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Multi Family at 77 Water Street, Warren
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$895,000

77 Water Street
Warren, RI 02885
Listed by Paula Silva
Bedrooms
6
Bathrooms
4
Living area
N/A
Year built
1780

About this home

A rare offering in a neighborhood that rarely offers this kind of opportunity. The Shubael Mason House, a c.1780 four-unit multifamily property set in the Waterfront Historic District and National Register district. Just a block from the water and steps to Warren's unique independent shops, restaurants, galleries and cafe’s. This property is surrounded by restored historic properties on one of the district's most walkable, character-rich streets and one of the coolest towns in the state. Four generously sized units, each with their own deck or porch for owner-occupants and investors alike. Each unit pays their own utilities an upside for any new owner. A classic New England Colonial with great bones, abutts the restored American Tourister Mill building and the public waterfront walkway making this an ideal property for a thoughtful, market-savvy refresh. Currently and always easily occupied with immediate rental income in place, a compelling value-add story: an incoming owner has a clear path to build income while preserving the architectural integrity that makes this address so special. This location is also near the Eastbay Bikepath, Bus stop and only a 15 min drive to Prov, 25min to the airport or New Bedford Ferries and the Cape, making it a great jumping off point for commuters. Note; No flood insurance required

Highlights

Fireplace

Property details

MLS #
1421425
Property type
Multi Family
Subdivision
Historic Waterfront District
Status
Active
Days on market
16
On market date
August 26, 2026
Stories
2
Total bathrooms
4
Garage spaces
N/A
Parking spaces
4
Lot size
0.14 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Nayatt School
1.1 mi away · Grades 0-3
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
353
Student:teacher ratio
15.3:1
District
Barrington
Middle
Kickemuit Middle School
1.4 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
684
Student:teacher ratio
12.7:1
District
Bristol Warren
HighCharter
Highlander Secondary Charter S
1.01 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
346
Student:teacher ratio
10.5:1
District
Highlander

Walkability

Blended score for Warren's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

95
Highly walkable
out of 100
EPA National Walkability Index
18.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks12
Schools7
Transit stops20
Pharmacies2

Mortgage calculator

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Est. monthly payment
$5,540/mo
$179,000 down
$716,000 loan
Principal & interest$4,644
Property tax (est.)$746
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 23 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.