Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
11 Beds
8 Baths
5,535 sqft

$1,500,000

241 Pocasset Avenue, Providence RI, 02919

Price per sqft$271.00
Built in2024
Property size5,535 sqft
Property typeMulti-family

Overview

Active

Listed Apr 10, 2026

Updated Sep 1

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.

$9,980/mo

Est. mortgage payment based on a $1,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1409780

Interior Features

Bedrooms
11
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

55+/Senior Community
No

Courtesy of Innovations Realty, 401-481-7357

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Mott & Chace Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2026 State-Wide MLS, Inc. All rights reserved.

Data last updated 5:40 AM UTC, 9/1/2026.

Powered by Luxury Presence