Three-Unit Multifamily
New
For Sale
$452,700
420 Rathbun St, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size2,515 SF
Price / SF$180
Days on Market6
Property Features for 420 Rathbun St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 7
Parking
6
Directions
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Standard status
Active
APN
M:21I L:196 U:28,639313
Size
2,515 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4239
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 8:06PM
MLS# 73584907
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.
Investment Insights
Based on property information with market context.
This multifamily offering comprises three separately deeded condominium units within a professionally managed, five-unit building. The package totals 2,515 square feet and includes seven bedrooms and four bathrooms. Its unit mix consists of two two-bedroom residences and one three-bedroom residence.
The units are located at 420 Rathbun St in Woonsocket, Rhode Island. The building dates to 1900. Monthly HOA fees are $220 per unit and cover water, sewer, trash collection, master insurance, snow removal, and landscaping.
The units are located at 420 Rathbun St in Woonsocket, Rhode Island. The building dates to 1900. Monthly HOA fees are $220 per unit and cover water, sewer, trash collection, master insurance, snow removal, and landscaping.
Key Highlights
- Three separately deeded condominium units in a professionally managed 5‑unit building
- 2,515 square feet with 7 bedrooms and 4 bathrooms
- Unit mix: two 2‑bedroom residences and one 3‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,235
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,700
$664.7K
Cap Rate 7%
$474,786
$474.8K
Cap Rate 9%
$369,278
$369.3K
Market Conditions
NOI Build-Up for 2,515 SF
Gross rent
$64.3K $25.56/SF
− Vacancy
−$3.9K −$1.53/SF
EGI
$60.4K $24.03/SF
− OpEx
−$27.2K −$10.81/SF
NOI
$33.2K $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%
$664,700
Cap Rate 7%
$474,786
Cap Rate 9%
$369,278
Alternative Uses
Best Use
Apartment 5plus
$474.8K
$415.4K – $553.9K
NOI $33,235 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$598.2K
$523.5K – $697.9K
NOI $41,876 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three separately deeded residences are part of a professionally managed five-unit building.
Where is this multifamily property located?
The property is located at 420 Rathbun St Woonsocket, RI.
What is the asking price?
The asking price for this property is $452,700.
What are key features of this property?
This property features: Three separately deeded condominium units in a professionally managed 5‑unit building; 2,515 square feet with 7 bedrooms and 4 bathrooms; Unit mix: two 2‑bedroom residences and one 3‑bedroom residence
