Side-by-Side Duplex with 3-Unit
New
For Sale
$979,000
409 Rathbun Street, Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
Property Size5,938 SF
Lot Size0.18 Acres
Price / SF$164.87
Days on Market4
Property Features for 409 Rathbun Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
17
Bathrooms
6
Full bathrooms
5
Half bathrooms
2
Rooms
Bedroom 12, Bedroom 11, Basement, Bedroom 2, Bathroom 1, Bedroom 15, Bedroom 5, Bedroom 16, Bathroom 2, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 5, Bedroom 17, Bedroom 8, Bedroom 3, Bathroom 4, Bedroom 13, Bathroom 6, Bathroom 3, Bathroom 7, Bedroom 10, Bedroom 9, Bedroom 7, Bedroom 14
Parking
5
Parking features
None
Interior features
Plumbing (Mixed)
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
5,938 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7074
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s)
Amenities
in-unit laundry
off-street parking
Building Details
Year built
1910
Number of units
4
Flooring type
Tile - Ceramic, Laminate, Hardwood
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Realty
(508) 695-4545
Listed By:
Talib Hussain · License #449585701
(774) 266-1068
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 31 at 3:06AM
MLS# 1418777
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.
Investment Insights
Based on property information with market context.
This two-building rental property totals five residential units and combines a front side-by-side duplex with a fully renovated rear three-family building. The front duplex features two units, each with four bedrooms and 1.5 baths, including a first-floor bedroom and three second-floor bedrooms. Both units include in-unit laundry and have unfinished basement storage. The rear building is a fully renovated three-family with three-bedroom, one-bath units.
Set on a 0.18-acre lot, the property is approximately 5,938 square feet and was built in 1910. The home includes vinyl siding and a mix of ceramic tile, laminate, and hardwood flooring. Heating is provided by natural gas baseboard systems, and cooling is by wall units. A gas water heater serves the property.
The zoning is R4, and the property is described as having ample off-street parking, along with separate buildings that provide added privacy.
Set on a 0.18-acre lot, the property is approximately 5,938 square feet and was built in 1910. The home includes vinyl siding and a mix of ceramic tile, laminate, and hardwood flooring. Heating is provided by natural gas baseboard systems, and cooling is by wall units. A gas water heater serves the property.
The zoning is R4, and the property is described as having ample off-street parking, along with separate buildings that provide added privacy.
Key Highlights
- Two buildings totaling five residential units
- Front side‑by‑side duplex: two units with four bedrooms and 1.5 baths each
- Rear fully renovated three‑family: three‑bedroom, one‑bath units
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 | $151.8k | $25.56 |
| − Vacancy | −$9.1k | −$1.53 |
| EGI | $142.7k | $24.03 |
| − OpEx | −$64.2k | −$10.81 |
| NOI | $78.5k | $13.21 |
5,938 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.24M – $1.65M
NOI $98,871 @ 7.0% cap · market cap 10.10%
Second Best
Apartment 5plus
$1.12M
$980.9K – $1.31M
NOI $78,468 @ 7.0% cap · market cap 8.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-building property totaling five residential units on a 0.18-acre lot in R4 zoning.
Where is this duplex located?
The property is located at 409 Rathbun Street 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: Two buildings totaling five residential units; Front side‑by‑side duplex: two units with four bedrooms and 1.5 baths each; Rear fully renovated three‑family: three‑bedroom, one‑bath units
