Multi Family at 207 Welfare Avenue, Warwick
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25 photos

$490,000

207 Welfare Avenue
Warwick, RI 02888
Listed by Sara Furtado
Bedrooms
6
Bathrooms
2
Living area
N/A
Year built
1925

About this home

Tons of potential in this two-family home tucked into a quiet residential Warwick neighborhood! Each unit offers spacious 3-bedroom layouts, ideal for owner-occupants looking to offset their mortgage or investors seeking strong rental income. Set on an oversized double lot, this property boasts a huge, private yard, perfect for outdoor entertaining, gardening, or simply enjoying the space. A paved driveway provides ample off-street parking for both units. Each unit is separately metered for electric and equipped with its own furnace, giving tenants control over their utilities and simplifying management for owners. A full basement with laundry hookups adds valuable storage and convenience, while the walk-up attic offers even more potential. With room to make it your own, this is a fantastic opportunity to build equity in a desirable Warwick location close to shopping, dining, and major routes. Second floor was not available for pictures but can be viewed at scheduled showings. *Offers if any are due Mon 8/23 by 6PM, please see offer instructions.

Property details

MLS #
1420921
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
3
On market date
August 20, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
6
Lot size
0.29 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Norwood School
0.14 mi away · Grades 0-5
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
253
Student:teacher ratio
11.0:1
District
Warwick
Middle
Park View Middle School
1.68 mi away · Grades 6-8
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
680
Student:teacher ratio
11.9:1
District
Cranston
High
Pilgrim High School
0.73 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
1,176
Student:teacher ratio
10.9:1
District
Warwick

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).

85
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Nearby-amenity density
90 / 100
Restaurants & cafes20
Grocery stores2
Parks7
Schools7
Transit stops20
Pharmacies3

Market position

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

On the market 3 days -- 38 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.

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Est. monthly payment
$3,101/mo
$98,000 down
$392,000 loan
Principal & interest$2,543
Property tax (est.)$408
Home insurance (est.)$150

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