Two-Unit Duplex with
1005 West Shore Road, Warwick, RI 02889
For Sale
New
$439,900
Residential Income, Warwick, RI
Property Size1,456 SF
Lot Size0.15 Acres
Price / SF$302.13
Days on Market6
Property Features for 1005 West Shore Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Basement
Appliances
Subdivision
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
updated deck
laundry in the basement
large yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Shannon Krasnowiecki · License #RES.0043227
(401) 487-2936
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 7 at 2:06AM
MLS# 1427536
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.
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Investment Insights
Based on property information with market context.
This 1925 duplex contains two apartments totaling 1,456 square feet on a 0.15-acre corner parcel. The first-floor residence has two bedrooms and one full bathroom; the upper unit has one bedroom, an updated bathroom, and potential for a second bedroom. An updated deck extends from the upper living room. The property also includes a basement with laundry, a bulkhead, and separate heating systems. A one-year-old roof and a large yard round out the improvements.
Parking includes a one-vehicle garage and two driveways with space for four additional vehicles. The property is at 1005 West Shore Road in Warwick, with the waterfront described as a short walk away.
Parking includes a one-vehicle garage and two driveways with space for four additional vehicles. The property is at 1005 West Shore Road in Warwick, with the waterfront described as a short walk away.
Key Highlights
- Two‑unit duplex with 1,456 square feet on a 0.15‑acre corner lot
- Built in 1925; roof is one year old
- First‑floor unit has 2 bedrooms and 1 full bath; second‑floor unit has 1 bedroom and potential for another
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,156
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,120
$423.1K
Cap Rate 7%
$302,229
$302.2K
Cap Rate 9%
$235,067
$235.1K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$32.3K $22.20/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$30.2K $20.76/SF
− OpEx
−$9.1K −$6.23/SF
NOI
$21.2K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,120
Cap Rate 7%
$302,229
Cap Rate 9%
$235,067
Alternative Uses
Best Use
Multifamily LT 5
$302.2K
$264.5K – $352.6K
NOI $21,156 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$277.6K
$242.9K – $323.9K
NOI $19,435 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$364.7K
$319.1K – $425.5K
NOI $25,527 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
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Business Placement
Demographics for 02889, RI
28,277
Population
11,947
Households
2.4
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
3,327
Density / Sq Mi
$85,617
Median Household Income
$50,988
Median Earnings
$1,216
Median Rent
$299,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Kent County, RI
Properties on Market for Duplexes in Kent County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate heating systems, basement laundry, and multiple parking options support the property’s two-unit configuration.
Where is this duplex located?
The property is located at 1005 West Shore Road Warwick, RI.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,456 square feet on a 0.15‑acre corner lot; Built in 1925; roof is one year old; First‑floor unit has 2 bedrooms and 1 full bath; second‑floor unit has 1 bedroom and potential for another
