Exceptional investment opportunity for investors seeking long-term value and future rental growth. Well-maintained 3-family featuring three spacious 3-bed units, each approximately 1,200 sq ft, with separate utilities, in-unit laundry hookups, basement storage, parking for 8+ vehicles, and a beautiful yard. Extensive infrastructure upgrades since 2020 include complete replacement of all knob-and-tube wiring, new electrical panels in each unit, all new PEX plumbing throughout, new PVC stack, new roof, 3 new hydroelectric water heaters, insulation improvements, hardwired smoke/CO detectors, updated common areas, and significant exterior/porch code and safety improvements. The first-floor unit also features a new 96% high-efficiency gas FHA furnace and central air. Long-term tenants with below-market rents offer substantial future income upside, while the extensive system improvements provide a strong foundation for continued ownership and value growth.
For sale
Price cut: $100K (6/19)
$599,900
612 Rathbun St, Blackstone, MA 01504
9beds
3,528sqft
Multi Family
Built in 1925
-- sqft lot
$591,700 Zestimate®
$170/sqft
$-- HOA
What's special
Central airBasement storageNew roofBeautiful yardIn-unit laundry hookupsUpdated common areasInsulation improvements
- 66 days |
- 537 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
The DiSpirito Team 401-244-8355,
Engel & Volkers Oceanside
Source: StateWide MLS RI,MLS#: 1412342
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Heating
- Natural Gas, Central Air, Forced Air, Space Heater
Cooling
- Central Air, Partial
Appliances
- Included: Electric Water Heater, Oven/Range
- Laundry: In Building, In Unit
Features
- Stairs, Plumbing (PEX), Insulation (Ceiling), Insulation (Walls), Ceiling Fan(s)
- Flooring: Hardwood, Vinyl
- Doors: Storm Door(s)
- Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
- Attic: Attic Stairs
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 5,406
- Total interior livable area: 3,528 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: No Garage
Features
- Stories: 3
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 0.31 Acres
- Features: Corner Lot
Details
- Parcel number: BLACM0001B0000L112
- Zoning: 3FAMC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Shingles
- Foundation: Mixed, Stone
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Hospital, Private School, Recreational Facilities, Restaurants, Schools, Near Shopping
HOA
- Has HOA: No
Location
- Region: Blackstone
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $327,800
- Annual tax amount: $7,476
- Date on market: 5/12/2026
- Inclusions: Refrigerators, In-Unit Washers & Dryers belong to the tenants.
- Total actual rent: 2275
- Tenant pays: Hot Water, Heat
Estimated market value
$591,700
$562,000 - $621,000
$2,453/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $599,900-14.3%$170/sqft |
Source: MLS PIN #73515975 Report a problem | ||
| 5/11/2026 | Listed for sale | $699,900+469%$198/sqft |
Source: MLS PIN #73515975 Report a problem | ||
| 5/8/2020 | Sold | $123,000$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,950 -18.1% | $327,800 -11.5% |
| 2024 | $6,047 +12.9% | $370,300 +11.9% |
| 2023 | $5,356 +7.4% | $331,000 +18.8% |
| 2022 | $4,987 +9.1% | $278,600 +14.1% |
| 2021 | $4,571 +8.1% | $244,200 +8.9% |
| 2020 | $4,230 +10.4% | $224,300 +10.7% |
| 2019 | $3,831 +9.8% | $202,600 +13.2% |
| 2018 | $3,489 +9.1% | $179,000 +7.8% |
| 2017 | $3,199 +1.4% | $166,100 +1.8% |
| 2016 | $3,154 +10.5% | $163,100 +11.3% |
| 2015 | $2,854 +3.4% | $146,500 |
| 2014 | $2,759 -1.4% | $146,500 -5.8% |
| 2013 | $2,797 +10.4% | $155,500 +3.9% |
| 2012 | $2,533 -4.7% | $149,700 -12.6% |
| 2011 | $2,657 -24% | $171,300 -31.1% |
| 2010 | $3,494 -0.2% | $248,700 -11.1% |
| 2009 | $3,502 -1.4% | $279,700 -10.2% |
| 2008 | $3,550 +8% | $311,400 +3.1% |
| 2007 | $3,288 +14.9% | $301,900 +13.5% |
| 2006 | $2,862 +31.5% | $266,000 +37% |
| 2004 | $2,177 +22.4% | $194,200 +36.8% |
| 2003 | $1,778 -5.7% | $142,000 +6.4% |
| 2001 | $1,886 -17.7% | $133,400 -12.9% |
| 2000 | $2,292 | $153,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 01504
Nearby schools
GreatSchools rating
- 5/10Frederick W. Hartnett Middle SchoolGrades: 4-7Distance: 1.6 mi
- 3/10Blackstone Millville RhsGrades: 8-12Distance: 2 mi
- NAAugustine F. Maloney Elementary SchoolGrades: 4-5Distance: 2.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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