612 Rathbun St Blackstone, MA 01504
Spacious 3-bed units with upgrades and income potential.
- Added:
- May 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Jul 2 at 6:50 pm
Property Features for 612 Rathbun St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1925
Listing office (401) 244-8355
Listing date May 12, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Three spacious 3‑bed units (approximately 1,200 sq ft each).
- Extensive infrastructure upgrades since 2020, including electrical, plumbing, roof, and water heaters.
- Separate utilities and in‑unit laundry hookups for each unit.
Local Financial Insights For Multifamily LT 5
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 | $71.3k | $19.80 |
| − Vacancy | −$1.8k | −$0.49 |
| EGI | $69.5k | $19.31 |
| − OpEx | −$20.9k | −$5.79 |
| NOI | $48.7k | $13.52 |