Prime Multifamily Opportunity in Warren's Historic Waterfront District! Welcome to 135 Water St., located in the highly desirable Village Business district of Warren, RI. This multifamily property is situated in the heart of the vibrant historic waterfront area, steps from boutique shops, renowned restaurants, art galleries, and the East Bay Bike Path. The property features two well-appointed units. The first-floor unit offers 2 bedrooms, 1 bathroom, in-unit laundry, and an updated kitchen. The second-floor unit includes 3 bedrooms, 1 bathroom, in-unit laundry, and original pine hardwood floors, adding a touch of timeless character. Additional highlights include vinyl siding, replacement windows, and a private yard for outdoor enjoyment. A finished basement provides bonus space, while the unfinished attic offers potential for expansion or additional income opportunities. Whether you're looking for an owner-occupied investment or a valuable addition to your portfolio, this property delivers versatility and charm in an unbeatable location. Don't miss this chance to own a piece of Warren's history with modern conveniences. Schedule your private showing today!
Exciting Opportunity to Invest in a Turnkey 5-Family Gem. This unique property consists of two buildings on one lot, offering a total of five apartments. The first building features three apartments, each with three bedrooms. The second building is a two-family property with two bedrooms in each apartment. All apartments have been meticulously updated from top to bottom, boasting beautiful hardwood floors, bright finishes, updated electrical, windows, plumbing, and more. Additionally, each apartment has certificate of lead conformance. One of the key highlights of this property is that all utilities are separated, providing convenience and ease of management. Furthermore, each apartment home is equipped with washer/dryer hookups in the basement. The property also includes a massive 2-car garage and workshop, offering the potential to increase rental income. The attic space in the garage presents an opportunity for further expansion, with limitless possibilities. In addition to these features, the property offers off-street parking and the apartments are currently rented below market price, presenting a great opportunity for increased revenue. This property presents a remarkable opportunity and is primed for the ideal investor.
Duplex is Downtown Warren with 4 bedrooms in each apartment! The house brings in just over $5,000 in monthly rent! Each Unit has its own driveway and its own Basement. Walk to restaurants. One unit was newly renovated and is Currently empty, the new Renter is supposed to move in before the end of the month. The other unit is rented and was renovated around 5 years ago. Call today!
The median home value in Warren, RI is $495,000. This is lower than the county median home value of $514,700. The national median home value is $338,100. The average price of homes sold in Warren, RI is $495,000. Approximately 52.98% of Warren homes are owned, compared to 38.29% rented, while 8.73% are vacant. Warren real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Warren real estate agent to arrange a tour today!
Warren, Rhode Island has a population of 11,166. Warren is less family-centric than the surrounding county with 21.06% of the households containing married families with children. The county average for households married with children is 33.25%.
The median household income in Warren, Rhode Island is $75,755. The median household income for the surrounding county is $95,102 compared to the national median of $69,021. The median age of people living in Warren is 47.6 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 48 inches per year, with 33.1 inches of snow per year.