409 Rathbun St Woonsocket, RI 02895
Social District NeighborhoodEstimated payment $5,966/month
About This Home
Exceptional investment opportunity! Rare offering featuring 2 buildings on 1 lot with a total of "5 RESIDENTIAL UNITS" in a convenient Woonsocket location. The Front Building is a SIDE-BY-SIDE DUPLEX, each offering 4 bedrooms, 1.5 baths, with one first-floor bedroom, three second-floor bedrooms, spacious layouts, in-unit laundry, unfinished basement storage, and bright living spaces. Both units are well maintained and currently rented at $2,200/month each, with future upside potential. The Rear Building is a fully renovated 3 FAMILY, currently vacant and ready for immediate occupancy or lease-up. Each unit features 3 bedrooms, 1 full bath, spacious living and dining areas, a functional kitchen, and abundant natural light. Estimated market rent is approximately $2,000/month per unit. With projected gross rental income of approximately $10,500/month once fully leased, this property offers outstanding cash flow potential for investors while also presenting an excellent owner-occupant opportunity. Additional highlights include ample off-street parking, spacious unit layouts, separate buildings for added privacy, and a desirable location close to shopping, restaurants, schools, parks, and major commuter routes. A rare chance to own a versatile, income-producing property with immediate upside potential.
Open House Schedule
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Sunday, August 2, 202611:30 am to 1:00 pm8/2/2026 11:30:00 AM +00:008/2/2026 1:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,074
Year Built
- Built in 1910
Lot Details
- 7,841 Sq Ft Lot
Home Design
- 5,938 Sq Ft Home
- Vinyl Siding
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 17 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 5 Parking Spaces
- No Garage
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Baseboard Heating
- 100 Amp Service
- Gas Water Heater
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Tax Lot 112
- Assessor Parcel Number 409415RATHBUNSTWOON
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,074 | $629,900 | $91,300 | $538,600 |
| 2024 | $6,784 | $466,600 | $91,300 | $375,300 |
| 2023 | $6,523 | $466,600 | $91,300 | $375,300 |
| 2022 | $6,523 | $466,600 | $91,300 | $375,300 |
| 2021 | $5,434 | $228,800 | $37,200 | $191,600 |
| 2020 | $5,491 | $228,800 | $37,200 | $191,600 |
| 2018 | $5,510 | $228,800 | $37,200 | $191,600 |
| 2017 | $5,331 | $177,100 | $40,700 | $136,400 |
| 2016 | $5,639 | $177,100 | $40,700 | $136,400 |
| 2015 | $6,478 | $177,100 | $40,700 | $136,400 |
| 2014 | $6,433 | $179,000 | $44,800 | $134,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2026 07/28/26 | For Sale | $979,000 | -- | $165 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | None Available | |
| Deed | $265,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $907,500 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $20,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $400,000 | Purchase Money Mortgage |
Source: State-Wide MLS
MLS Number: 1418777
APN: WOON M:21B L:112 U:41
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