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241 Pocasset Avenue

Providence, RI 02919
  • $1,500,000
  • STATUS: Active
  • ON SITE: 129 Days
  • MLS #: 1409537
Price Reduced
UPDATED: 34 min ago
$1,500,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,255
    SQFT
  • $461
    $/SQFT
Type:
Commercial
Built:
2024
County:
Area:

School Ratings & Info

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.

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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. 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. Data last updated: 2026-08-16T09:37:44.677.
www.onshorerealtors.com/homes/174951974
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241 Pocasset Avenue Providence, RI 02919

  • Price: $1,500,000
  • Status: Active
  • On Site: 129 Days
  • Updated: 34 min ago
  • MLS #: 1409537
0
Beds
0
Baths
0
½ Baths
0.06
Acres
3,255
SQFT
$461
$/SQFT
2024
Built
County:
Providence
Area:
Providence
Property 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.
Exterior Features

Architectural Style Mid Rise Parking Total 0

Interior Features

Basement Full Basement YN Yes

Property Features

Community Features Sidewalks Electric 200+ Amp Service Human Modified YN Yes Land Lease YN No New Construction YN Yes Property Condition Under Construction Property Sub Type Commercial Sewer Connected Tax Annual Amount 0 Tax Assessed Value 252100 Tax Lot 202 Tax Year 2025 Utilities Sewer Connected

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Innovations Realty: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. 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. Data last updated: 2026-08-16T09:37:44.677.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891