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    Five-Unit Multifamily with Two Buildings
    Updated: Jun 13
    Five-Unit Multifamily with Two Buildings

    126 Main Street, Warren, RI 02885

    $945,000
    5,706 sqft 0.14 AC lot
    5‑unit multi‑family property in Warren, RI, built in 1920
    Two separate buildings: front building with 3 units (including an owner‑occupied unit and 2 rentals)
    Rear building has 2 additional units
    4 bathrooms and 11 bedrooms total, with individual unit bedroom counts listed on the record
    Bus line to Providence and Newport is 150 feet from the property
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    This listing looks promising.

    Here's a quick look at some key insights for

    126 Main Street, Warren, RI 02885

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $87K
      Annual

    • Price @ 7% Cap

      $1.24M
      Above asking

    • Property Type

      Residential Income
      Built 1920
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    Warren RI Multi-Family Investment
    Updated: May 15
    Warren RI Multi-Family Investment

    126 Main Street, Warren, RI 02885

    $945,000
    5,706 sqft
    Well‑located 5‑unit property near downtown Warren and the historic Water Street district.
    Strong and flexible income setup with two separate buildings.
    Spacious owner‑occupied unit in the front building.
    Solid rental history, attractive for investors and owner‑occupants.
    Close proximity to restaurants, East Bay Bike Path, and public transportation.
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    Historic Warren Multifamily Investment Opportunity
    Historic Warren Multifamily Investment Opportunity

    21 Federal, Warren, RI 02885

    $1,250,000
    4,154 sqft 0.80 AC lot

    Six-unit historic mansion in Warren's Waterfront Historic District.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Warren, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Hall Street Multifamily Investment Opportunity
    Hall Street Multifamily Investment Opportunity

    24-28 Hall St, Fall River, MA 02724

    $879,900
    5,973 sqft

    Value-add multifamily property in a rapidly growing rental market.

    View details
    Fall River Multifamily Renovation Project
    Fall River Multifamily Renovation Project

    76 Globe St, Fall River, MA 02724

    $485,900
    6,273 sqft 0.28 AC lot

    Six-unit multifamily property in Fall River with renovation potential.

    View details
    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    32 Main Road, Tiverton, RI 02878

    $1,100,000
    12,133 sqft

    Three buildings with 13 rentable units, below-market rents.

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    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    32 Main Rd, Tiverton, RI 02878

    $1,100,000
    11,841 sqft

    Three buildings with 13 rentable units, offering income potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Warren, RI Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Warren, RI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 21,272 square feet of properties for sale, with an estimated market value of $4,085,000.

    Sale prices for two-family homes in Warren, RI start at $945,000, averaging $1,021,250, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 11K
    Population Growth (5Y) +6.4%
    Median Household Income $89,722
    College Educated 49.6%

    High-Yield Neighborhoods for Investment

    Identify Warren submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02885 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.37%
    Property Tax per SF $14.18 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

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