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 2 weeks ago

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 Compass 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