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Caitlin Pannone

Engel & Völkers

caitlin.pannone@engelvoelkers.com +1(401) 258-3331

$ 566,100

Est. payment -/mo

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Active

420 Rathbun ST Woonsocket, RI 02895

8 Beds

4 Baths

3,145 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,145 sqft

Price per Sqft $180

MLS Listing ID 1416193

Style Stacked

Bedrooms 8

Full Baths 4

HOA Fees $180/mo

HOA Y/N No

Abv Grd Liv Area 3,145

Year Built 1900

Annual Tax Amount $4,239

Tax Year 2025

Property Sub-Type Multi Family

Property Description

Rare opportunity to acquire FOUR income-producing condominium units within a professionally managed 6-unit building. This package includes a total of 8 bedrooms, 4 bathrooms, and approximately 3,145 square feet across four separately deeded units. Currently generating $5,900 per month in rental income, the portfolio offers a diverse unit mix consisting of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. The property provides immediate cash flow with long-term appreciation and rental growth potential. Monthly HOA fees are $180 per unit and include water, sewer, snow removal, refuse removal, and extra storage, helping reduce ownership responsibilities and maintenance expenses. A unique investment opportunity for buyers seeking multiple income producing units in one transaction with stable cash flow and strong rental demand in the Woonsocket market.

Location

State RI

County Providence

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Interior Features Bathtub, Tub Shower

Heating Baseboard, Electric, Forced Air, Gas, Space Heater

Cooling Wall Unit(s)

Flooring Ceramic Tile, Laminate

Inclusions Certain images have been digitally enhanced. This is a non-warrantable condo, so financing will need to be through a portfolio loan program. We can connect you with lenders.

Fireplace No

Appliance Water Heater

Exterior

Exterior Feature Balcony

Utilities Available Sewer Connected

Porch Balcony

Total Parking Spaces 8

Garage No

Building

Foundation Stone

Sewer Connected

Water Connected, Water Tap Fee

Architectural Style Stacked

Structure Type Drywall

New Construction No

Others

Senior Community No

Tax ID 420RATHBUNSTWOON

Virtual Tour https://tour.RiLiving.com/420-Rathbun-Street-Woonsocket-RI-02895

Listed by Keller Williams Realty

Caitlin Pannone

Advisor

+1(401) 258-3331

Caitlin Pannone

420 Rathbun ST Woonsocket, RI 02895

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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420 Rathbun ST