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    7 Lanphear St West Warwick, RI 02893

    Pending
    For Sale
    $499,900

    COMMERCIAL - West Warwick, RI

    Type:Apartment
    Lot size:
    0.48 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 11 at 9:06 pm

    Property Features for 7 Lanphear St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Property condition
    Under Construction
    Standard status
    Pending
    Parking
    10
    Lot size
    0.48 Acres

    Building Details

    Year built
    1900
    Building materials
    Brick

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

    Listing agent Robert Rinn (401) 633-5788

    Listing date Nov 6, 2025

    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

    West Warwick Multifamily Investment Opportunity

    This property features six one-bedroom units located in West Warwick. The building has a brick exterior that is in good condition. There are separate electric meters for each unit. The property is connected to town sewer and water. One unit is rent-ready, while three units require light renovations, and two units need total rehabilitation. The lot size is 0.48 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

    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
    -71.533383
    Latitude
    41.723651

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    FAQs

    What type of property is this?
    Apartment building - Six one-bedroom units in West Warwick, some needing renovation.
    Where is this apartment building located?
    The property is located at 7 Lanphear St West Warwick, RI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Six 1-bedroom units offer strong investment potential; - Brick exterior is in good condition; - Separate electric for each unit
    (401) 633-5788
    Request Owner's contact information
    7 Lanphear St West Warwick, RI 02893
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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
    7 Lanphear St West Warwick, RI 02893
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