362 Ballou St, Woonsocket, RI, 02895
About This Home
Rare opportunity to own a well-maintained two-family that offers the perfect blend of homeownership and wealth building. Whether you're looking to offset your mortgage with rental income or add a quality property to your investment portfolio, this home delivers exceptional value. Each spacious unit features two generous bedrooms, a full bath, bright eat-in kitchen, expansive double living rooms highlighted by beautiful Craftsman colonnade dividers, and plenty of natural light. Unit 2 offers in-unit laundry, while Unit 1 enjoys dedicated basement laundry. Outside you'll find a detached two-car garage plus additional off-street parking, providing convenience rarely found at this price point. The partially finished basement offers additional storage, workshop space, utility area and future possibilities. Ideally situated near the North Smithfield line with quick access to Routes 146 and 295, making commuting to Providence, Worcester, the CVS Corporate Campus, and surrounding employment centers simple and convenient. Minutes to shopping, restaurants, schools and everyday amenities. Skip the single-family home and put your housing dollars to work in a property that offers flexibility, long-term value, and the opportunity to build equity while generating income. A smart move for owner-occupants and investors alike.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter
- Construction materials: Dry Wall,Paneled,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater,Dryer,Oven/Range,Refrigerator,Washer
- Laundry features: In Building,In Unit
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Partially Finished,Bath/Stubbed,Common,Family Room,Laundry,Office,Playroom,Storage Space,Utility,Work Shop,Workout Room
Bathroom
- Features: Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Wall (Dry Wall),Wall (Paneled),Stairs,Plumbing (Mixed),Insulation (Unknown),Ceiling Fan(s)
- Flooring: Ceramic Tile,Vinyl,Carpet
- Fireplace features: None
- Attic: Attic Stairs
Heating & Cooling
- Heating features: Oil,Baseboard
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 5,204
- Total interior livable area: 2,646 sqft
Property
Details
- Parcel number: WOONM10FL161U34
- Attached to another structure: Yes
- Zoning: R3
- Foundation area: 1232
Features
- Stories: 2
- Fencing: Fenced
Lot
- Lot size: 5,227 sqft
- Features: Corner Lot
Parking
- Total spaces: 4
- Parking features: Garage Door Opener,Driveway
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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 | $2,224 | $26,688 |
| Home Insurance * | $211 | $2,532 |
| Property Taxes | $537 | $6,444 |
| Electricity | $538 | $6,466 |
| Total | $3,510 | $42,120 |
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 |
|---|---|---|
| 2026-08-08 | Contingent | $439,900 |
| 2026-07-30 | Listed for sale | $439,900 |
| 1991-02-15 | Sold | $130,000 |
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