5-Unit Multifamily
For Sale
$929,000
411 Rathbun Street, Woonsocket, RI 02895
Commercial/Business,Commercial Sale, Woonsocket, RI
Property Size6,000 SF
Lot Size0.18 Acres
Price / SF$154.83
Days on Market48
Property Features for 411 Rathbun Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R4
Rooms
Basement
Parking
5
Basement
Full
Lot features
Downtown
Standard status
Active
Size
6,000 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7074
Utilities
Heating system
Baseboard
Building Details
Year built
1910
Building materials
Frame
Listing Agency:
Keller Williams Realty
(508) 695-4545
Listed By:
Talib Hussain · License #449585701
(774) 266-1068
Added: Aug 25
Changed: Sep 15
Last Checked: Oct 11 at 1:06AM
MLS# 1421532
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 multifamily property at 411 Rathbun Street comprises two frame buildings on one lot, with five residential units totaling 6,000 square feet. The front structure contains a side-by-side duplex; each residence offers four bedrooms, 1.5 baths, a first-floor bedroom, three second-floor bedrooms, in-unit laundry, and unfinished basement storage. The rear building is a renovated three-family, with each apartment configured with three bedrooms, one full bath, living and dining areas, and a kitchen. Baseboard heating serves the property, which was built in 1910.
The front duplex units are occupied, while the rear building is vacant. R4 zoning applies, and the 0.18-acre parcel includes off-street parking. The property is situated in Woonsocket near shopping, restaurants, schools, parks, and major commuter routes.
The front duplex units are occupied, while the rear building is vacant. R4 zoning applies, and the 0.18-acre parcel includes off-street parking. The property is situated in Woonsocket near shopping, restaurants, schools, parks, and major commuter routes.
Key Highlights
- Five residential units across two separate buildings
- 6,000 square feet on a 0.18‑acre lot
- Front building is a side‑by‑side duplex with 4 bedrooms and 1.5 baths 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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Multifamily property - Two separate residential buildings provide varied unit layouts, private building access, off-street parking, and established rental use.
Where is this multifamily property 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: Five residential units across two separate buildings; 6,000 square feet on a 0.18‑acre lot; Front building is a side‑by‑side duplex with 4 bedrooms and 1.5 baths per unit
