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.
Active
$1,500,000
241 Pocasset Ave, Providence, RI 02919
11beds
--sqft
Multi Family
Built in 2024
-- sqft lot
$1,479,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 214 days
- 114
- 8
Zillow last checked:
Listing updated:
Listed by:
Madelynn Duarte 401-481-7357,
Innovations Realty
Source: StateWide MLS RI,MLS#: 1409780
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Natural Gas, Central Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Vinyl
- Basement: Full,Interior Entry,Finished
- Has fireplace: No
Interior area
- Total structure area: 5,535
Video & virtual tour
Property
Parking
- Parking features: No Garage
Lot
- Size: 2,522 Square Feet
Details
- Parcel number: 241POCASSETAVPROV
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 2024
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Providence
Financial & listing details
- Date on market: 4/11/2026
- Total actual rent: 0
- Tenant pays: Heat
Estimated market value
$1,479,400
$1.41M - $1.55M
$3,137/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $1,500,000-6.2% |
Source:  StateWide MLS RI #1409780 Report a problem | ||
| 6/23/2026 | Price change | $1,599,999-5.9% |
Source: StateWide MLS RI #1409780 Report a problem | ||
| 5/2/2026 | Price change | $1,699,999-2.9% |
Source: StateWide MLS RI #1409780 Report a problem | ||
| 4/11/2026 | Listed for sale | $1,750,000 |
Source: StateWide MLS RI #1409780 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 02919
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