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