18 West Street West Warwick, RI 02893
MULTI_FAMILY - West Warwick, RI
Property Features for 18 West Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 7, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 2, Basement, Bedroom 8, Bathroom 3, Bedroom 1
- Parking
- 10
- Parking features
- Garage
- Interior features
- Wall (Cermaic), Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
- Basement
- Full, Unfinished
- Appliances
- Oven/Range, Refrigerator
- Standard status
- Pending
- Size
- 3,146 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5677
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas, Central
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Marble, Tile - Ceramic, Laminate, Vinyl
- Building materials
- Ceramic, Dry Wall, Paneled, Plaster, Vinyl Siding
Listing agent Jennifer Hyland (401) 465-0417
Listing office Ri Real Estate Services 631 Main Street, East Greenwich, RI (401) 885-5400
Listing date May 26, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The property sits on a 0.58-acre lot at 18 West Street in West Warwick, Rhode Island. The listing notes the lot is “huge” and may be buildable. It previously received approval for a single-family dwelling several years ago, but that approval has since expired.
From an owner-occupant or investor standpoint, this is a straightforward residential income asset with an opportunity to reconsider the site after reviewing the expired approval and current buildability options. The sale is described as cash-only or without private financing, and the property is explicitly presented as-is. Prospective buyers should verify all redevelopment possibilities, including any requirements for permitting and whether any new approvals would be needed for additional construction.
Key Highlights
- 3‑family home built in 1920 with public sewer service
- Huge lot may be buildable; previously approved for a single‑family dwelling (approval has since expired)
- Central natural gas heating with baseboard heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $22.20 |
| − Vacancy | −$4.5k | −$1.44 |
| EGI | $65.3k | $20.76 |
| − OpEx | −$19.6k | −$6.23 |
| NOI | $45.7k | $14.53 |
