Multi Family Investment Properties for Sale in Woonsocket, RI
315- 6 Bed
- 4 Bath
- 2628 sft
86- 5 Bed
- 2 Bath
- 1575 sft
188- 3 Bed
- 2 Bath
- 1512 sft
361- 9 Bed
- 8 Bath
- 7400 sft
Why Invest in Woonsocket, Rhode Island?
Multi-family properties in Woonsocket, RI offer strong investment potential with steady rental demand driven by a growing population of 44,508 and a renter-occupied rate near 62%. The city's median household income of $58,614 supports affordable rents, yielding cap rates around 7-8% and average cash flows of $450 per unit. Annual appreciation of 4% and rental yields of 6.5% make it attractive for cash flow-focused investors. Proximity to Providence enhances workforce stability, while low vacancy supports reliable occupancy.
Frequently Asked Questions
Renter-occupied housing stands at 61.9%, driven by a 38.1% homeownership rate. This supports strong demand for multi-family investments. Population growth of 2.2% annually sustains occupancy.
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