Investment Analysis — 642 Rathbun St

Blackstone, MA 01504

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01504 carries an estimated $3,080/mo in gross rent — about a 7.79% cap rate and $23,288/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,218

Style

Single Family

Built

1965

Investor Opportunity in Blackstone! This charming 3-bedroom, 1-bath ranch offers approximately 1,218 sq ft of living space with an attached garage. The property offers a manageable footprint and plenty of potential for an investor looking for their next fix-and-flip, rental renovation, or value-add project. The established structure and attached garage provide a strong foundation for cosmetic updates and modernization.Located at 642 Rathbun St, enjoy the convenient Blackstone location with easy access to Woonsocket, Pawtucket, and surrounding Rhode Island and Massachusetts communities. A great opportunity to renovate and reposition a single-family home in an attractive setting. This is the perfect project for an investor seeking a moneymaking opportunity or a homeowner to build strong equity. PROPERTY SOLD AS-IS. CASH OR HARD MONEY ONLY. First showing is open house.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 609 sq ft (the lesser of 900 sq ft or half the 1,218 sq ft principal dwelling). Lot size: 10,000 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.