INNOVATE
Real Estate
No photos available for this listing

$1,499,900

27 21 25 Pike Street
West Warwick, RI 02893
Listed by Cindy Croteau
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1952

About this home

Exceptional Multi-Building Investment Opportunity. Whether you're expanding your portfolio or seeking a versatile mixed-use investment, 21–27 Pike Street offers instant, strong cash flow, multiple income streams, and additional value-add potential in one unique package. Property featuring 7 occupied residential units and 1 commercial unit across three separate buildings. The property consists of one two-family building with up-and-down units; one duplex with two residential units; one mixed-use building featuring 3 residential units, 1 commercial storefront (formerly operated as a bakery), and additional finished space with the potential to be converted into another rental unit, subject to buyer due diligence and approvals. All residential units are currently occupied, providing immediate rental income. The commercial space is vacant, creating an excellent opportunity for an owner-user, investor, or business tenant to maximize returns. The additional finished space presents further upside for those seeking to increase the property's revenue potential.

Property details

MLS #
1413797
Property type
Commercial
Subdivision
Lippitt
Status
Active
Days on market
10
On market date
N/A
Stories
2
Garage spaces
N/A
Lot size
0.327 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
John F. Horgan School
0.28 mi away · Grades 0-4
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
481
Student:teacher ratio
14.1:1
District
West Warwick
Middle
John F. Deering Middle
0.5 mi away · Grades 5-8
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
1,087
Student:teacher ratio
12.5:1
District
West Warwick
High
West Warwick High School
0.5 mi away · Grades 9-12
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
1,044
Student:teacher ratio
13.4:1
District
West Warwick

Mortgage calculator

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Est. monthly payment
$9,183/mo
$299,980 down
$1,199,920 loan
Principal & interest$7,783
Property tax (est.)$1,250
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 12, 2026.

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.