Two-Building Multifamily with 5
409-415 Rathbun Woonsocket, RI 02895
New
For Sale
$979,000
MULTI_FAMILY - Woonsocket, RI
Property Size6,000 SF
Lot Size0.18 Acres
Price / SF$163.17
Days on Market3
Property Features for 409-415 Rathbun
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
17
Bathrooms
6
Rooms
Bathroom 2, Bedroom 2, Bedroom 13, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 12, Bedroom 7, Bedroom 3, Bathroom 5, Bedroom 8, Bedroom 9, Bedroom 16, Bathroom 6, Bedroom 1, Bedroom 17, Bathroom 4, Bedroom 14, Bedroom 10, Bedroom 15, Bedroom 11, Bedroom 4, Bathroom 7, Bathroom 1
Parking
5
Standard status
Active
Size
6,000 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7074
Building Details
Year built
1910
Number of units
4
Listing Agency:
Keller Williams Elite
(508) 695-4545
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 5:06AM
MLS# 73555723
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of two buildings on one lot totaling five residential units. The front building is a side-by-side duplex with two units, each offering 4 bedrooms and 1.5 baths, including one first-floor bedroom and three second-floor bedrooms. Both units include in-unit laundry and an unfinished basement for storage, and they are currently rented at $2,200/month each.
The rear building is a fully renovated three-family, currently vacant and ready for immediate occupancy or lease-up. Each unit offers 3 bedrooms and 1 full bath with spacious living and dining areas, a functional kitchen, and abundant natural light.
Additional features include ample off-street parking. The listing notes the front units are well maintained and the rear building has been renovated, creating a blend of occupied and ready-to-lease units under one ownership.
The rear building is a fully renovated three-family, currently vacant and ready for immediate occupancy or lease-up. Each unit offers 3 bedrooms and 1 full bath with spacious living and dining areas, a functional kitchen, and abundant natural light.
Additional features include ample off-street parking. The listing notes the front units are well maintained and the rear building has been renovated, creating a blend of occupied and ready-to-lease units under one ownership.
Key Highlights
- 2 buildings on 1 lot with 5 total residential units: front side‑by‑side duplex plus a rear 3‑family
- Front building duplex: two 4‑bedroom units, each with 1.5 baths and one first‑floor bedroom
- Front duplex units have in‑unit laundry and are currently rented at $2,200/month each
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 | $153.4k | $25.56 |
| − Vacancy | −$9.2k | −$1.53 |
| EGI | $144.2k | $24.03 |
| − OpEx | −$64.9k | −$10.81 |
| NOI | $79.3k | $13.21 |
6,000 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,903 @ 7.0% cap · market cap 10.20%
Second Best
Apartment 5plus
$1.13M
$991.1K – $1.32M
NOI $79,287 @ 7.0% cap · market cap 8.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Front side-by-side duplex with in-unit laundry plus a fully renovated three-family building on one lot.
Where is this duplex located?
The property is located at 409-415 Rathbun Woonsocket, RI.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: 2 buildings on 1 lot with 5 total residential units: front side‑by‑side duplex plus a rear 3‑family; Front building duplex: two 4‑bedroom units, each with 1.5 baths and one first‑floor bedroom; Front duplex units have in‑unit laundry and are currently rented at $2,200/month each
