$815,000
About this home
Fully occupied, lead-certified four-unit investment property generating approximately $7,700 per month ($92,400 annually) in gross rental income. All four units feature 2 bedrooms and 1 bathroom, offering a strong and consistent unit mix with established in-place income. Designed for efficient ownership, tenants are responsible for their own heating expenses, while minimal common areas maximize rentable square footage. Significant recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows, helping reduce near-term capital needs. The property is also equipped with a recently tested and certified commercial fire alarm system. Heating systems include a combination of forced hot air and boiler heat. Set on a large lot with ample off-street parking, this property offers an attractive combination of strong current income, low-maintenance ownership and long-term upside. Conveniently located near shopping, dining, highways and area amenities, with continued investment and development occurring nearby. A turnkey opportunity to acquire a stabilized four-unit asset with strong cash flow and substantial improvements already completed.
Property details
- MLS #
- 1416180
- Property type
- Multi Family
- Subdivision
- West Warwick
- Status
- Active
- Days on market
- 81
- On market date
- June 25, 2026
- Stories
- 2
- Total bathrooms
- 4
- Garage spaces
- N/A
- Parking spaces
- 8
- Lot size
- 0.4 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 481
- Student:teacher ratio
- 14.1:1
- District
- West Warwick
- Enrollment
- 1,087
- Student:teacher ratio
- 12.5:1
- District
- West Warwick
- Enrollment
- 1,044
- Student:teacher ratio
- 13.4:1
- District
- West Warwick
Walkability
Blended score for West Warwick's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in West Warwick, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 11 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.