Seven-Unit Apartment Building with
For Sale
Contact for pricing
Pending
1159 West Shore Rd, Warwick, RI 02889
Leased residential units feature kitchens, living areas, and full bathrooms, plus a separately rented garage unit.
Property SizeContact for details
Days on Market142
Property Features for 1159 West Shore Rd
General Information
Standard status
Pending
Property subtype
Special Purpose, Land
Occupancy
100%
Financials
Cap Rate
8%
Gross Income
$84,000
Units
Unit Mix
2 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
7
Building Details
Tenancy
Multi
Listing Agency:
Century 21 The Seyboth Team
(508) 726-3492
Listed By:
Kyle Seyboth · License #RI, MA
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 The Seyboth Team
Investment Insights
Based on property information with market context.
This apartment property contains seven residential units, each arranged with one full bathroom, a kitchen, and a living area. Two apartments have two bedrooms, while the other five are one-bedroom units. All seven residences are leased, and tenants are current on rent. A separate garage unit is also rented to a landscaping operator.
Property improvements include a new rubber roof. The offering is reported at an 8% cap rate, with the residential leases and garage tenancy contributing to the property’s income profile. The property is located at 1159 West Shore Rd in Warwick, Rhode Island.
Property improvements include a new rubber roof. The offering is reported at an 8% cap rate, with the residential leases and garage tenancy contributing to the property’s income profile. The property is located at 1159 West Shore Rd in Warwick, Rhode Island.
Key Highlights
- Seven residential apartments, including two two‑bedroom units and five one‑bedroom units
- Each apartment includes one full bathroom, a kitchen, and a living area
- All 7 residential units are leased with tenants current on rent
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Leased residential units feature kitchens, living areas, and full bathrooms, plus a separately rented garage unit.
Where is this apartment building located?
The property is located at 1159 West Shore Rd Warwick, RI.
What are key features of this property?
This property features: Seven residential apartments, including two two‑bedroom units and five one‑bedroom units; Each apartment includes one full bathroom, a kitchen, and a living area; All 7 residential units are leased with tenants current on rent
