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Joe Fazio

joe.fazio@engelvoelkers.com +1(401) 345-2466

$ 699,000

Est. payment -/mo

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Price Dropped by $141K

414 Rathbun ST Woonsocket, RI 02895

5,492 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,492 sqft

Price per Sqft $127

MLS Listing ID 1424722

HOA Fees $220

HOA Y/N No

Abv Grd Liv Area 5,492

Year Built 1900

Annual Tax Amount $7,758

Tax Year 2025

Property Sub-Type Commercial

Property Description

Exceptional opportunity to acquire FIVE income-producing condominium units across TWO professionally managed buildings. This package includes a total of 11 bedrooms, 5 bathrooms, and FIVE separately deeded units. Currently generating $7,525 per month in rental income, the portfolio consists of 2 bedroom units, with all five units occupied, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $220 per unit and include water, sewer, trash collection, master insurance, snow removal and landscaping, 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 FIVE CONDOMINIUM units are located in two adjacent buildings on Rathbun Street. Two units are situated at 414 Rathbun Street, and three units are situated at 420 Rathbun Street.

Location

State RI

County Providence

Interior

Heating Baseboard, Space Heater

Cooling Wall Unit(s)

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected

Street Surface Paved

Total Parking Spaces 10

Building

Foundation Stone

Sewer Connected

Water Connected, Water Tap Fee

Structure Type Frame

New Construction No

Others

Tax ID 414420RATHBUNSTWOON

Security Features Fire Alarm,Key Card Entry,Smoke Detector(s)

Virtual Tour https://tour.RiLiving.com/414-Rathbun-Street-Woonsocket-RI-02895

Listed by Keller Williams Realty

NEARBY SCHOOLS & PROPERTIES

Joe Fazio

Team Manager | Broker License ID: REB.0019090

+1(401) 345-2466

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