414 - 420 Rathbun Street Woonsocket

$949,000
5,492 sq ft

The Property

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.

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Listing Details

MLS Number

1416208

Features

  • Basement: Full
  • Heating: Baseboard, Space Heater
  • Heating Fuel: Baseboard, Space Heater
  • Paved
  • Downtown
  • Rural
  • Year Built: 1900

Market Trends for Commercial Properties
in Woonsocket

  • Overview
    Homes for Sale Today36-89.7% decrease in inventory
    New on Market *13225% increase in new listings
    Avg. Asking Price/Sq.Ft. *$112.26$14 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$770,000$299,300 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.13%1.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$144.66$113 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6533 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Keller Williams Realty
Email: tom@508forsale.com
Phone: 508-695-4545

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