$740,000
$750,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
15 Thompson ST Warren, RI 02885
5 Beds
5 Baths
4,220 SqFt
Key Details
Sold Price $740,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,220 sqft
Price per Sqft $175
MLS Listing ID 1382522
Sold Date 06/30/25
Bedrooms 5
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 4,220
Year Built 1900
Annual Tax Amount $4,629
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Multi Family
Property Description
Fantastic turnkey investment property in the heart of historic Warren, RI in an Opportunity Zone! This meticulously maintained 5-unit apartment building features five fully-applianced, 1-bedroom units with individual electric meters and tenant-paid heat keeping owner expenses low. Ideally located just steps from downtown Warren, tenants enjoy boutique shops, award-winning restaurants, waterfront parks, and the popular East Bay Bike Path. Connected to city water/sewer and featuring durable vinyl siding, the property offers ample off-street and on-street parking on a quiet dead-end street. Rents are currently below market, providing significant upside potential for increased cash flow. A savvy owner can maximize income with three additional finished bonus rooms upstairs perfect as rentable office spaces, storage units, or even a shared workspace for additional revenue. Consider leveraging a DSCR loan to qualify based on the property's income rather than personal finances. An exceptional asset for investors or owner-occupants don't miss out!
Location
State RI
County Bristol
Zoning R6
Rooms
Basement Full, Unfinished
Interior
Interior Features Stall Shower
Heating Baseboard, Gas, Hot Water
Cooling None
Flooring Carpet, Ceramic Tile, Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Water Heater, Oven, Range, Refrigerator, Water Heater
Exterior
Exterior Feature Balcony, Deck, Paved Driveway
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Utilities Available Sewer Connected
Waterfront Description Walk to Water
Porch Balcony, Deck
Total Parking Spaces 4
Garage No
Building
Lot Description Cul-De-Sac
Foundation Concrete Perimeter
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Drywall,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 15THOMPSONSTWARN
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Bought with Cameron Prestige, LLC
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