Multi Family at 54 Blackburn Street, Warwick

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33 photos

$549,900

54 Blackburn Street

Warwick, RI 02886

Listed by Michael Murphy

Bedrooms

Bathrooms

Living area

N/A

Year built

1910

About this home

Great opportunity for an owner occupied buyer to build long term value with this well-maintained multi-family property located right in central Warwick. For investors this property sits on an oversized lot and could potentially be suitable for an ADU to bring in even more cash flow. Buyers to do their own due diligence. The home consists of three separate units, offering flexible options for steady rental income or an owner-occupant setup. There is one 2 bedroom townhouse style unit with 2 full bathrooms. And two 1 bedroom units up and down. Solid long standing tenants in place. Situated centrally in Warwick, close to local shops, dining, and everyday conveniences.Minutes away from Interstate 95 and local transit options, making travel easy. A smart addition to any real estate portfolio with strong rental demand in Kent County.

Property details

MLS #: 1421614
Property type: Multi Family
Subdivision: City Centre
Status: Active
Days on market: 5
On market date: August 26, 2026
Stories: N/A
Total bathrooms: 4
Garage spaces: N/A
Parking spaces: 4
Lot size: 0.23 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary

Greenwood School

1.51 mi away · Grades 0-5

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: 279
Student:teacher ratio: 16.4:1
District: Warwick

Middle

Warwick Veterans Middle School

2.53 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: 1,160
Student:teacher ratio: 12.3:1
District: Warwick

HighCharter

NEL/CPS Construction Career

1.08 mi away · Grades 9-12

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: 173
Student:teacher ratio: 11.5:1
District: Cranston

Walkability

Blended score for 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).

Walkable

out of 100

EPA National Walkability Index

15.0 / 20 -- Above average walkable

Nearby-amenity density

85 / 100

Restaurants & cafes20

Grocery stores3

Parks1

Schools5

Transit stops20

Pharmacies2

Market position

How this listing compares to current activity in Warwick, from live MLS data.

On the market 5 days -- 36 fewer days than Warwick's current average of 41 days.

For reference, the median list price across 485 active listings in Warwick right now is $444,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

Property tax

% / yr

Home insurance

/mo

Est. monthly payment

$3,462/mo

$109,980 down

$439,920 loan

Principal & interest$2,853

Property tax (est.)$458

Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 24 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.