$699,000
About this home
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. **Please note: Certain images have been virtually and digitally enhanced.**
Property details
- MLS
- Rhode Island Association of REALTORS
- MLS #
- 1424722
- Property type
- Commercial
- Subdivision
- N/A
- Status
- Active
- Days on market
- 17
- On market date
- September 30, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 10
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 382
- Student:teacher ratio
- 14.7:1
- District
- RISE Prep Mayoral Academy
- Enrollment
- 629
- Student:teacher ratio
- 9.8:1
- District
- Woonsocket
- Enrollment
- 217
- Student:teacher ratio
- 13.6:1
- District
- Beacon Charter School
Walkability
Blended score for Woonsocket's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Woonsocket, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 5 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.