60 Rathbun St Woonsocket, RI 02895
Social District NeighborhoodEstimated payment $5,221/month
About This Home
Investor’s Dream Opportunity! This 7-unit mixed-use property offers 6 residential apartments, 1 retail space, and a sizable parcel of land with potential for an additional buildable lot. A true cash-flow generator, the property boasts a strong rental history and consistent returns. The residential units feature balconies, eat-in kitchens, spacious living rooms, and full baths in each. Unit mix includes four 2-bedroom apartments, one 4-bedroom apartment, and one studio, catering to a wide range of tenant demand. Key highlights include Ample off-street parking, Recent upgrades: newer roof, updated balconies/porches, and compliant water meter, Prime location with a stable tenant base, Upside potential with land for expansion. With its income strength, solid fundamentals, and long-term growth potential, this property is a turnkey investment you won’t want to miss! Note: Rental figures reflect market value projections.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,035
Year Built
- Built in 1900
Lot Details
- 0.3 Acre Lot
Parking
- 20 Car Parking Spaces
Interior Spaces
- 13,068 Sq Ft Home
- Granite Flooring
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Community Details
- 7 Units
- Property has 1 Level
Listing and Financial Details
- Assessor Parcel Number M:21F L:37 U:5,562435
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | -- | $277,500 | $105,800 | $171,700 |
| 2023 | $0 | $277,500 | $105,800 | $171,700 |
| 2022 | $0 | $277,500 | $105,800 | $171,700 |
| 2021 | $0 | $197,170 | $48,600 | $148,570 |
| 2020 | $0 | $197,170 | $48,600 | $148,570 |
| 2018 | $0 | $197,170 | $48,600 | $148,570 |
| 2017 | $0 | $170,700 | $47,200 | $123,500 |
| 2016 | -- | $170,700 | $47,200 | $123,500 |
| 2015 | -- | $170,700 | $47,200 | $123,500 |
| 2014 | -- | $174,600 | $51,900 | $122,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | For Sale | $925,000 | -- | $71 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $800,000 | None Available | |
| Warranty Deed | $800,000 | None Available | |
| Warranty Deed | $610,000 | None Available | |
| Warranty Deed | $610,000 | None Available | |
| Warranty Deed | $500,000 | None Available | |
| Warranty Deed | $500,000 | None Available | |
| Deed | $320,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $680,000 | Purchase Money Mortgage | |
| Closed | $680,000 | Purchase Money Mortgage | |
| Previous Owner | $325,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $500,000 | Purchase Money Mortgage | |
| Previous Owner | $408,000 | Purchase Money Mortgage | |
| Previous Owner | $8,000 | Commercial | |
| Previous Owner | $39,993 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73427584
APN: WOON-000021F-000037-000005
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