157 Rathbun Street, Woonsocket, RI 02895
COMMERCIAL - Woonsocket, RI
- Added:
- Jun 17, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 18 at 5:06 am
Property Features for 157 Rathbun Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- R4
- Parking
- 50
- Standard status
- Active
- Size
- 17,246 SF
- Lot size
- 0.70 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 38736
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Frame
Listing agent List with Lyon Team (401) 649-2358
Listing office Here Realty 875 Oaklawn Avenue, Cranston, RI (401) 862-1251
Listing date Jun 17, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four buildings with 23 total units
- 50‑car parking lot
- Current income: $31,000/month ($372,000 annualized)
- Achievable rent roll of $34,225/month
- Existing annual upside of over $38,000 based on rent roll difference
Overview
The property is located at 157 Rathbun Street in Woonsocket, Rhode Island. Zoning is listed as R4, and the listing notes Woonsocket’s proximity to Providence as a factor in maintaining rental demand.
According to the listing’s provided income figures, the property is described as delivering $31,000 per month ($372,000 annualized) with stable income from day one. An achievable rent roll of $34,225 per month is also stated, corresponding to over $38,000 in annualized upside based on the listing’s calculations. For investors or operators looking for a scaled residential income asset, the unit count and dedicated parking are positioned as operational strengths, with the listing presenting value-add potential through the difference between current and achievable rents.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $440.8k | $25.56 |
| − Vacancy | −$26.4k | −$1.53 |
| EGI | $414.4k | $24.03 |
| − OpEx | −$186.5k | −$10.81 |
| NOI | $227.9k | $13.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.502977
- Latitude
- 42.011038
