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Six-Unit Multifamily Portfolio
For Sale
$699,000

414 Rathbun Street, Woonsocket, RI 02895

Individually deeded residences are divided between two managed buildings, with a mix of two- and three-bedroom layouts.

Property Size5,492 SF
Price / SF$127.28
Days on Market12

Property Features for 414 Rathbun Street

General Information

Standard status Active
Size 5,492 SF
Property subtype Commercial

Financials

Gross Income $108,300
HOA Fee $1,320

Additional Details

Multifamily Units 6

Building Details

Year Built 1900
Buildings 2
Listing Agency: Keller Williams Realty
Listed By: Talib Hussain · License #RES.0043821
Source: Lockandkeyre
Added: Sep 30 Changed: Oct 10 Last Checked: Oct 9 at 11:03PM

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 multifamily offering comprises six condominium residences in two adjacent buildings, with three units at 414 Rathbun Street and three at 420 Rathbun Street. The units include 13 bedrooms and 6 bathrooms across approximately 4,862 square feet of living area. The building improvements date to 1900.

The unit mix includes two- and three-bedroom residences. Five units are occupied, and one two-bedroom unit is vacant. Monthly association services include water, sewer, trash collection, master insurance, snow removal, and landscaping.

Key Highlights

  • Six separately deeded condominium units across two adjacent buildings
  • Approximately 4,862 square feet of living area, with 13 bedrooms and 6 bathrooms
  • Five units occupied; one vacant unit has 2 bedrooms

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Bakery Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,099
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Individually deeded residences are divided between two managed buildings, with a mix of two- and three-bedroom layouts.
Where is this multifamily property located?
The property is located at 414 Rathbun Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six separately deeded condominium units across two adjacent buildings; Approximately 4,862 square feet of living area, with 13 bedrooms and 6 bathrooms; Five units occupied; one vacant unit has 2 bedrooms
More about this property
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