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 $2,000/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 $10,000/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.
Some nearby schools may not be within this home's attendance zone. Please check the Woonsocket School District website to verify.
Pothier-Citizens Elementary Campus
Public PreK-5 • 0.5mi
3/10
Woonsocket Middle @ Villa Nova
Public 6-8 • 0.6mi
3/10
Woonsocket High School
Public 9-12 • 1.1mi
3/10
Provided by GreatSchools
About Social
District
Social District, located between Main Street and the Blackstone River, is a historic and walkable Woonsocket neighborhood with brick mill architecture and a compact downtown streetscape. The neighborhood’s character concentrates around Main Street at Clinton Street, where storefront bars, coffee counters, and small galleries keep the sidewalks active. Stadium Theatre Performing Arts Centre and Museum of Work & Culture serve as cultural anchors, with Ciro’s Tavern adding a long-running local hangout. Upper-floor apartments sit above early-20th-century commercial blocks, while former mill buildings frame the river edge. Pocket parks and river views shape a slower-paced loop for walking. Evening foot traffic gathers around showtimes and weekend dining.
Provided by Walk Score and Local Logic
Market insights
409 415 Rathbun St · $929,000
DAYS ON MARKET
47 days
The average home goes pending in 29 days.
SALE-TO-LIST
101.0%
Most homes are selling 1% above list price.
LIST PRICE
$929,000
Median list price in this area is $620,425. (33% lower than this home)
PRICE DROP
1 price drop
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Full unfinished interior-entry basement
Bathrooms
Five full bathrooms
Two half bathrooms
Laundry & utility
Gas water heater
Flooring
Ceramic tile
Hardwood
Laminate
Heating & cooling
Baseboard heating
Gas heating
Exterior features
Lot approximately 0.18 acres
Zoned R4
Home design
Vinyl-sided construction
Two buildings on the lot
Parking
No garage
Five total parking spaces
Construction
Vinyl siding
Utilities
Sewer connected
Water connected
100 amp electric service
Financial info
Property contains 4 total units
Above-grade finished area reported (value provided in listing data)
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 95° expected this year, 16 days in 30 years
6/10 Wind Factor
64% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Woonsocket, RI • 02895
Average low and high temperatures (°F)
34
19
37
20
52
32
61
41
69
51
81
61
83
65
80
58
75
55
65
45
53
36
39
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 409 415 Rathbun St
$888,780
$40K under list price of $929K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $400K to $763K.