668 Grove Street offers investors a fully tenanted, cash-flow-positive multi-family asset in Woonsocket, RI, delivering a 6 6.5% cap rate. The property carries a current Lead Certificate, removing a common compliance hurdle and reducing liability exposure for the buyer. Recent capital improvements including four new hot water tanks help minimize near-term deferred maintenance and unexpected repair costs. A rear 6-stall garage adds further upside, offering dry storage space with income potential beyond the residential units. With reliable in-place cash flow and a well-maintained mechanical profile, 668 Grove Street is a compelling opportunity for investors seeking stable returns with minimal immediate capital outlay. All reasonable offers will receive consideration.
Some nearby schools may not be within this home's attendance zone. Please check the Woonsocket School District website to verify.
Bernon Heights School
Public K-5 • 0.5mi
4/10
Viola M Berard School
Private 2-12 • 0.4mi
Action Based Enterprises School
Private 1-8 • 0.6mi
Provided by GreatSchools
About Bernon
District
Bernon District, located between the Blackstone River and Downtown Woonsocket, is a historic and industrial Woonsocket neighborhood with brick mill architecture and riverfront pathways. The neighborhood’s character concentrates around the Museum of Work & Culture on Main Street, where converted mill blocks, small galleries, and coffee counters set a steady, street-level rhythm. The Museum of Work & Culture anchors local storytelling in a former mill building. River Island Art Park adds open-air installations and seasonal events along the water. The Blackstone River Bikeway threads past stone retaining walls and old canal edges, linking walks and bike rides to the district’s mill-era streetscape.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Attic
Unfinished full basement with interior and exterior entry
Bathrooms
4 full bathrooms
Kitchen
Dishwasher
Microwave
Oven
Range
Refrigerator
Laundry & utility
Washer
Electric water heater
Flooring
Ceramic tile
Hardwood
Laminate
Carpet
Heating & cooling
Gas baseboard heating
Exterior features
Paved driveway
Lot approximately 0.29 acres
Zoned R3
Home design
3 stories
Two buildings on the lot
Multifamily property with 4 total units
Parking
Detached garage
6 garage spaces (6 covered)
Total parking for 12 vehicles
Construction
Stone foundation
Drywall and plaster interior walls
Shingle siding
Wood siding
Utilities
200+ amp electric service
Public water
Public sewer
HOA & community
Community features include highway access, nearby schools, public transportation, recreation area, restaurants, shopping, and sidewalks
Electricity and solar
View estimated energy costs and solar savings for this home