New Listing - 06/24/2026
414 420 Rathbun Street, Woonsocket, RI, 02895
1900
Exceptional opportunity to acquire SEVEN income-producing condominium units across two professionally managed buildings. This package includes a total of 14 bedrooms, 7 bathrooms, and approximately 5,492 square feet of living area across seven separately deeded units. Currently generating $10,325 per month in rental income, the portfolio consists of a diverse mix of 1, 2, and 3-bedroom units, with six units occupied and one vacant 2-bedroom unit, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $180 per unit and include water, sewer, snow removal, refuse removal, and extra storage, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The SEVEN condominium units are located in two adjacent buildings on Rathbun Street. Three units are situated at 414 Rathbun Street, and four units are situated at 420 Rathbun Street.
Status:
Active
Type:
Commercial
Units:
0
Heating:
Baseboard, Space Heater
Cooling:
Wall Unit(s)
Basement:
Full
Parking:
10-car
Common Charge:
$180 Monthly
Est. Taxes:
$7,758
Assessment
$695,660
HOA Fee
$180
Permitted Use
Multi-Family,Residential
Construction
Frame
Utilities
Electricity Available,Natural Gas Available,Sewer Connected
MLS #:
1416208
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School Info
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Listing courtesy of Keller Williams Realty 508-695-4545