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For sale
    • Price cut: $100K (6/23)
    $1,599,999

    241 Pocasset Ave, Providence, RI 02919

    11beds
    --sqft
    : 
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    Multi Family
    Built in 2024
    -- sqft lot
    $1,577,600 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    101 days
    |
    177
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Madelynn Duarte 401-481-7357,

    Innovations Realty

    Source: StateWide MLS RI,MLS#: 1409780MLS Logo

      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

        $1,577,600

        $1.50M - $1.66M

        $2,674/mo

        Price history

        DateEventPrice
        6/23/2026Price change$1,599,999-5.9%
        Source: StateWide MLS RI #1409780 Report a problem
        5/2/2026Price change$1,699,999-2.9%
        Source: StateWide MLS RI #1409780 Report a problem
        4/11/2026Listed 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 02919

        Getting around

        14 / 100
        Car-Dependent
        8 / 100
        Minimal Transit
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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