Multi Family at 420 Rathbun Street, Woonsocket
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39 photos

$452,700

420 Rathbun Street
Woonsocket, RI 02895
Listed by Talib Hussain
Bedrooms
7
Bathrooms
3
Living area
N/A
Year built
1900

About this home

Rare opportunity to acquire THREE income-producing condominium units within a professionally managed 5-unit building. This package includes a total of 7 bedrooms, 4 bathrooms, and approximately 2,515 square feet across four separately deeded units. Currently generating $4,600 per month in rental income, the portfolio offers a diverse unit mix consisting of 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 $220 per unit and include water, sewer, trash collection, master insurance, snow removal and landscaping, 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.

Property details

MLS #
1424795
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
September 30, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
N/A
Parking spaces
8
Lot size
N/A
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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

ElementaryCharter
RISE Prep Mayoral Academy Ele
0.39 mi away · Grades 0-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
382
Student:teacher ratio
14.7:1
District
RISE Prep Mayoral Academy
Middle
Woonsocket Middle @ Villa Nova
0.64 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
629
Student:teacher ratio
9.8:1
District
Woonsocket
HighCharter
BEACON Charter School
0.82 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
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).

74
Walkable
out of 100
EPA National Walkability Index
11.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores14
Parks14
Schools14
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Woonsocket, from live MLS data.

On the market 0 days -- 61 fewer days than Woonsocket's current average of 61 days.
For reference, the median list price across 380 active listings in Woonsocket right now is $419,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,876/mo
$90,540 down
$362,160 loan
Principal & interest$2,349
Property tax (est.)$377
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 21 hr 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.