Duplex Property with Renovated Rear
For Sale
$929,000
411 Rathbun Street, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size6,000 SF
Lot Size0.18 Acres
Price / SF$154.83
Days on Market47
Property Features for 411 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 3, Bedroom 8, Bedroom 9, Bathroom 6, Bedroom 13, Bedroom 14, Bedroom 11, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 16, Bathroom 7, Bathroom 4, Bathroom 1, Bedroom 15, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 12, Bedroom 2, Bedroom 4, Bedroom 10, Bathroom 5, Bedroom 17
Parking
5
Directions
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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
Floors in Building
4
Number of units
4
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 17 at 6:06AM
MLS# 73570515
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.
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Investment Insights
Based on property information with market context.
This residential property includes two buildings on a 0.18-acre lot with 6,000 square feet of total property size. The front structure is arranged as a side-by-side duplex, with each residence offering four bedrooms, one and a half bathrooms, a first-floor bedroom, three second-floor bedrooms, in-unit laundry, unfinished basement storage, and spacious living areas. The rear building has been fully renovated and includes residential units with three-bedroom layouts, full bathrooms, living and dining areas, kitchens, and abundant natural light.
Built in 1910 and zoned R4, the property also provides off-street parking. Its Woonsocket setting places the buildings near shopping, restaurants, schools, parks, and major commuter routes. Separate structures provide physical separation between the front and rear residences.
Built in 1910 and zoned R4, the property also provides off-street parking. Its Woonsocket setting places the buildings near shopping, restaurants, schools, parks, and major commuter routes. Separate structures provide physical separation between the front and rear residences.
Key Highlights
- Two residential buildings on a 0.18‑acre lot
- 6,000 square feet of total property size
- Front side‑by‑side duplex with four bedrooms and 1.5 bathrooms per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,287
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,740
$1.6M
Cap Rate 7%
$1,132,671
$1.1M
Cap Rate 9%
$880,967
$881.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$153.4K $25.56/SF
− Vacancy
−$9.2K −$1.53/SF
EGI
$144.2K $24.03/SF
− OpEx
−$64.9K −$10.81/SF
NOI
$79.3K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,740
Cap Rate 7%
$1,132,671
Cap Rate 9%
$880,967
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,903 @ 7.0% cap · market cap 10.75%
Second Best
Apartment 5plus
$1.13M
$991.1K – $1.32M
NOI $79,287 @ 7.0% cap · market cap 8.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential buildings include spacious layouts, in-unit laundry, basement storage, and off-street parking.
Where is this duplex located?
The property is located at 411 Rathbun Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Two residential buildings on a 0.18‑acre lot; 6,000 square feet of total property size; Front side‑by‑side duplex with four bedrooms and 1.5 bathrooms per unit
