4,796 Sq. Ft.   Multi-Family
Get the Preforeclosure Address

2nd Ave
Woonsocket, RI 02895

*Rental Value Coming Soon

Overview

This Multi-Family Preforeclosure is located at 2nd Ave, Woonsocket, RI 02895. It has , 4,796 sqft of living space. This property is currently in auction.
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Status: Active
Listing ID: 63610019
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Homes near 2nd Ave in Woonsocket, Rhode Island


Learn about 2nd Ave in Woonsocket, RI

This multi-family property is available as a preforeclosure at 2nd Ave. With 4,796 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Woonsocket, specifically for 2nd Ave and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on 2nd Ave are updated daily along with others in Woonsocket, Rhode Island, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for 2nd Ave below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Foreclosure Timeline

2nd Ave in Woonsocket Rhode Island Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on 2nd Ave
View Preforeclosure Status
05/29/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

ServiceLink Auction brings 50+ years of auction expertise to deliver best-in-class products and technology solutions with a commitment to upholding the highest standards of quality, compliance, and services. Offering premiere foreclosure, REO, short sale and multi-channel auction solutions in the United States.

What is the city of Woonsocket, RI like?

Woonsocket, Rhode Island, is a city rich in history and community spirit. Nestled along the Blackstone River, the city reflects a blend of urban convenience and suburban tranquility. With an array of local shops, restaurants, and parks, Woonsocket fosters a vibrant lifestyle that caters to families and individuals alike.

Residents enjoy a range of recreational activities, including access to the scenic River Island Park, where walking trails and picnic areas provide a perfect backdrop for outdoor fun. The city's historical architecture, highlighted by the iconic Woonsocket City Hall, adds to its charm, making it a pleasant place to live and visit.

Moreover, Woonsocket benefits from its strategic location near major highways, connecting it to nearby cities like Providence and Boston. The city's public transportation system ensures reliable access to these urban centers, appealing to both commuters and those seeking a suburban lifestyle with nearby urban amenities.

Nearby Schools

There are 4 schools in the area. Nearby schools include Woonsocket High School and Fanning Elementary School.

Woonsocket High School
Fanning Elementary School
Villanova University College of Nursing
Turtle Pond School

Nearby Attractions

There are plenty of activities near this property like Woonsocket Public Library, Woonsocket City Hall, and more.

Woonsocket Public Library
Woonsocket City Hall
Blackstone Valley Visitor Center
The Rhode Island State Health Laboratory

What kind of public transportation is there?


Public transportation options include: Rhode Island Public Transit Authority (RIPTA) bus services connecting Woonsocket to nearby cities, Commuter rail service accessible in nearby Providence. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include River Island Park, Troy Park and more.

River Island Park
Troy Park
Crescent Park
Davis Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

Verizon Fios
Cox Communications
Comcast Xfinity
Rental Chart
View Rental and Market Value
for 2nd Ave in Woonsocket Rhode Island
View Market Value

Property Information

Preforeclosure

The property located at 2nd Ave in Woonsocket, RI is listed as a Preforeclosure

This listing located at 2nd Ave in Woonsocket, RI could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Woonsocket, Rhode Island is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Woonsocket, RI, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Woonsocket, Rhode Island doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Contact Information

Auction Information

Legal Information

Credit Information Center

County Information

Document Center

Listing History

Start Date End Date Listing Type Bank Name
05/29/25   Preforeclosure
05/27/25 06/18/25 Preforeclosure

Similar Homes Nearby Woonsocket, RI


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2nd Ave
Woonsocket, RI 02895

4,796 sq. ft.   Multi-Family

Active 

Status: Active Listing ID: 63610019

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Listing URL

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