538 Wood Ave, Woonsocket, RI, 02895
About This Home
Positioned just minutes from the Massachusetts line, this well-maintained three-family offers the perfect blend of location, income potential, and long-term upside for owner occupants or investors looking for some immediate cashflow. Whether you're an investor looking to strengthen your portfolio or an owner-occupant wanting tenants to help pay the mortgage, this property checks all of the boxes. Each unit offers comfortable layouts with strong rental appeal, while the full garage adds valuable storage or additional income potential. Ample off-street parking makes this property stand out — a major tenant attraction and competitive advantage in today’s rental market. Separate utilities and a full basement with easy access for plenty of storage for all three tenants. The commuter-friendly location provides quick access to Massachusetts, major routes, shopping, restaurants, and everyday conveniences. Properties with this kind of positioning and parking flexibility don’t come around often. Strong rental demand. Strategic location. Built-in upside. This is the kind of asset that builds long-term wealth. Schedule a tour today and experience 538 Wood Ave for yourself!
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Construction materials: Aluminum Siding,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Unfinished,Storage Space,Utility
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Ceramic Tile,Hardwood,Laminate
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: None
Interior Area
- Total structure area: 4,200
- Total interior livable area: 3,975 sqft
Property
Details
- Parcel number: WOONM35DL189U1
- Attached to another structure: Yes
Features
- Stories: 3
Lot
- Lot size: 5,662 sqft
Parking
- Total spaces: 12
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,539 | $42,468 |
| Home Insurance * | $336 | $4,032 |
| Property Taxes | $828 | $9,936 |
| Electricity | $809 | $9,714 |
| Total | $5,512 | $66,144 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-20 | Price change | $725,000 |
| 2026-03-06 | Listed for sale | $750,000 |
| 2024-06-14 | Sold | $600,000 |
| 2024-03-15 | Pending sale | $630,000 |
| 2024-02-24 | Listed for sale | $630,000 |
| 2024-02-22 | Listing removed | -- |
| 2023-12-21 | Listed for sale | $630,000 |
| 2020-10-26 | Sold | $355,000 |
| 2020-08-20 | Price change | $349,900 |
| 2020-07-31 | Listed for sale | $324,900 |
| 2007-01-11 | Sold | $210,000 |
| 2004-03-08 | Sold | $207,000 |
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