Side-by-Side Duplex and
New
For Sale
$979,000
411 Rathbun, Woonsocket, RI 02895
Two-building residential income property with five units on one lot, including a duplex and a fully renovated three-family.
Property Size6,000 SF
Price / SF$163.17
Days on Market6
Property Features for 411 Rathbun
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Amenities
Baseboard Heating
Building Details
Year Built
1910
Buildings
2
Listing Agency:
KELLER WILLIAMS REALTY
(508) 695-4545
Listed By:
TALIB HUSSAIN · License #449585701
Source:
Corcoran
Added: Jul 28
Changed: Jul 31
Last Checked: Aug 1 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
This two-building residential income property totals five residential units on one lot. The front building is a side-by-side duplex, with each unit offering four bedrooms and 1.5 baths, including one first-floor bedroom and three second-floor bedrooms. Both duplex units include in-unit laundry and unfinished basement storage.
The rear building is a fully renovated three-family. It is currently vacant and positioned for immediate occupancy or lease-up. Each three-family unit features three bedrooms and one full bath, with spacious living and dining areas, a functional kitchen, and abundant natural light.
The property also includes ample off-street parking and separate buildings for added privacy. Built in 1910, the property is located at 411 Rathbun in Woonsocket, Rhode Island.
The rear building is a fully renovated three-family. It is currently vacant and positioned for immediate occupancy or lease-up. Each three-family unit features three bedrooms and one full bath, with spacious living and dining areas, a functional kitchen, and abundant natural light.
The property also includes ample off-street parking and separate buildings for added privacy. Built in 1910, the property is located at 411 Rathbun in Woonsocket, Rhode Island.
Key Highlights
- Total of 5 residential units on one lot with separate front and rear buildings
- Front building: side‑by‑side duplex with 2 units, each with 4 bedrooms and 1.5 baths
- Rear building: fully renovated three‑family, currently vacant and ready for occupancy or lease‑up
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
Current Use
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 residential income property with five units on one lot, including a duplex and a fully renovated three-family.
Where is this duplex located?
The property is located at 411 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: Total of 5 residential units on one lot with separate front and rear buildings; Front building: side‑by‑side duplex with 2 units, each with 4 bedrooms and 1.5 baths; Rear building: fully renovated three‑family, currently vacant and ready for occupancy or lease‑up
