409 - 415 Rathbun Street Woonsocket

$979,000
17 6 5,938 sq ft

The Property

Exceptional investment opportunity! Rare offering featuring 2 buildings on 1 lot with a total of “5 RESIDENTIAL UNITS” in a convenient Woonsocket location. The Front Building is a SIDE-BY-SIDE DUPLEX, each offering 4 bedrooms, 1.5 baths, with one first-floor bedroom, three second-floor bedrooms, spacious layouts, in-unit laundry, unfinished basement storage, and bright living spaces. Both units are well maintained and currently rented at $2,200/month each, with future upside potential. The Rear Building is a fully renovated 3 FAMILY, currently vacant and ready for immediate occupancy or lease-up.

Each unit features 3 bedrooms, 1 full bath, spacious living and dining areas, a functional kitchen, and abundant natural light. Estimated market rent is approximately $2,000/month per unit. With projected gross rental income of approximately $10,500/month once fully leased, this property offers outstanding cash flow potential for investors while also presenting an excellent owner-occupant opportunity. Additional highlights include ample off-street parking, spacious unit layouts, separate buildings for added privacy, and a desirable location close to shopping, restaurants, schools, parks, and major commuter routes. A rare chance to own a versatile, income-producing property with immediate upside potential.

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Listing Details

MLS Number

1418777

Lot Size:

0.18 acres

Features

  • Basement: Full, Interior Only, Unfinished
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Year Built: 1910

Market Trends for Single Family Homes
in Woonsocket

  • Overview
    Homes for Sale Today82-91.3% decrease in inventory
    New on Market *45-6.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$242.18$5 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$463,921$2,899 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *103.11%2.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$296.33$31 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *592 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?

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    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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