected
Price History
| Date | Event | Price |
|---|---|---|
06/23/2026 Source: | Price Decreased | $1,599,999 -5.88% $289/sqft |
05/02/2026 Source: | Price Decreased | $1,699,999 -2.86% $307/sqft |
04/10/2026 Source: | Price Increased | $1,750,000 +16.67% $316/sqft |
04/10/2026 Source: | Price Decreased | $1,500,000 -6.25% $271/sqft |
04/10/2026 Source: | Listed for Sale | $1,599,999 $289/sqft |
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Based on information from State-Wide MLS through Oct 29, 2026, 09:15PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 State-Wide MLS, Inc. All rights reserved.
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