Keller Williams Realty
Listed by Keller Williams Realty
$949,000
414 420 Rathbun Street
Details
APN 414420RATHBUNSTWOON
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 5,492
Cap Rate 9.00%
Year Built 1900
Buildings 2
Parking Spaces 10 spaces
Parking Per SqFt 1.82
Multifamily | 9.00% CAP
Marketing description
Exceptional opportunity to acquire SEVEN income-producing condominium units across two professionally managed buildings. This package includes a total of 14 bedrooms, 7 bathrooms, and approximately 5,492 square feet of living area across seven separately deeded units. Currently generating $10,325 per month in rental income, the portfolio consists of a diverse mix of 1, 2, and 3-bedroom units, with six units occupied and one vacant 2-bedroom unit, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $180 per unit and include water, sewer, snow removal, refuse removal, and extra storage, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The SEVEN condominium units are located in two adjacent buildings on Rathbun Street. Three units are situated at 414 Rathbun Street, and four units are situated at 420 Rathbun Street.
Listing Contacts
Keller Williams Realty
Listed by Keller Williams Realty
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Zoning
R-4 ResidentialMulti FamilyHigh Density Single And Multi Family Residential
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View all 102 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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