414 Rathbun Street Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
- Added:
- Jun 24, 2026
- Days on Market:
- 18
- Last Refresh:
- Jul 11 at 10:06 pm
Property Features for 414 Rathbun Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 3, Bathroom 2, Basement
- Parking
- 6
- Parking features
- Garage
- Interior features
- Wall (Dry Wall)
- Exterior features
- Balcony
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,347 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3519
Utilities
- Heating system
- Forced Air, Baseboard, Electric (Heating), Space Heater, Natural Gas
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Laminate, Tile - Ceramic
- Building materials
- Dry Wall
Listing agent Talib Hussain License #449585701 (508) 695-4545
Listing office Keller Williams Realty 25 Messenger Street, Plainville, RI (508) 695-4545
Listing date Jun 24, 2026
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.
The property is located at 414 Rathbun Street in Woonsocket, Rhode Island, and the public remarks indicate convenient access to highways as well as nearby shopping, schools, and local amenities. A monthly HOA fee of $180 per unit is noted, with included services listed as water, sewer, snow removal, refuse removal, and extra storage.
For buyers seeking a consolidated purchase, this configuration provides multiple income-producing units under one transaction, along with an additional unit that can be positioned for occupancy based on the buyer’s plans. HOA coverage of core operating items such as water and sewer, along with snow and refuse services, may help simplify day-to-day expense management for an investor or owner-operator.
Key Highlights
- Package of 3 separately deeded condo units sold together in a well‑maintained 6‑unit building
- Total approx. 2,347 sq. ft. across three 2‑bed/1‑bath units with 6 bedrooms and 3 full bathrooms
- Two units currently rented and one unit vacant, offering rental income plus owner‑occupant/lease‑up flexibility
Local 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 | $60.0k | $25.56 |
| − Vacancy | −$3.6k | −$1.53 |
| EGI | $56.4k | $24.03 |
| − OpEx | −$25.4k | −$10.81 |
| NOI | $31.0k | $13.21 |
