420 Rathbun Street Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
Property Features for 420 Rathbun Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 1, Bathroom 3, Basement, Bedroom 4, Bedroom 6
- Parking
- 8
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Plumbing (Mixed)
- Exterior features
- Balcony
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 3,145 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4239
Utilities
- Heating system
- Space Heater, Natural Gas, Baseboard, Forced Air, Electric (Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 4
- 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 420 Rathbun Street in Woonsocket, Rhode Island. The building’s condominium association charges monthly HOA fees of $180 per unit, and those dues include water, sewer, snow removal, refuse removal, and extra storage. These items help simplify ownership responsibilities tied to common services and ongoing building-related expenses.
For buyers seeking multiple income-producing units in one transaction, this portfolio provides a consolidated way to acquire a small set of condo homes while retaining unit-by-unit deeded ownership. The property is currently generating $5,900 per month in rental income, offering an established baseline for continued rental management. The mix of unit sizes may appeal to tenants with different space needs, from one-bedroom households through three-bedroom demand.
Key Highlights
- Package includes 4 income‑producing condominium units within a professionally managed 6‑unit building
- Total of 8 bedrooms and 4 bathrooms across four separately deeded units, with approximately 3,145 SF total
- Current rental income is $5,900 per month with a unit mix of one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom unit
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 | $80.4k | $25.56 |
| − Vacancy | −$4.8k | −$1.53 |
| EGI | $75.6k | $24.03 |
| − OpEx | −$34.0k | −$10.81 |
| NOI | $41.6k | $13.21 |
