157 Rathbun ST, Woonsocket, RI 02895
157 Rathbun ST, Woonsocket, RI 02895
157 Rathbun ST, Woonsocket, RI 02895
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$2,795,000
Est. payment /mo
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17,246 SqFt
Price Dropped by $105K

157 Rathbun ST Woonsocket, RI 02895

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Eric Coury

Eric Coury

Keller Williams Elite

+1(508) 838-6956

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 17,246 sqft

Price per Sqft $162

MLS Listing ID 1413389

HOA Y/N No

Abv Grd Liv Area 17,246

Year Built 1900

Annual Tax Amount $38,736

Tax Year 2025

Lot Size 0.700 Acres

Property Sub-Type Commercial

Property Description

Stabilized cash flow, built-in upside, and the kind of scale serious investors move on fast. Four buildings, 23 units, and a 50-car parking lot delivering $31,000/month ($372,000 annualized) with stable income from day one. With an achievable rent roll of $34,225/month, there's over $38,000 in annual upside already baked in value-add potential without the heavy lift. The unit count supports real economies of scale, the parking differentiates the asset, and Woonsocket's proximity to Providence keeps rental demand consistent. This is the kind of stabilized, cash-flowing portfolio with clear growth runway that doesn't stay available long.

Location

State RI

County Providence

Zoning R4

Exterior

Utilities Available Sewer Connected

Street Surface Asphalt

Total Parking Spaces 50

Building

Story 3

Sewer Connected

Level or Stories 3

Structure Type Frame

New Construction No

Others

Tax ID 157181RATHBUNSTWOON

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Tricia Coury
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