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    106 Palace Ave Warwick, RI 02886

    Under Contract
    For Sale
    $425,000

    Multi Family - Warwick, RI

    Type:Multi Family
    Property size:
    1,536 SF
    Lot size:
    0.18 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 106 Palace Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active Under Contract
    Zoning
    A7
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking
    6
    Interior features
    Wall (plaster), Attic, Plumbing (copper), Insulation (ceiling), Insulation (walls)
    Exterior features
    Paved Driveway
    Appliances
    Dryer, Range, Refrigerator
    Size
    1,536 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1963
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Plaster
    Architectural style
    Other

    Keller Williams Realty of Newport / East Bay / North Kingstown (401) 845-9200 [email protected]

    Listing agent Alpern & Mesenbourg Group (401) 845-9200

    Listing date Nov 7, 2025

    MLS# 1399217 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warwick Two-Family Home with Updates

    Located in Warwick’s Greenwood neighborhood, this well-maintained two-family home presents an opportunity for investors or homeowners. Each unit features 2 bedrooms, 1 bathroom, a kitchen, and a living room. The property has been freshly painted and includes updated bathrooms. Both units are equipped with new electric baseboard heating, new electric water heaters, and in-unit washer/dryer. Central air conditioning is available for cooling, and triple-pane insulated windows provide insulation. The property includes a spacious backyard suitable for entertaining and a two-car attached garage. The property is located minutes from Post Road, T.F. Green Airport, and major commuter routes, with convenient access to shopping and dining. The lot size is 0.18 acres and the property size is 1536 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.440631
    Latitude
    41.714979

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home in Warwick's Greenwood neighborhood.
    Where is this duplex located?
    The property is located at 106 Palace Ave Warwick, RI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Two-family home ideal for investors or owner-occupants seeking rental income.; - Each unit features 2 bedrooms, 1 bathroom, kitchen, living room, and in-unit washer/dryer.; - **Updated bathrooms, new electric baseboard heating, and new electric water heaters in both units.**
    (401) 845-9200
    Request Owner's contact information
    106 Palace Ave Warwick, RI 02886
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    Warwick, RI 02886
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 Palace Ave Warwick, RI 02886
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