241 Pocasset Ave, Providence, RI

$1,599,999

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11

Beds

8

Baths

5,535

Square feet

0.06

Acres

About 241 Pocasset Ave

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.

Pricing and availability subject to change.

Features of 241 Pocasset Ave

MLS® # 1409780
Price $1,599,999
Bedrooms 11
Bathrooms 8
Full Baths 8
Square Footage 5,535
Square Footage 2523
Acres 0.06
Year Built 2024
Type Residential Income
Sub-Type Multi Family
Style Stacked
Status Active

Community Information

Address 241 Pocasset Ave
City Providence
County Providence
State RI
Zip Code 02919

Amenities

Utilities Sewer Connected
Parking No Garage
Garages No Garage
Is Waterfront No
Has Pool No

Interior

Interior Vinyl
Appliances Gas Water Heater
Heating Gas
Cooling Central Air
Fireplace No
Has Basement Yes
Basement Full, Finished, Interior Entry

Exterior

Exterior Vinyl Siding
Construction Vinyl Siding

Additional Information

Date Listed April 10th, 2026
Days on Market 85
Short Sale No
RE / Bank Owned No

Listing Map

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