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    656 Providence St West Warwick, RI 02893

    Sponsored
    For Sale
    $974,900

    COMMERCIAL - West Warwick, RI

    Lot size:
    0.07 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 10 at 10:06 am

    Property Features for 656 Providence St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    8
    Lot size
    0.07 Acres

    Building Details

    Year built
    1935
    Number of units
    1

    Davelen, Inc., dba RE/MAX Professionals (401) 884-6050 [email protected]

    Listing agent Robert Rinn (401) 633-5788

    Listing date Jan 6, 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.

    Overview

    West Warwick Multifamily Investment Opportunity

    This offering includes eight residential rental units, comprising four 2-bedroom units, two 1-bedroom units, and two 3-bedroom units. The properties are located on separate parcels and are being offered as a package deal: 656 Providence Street (6 units) and 1 Penta (2 units). The building totals 3,444 square feet. The property has a strong rental history and was recently converted to residential use. Currently, 4 units are rented, generating $4,400 in monthly income. The remaining two units are vacant following renovations, with a projected rental income of $2,700. The total potential monthly rental income is $7,100. Utilities are completely separated. The property is situated on a lot of 0.07 acres in West Warwick, Rhode Island.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.492588
    Latitude
    41.718397

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    FAQs

    What type of property is this?
    Multifamily property - Eight residential units in West Warwick with strong rental history.
    Where is this multifamily property located?
    The property is located at 656 Providence St West Warwick, RI.
    What is the asking price?
    The asking price for this property is $974,900.
    What are key features of this property?
    This property features: - Package deal: Includes two properties on separate parcels.; - Strong income potential: Current rental income of $4,400 with a projected total of $7,100.; - Recent residential conversion.
    (401) 633-5788
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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
    656 Providence St West Warwick, RI 02893
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