Search
Warren RI Multi-Family Investment
For Sale
$895,000

126 Main Street Warren, Warren, RI 02885

Five-unit property near downtown Warren and historic Water Street.

Property Size5,706 SF
Price / SF$156.85
Days on Market106

Property Features for 126 Main Street Warren

General Information

Standard status Active
Size 5,706 SF
Total Parking Spaces 4
Zoning R6

Taxes and HOA fees

Annual Taxes $11,084

Building Details

Building Size 5,706 SF
Year Built 1920
Buildings 2
Listing Agency:
Listed By: Crystal Silva
Source: Milestonerealtyinc
Added: May 15 Changed: Aug 28 Last Checked: Aug 28 at 7:12AM

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 Crystal Silva

Investment Insights

Based on property information with market context.

This five-unit multi-family property in Warren, Rhode Island, consists of two separate buildings. It is located within walking distance of downtown Warren and the historic Water Street district, offering proximity to restaurants and the East Bay Bike Path. Public transportation is conveniently accessible, with a bus line to Providence and Newport located 150 feet from the property. The front building contains three units, including a spacious owner-occupied unit and two rental units. The rear building houses the remaining two units, creating a flexible income setup. The property's location provides easy access to downtown amenities. The property has a solid rental history, making it an investment opportunity for investors and owner-occupants. The property size is 5706 square feet.

Key Highlights

  • Well‑located 5‑unit property near downtown Warren and the historic Water Street district.
  • Strong and flexible income setup with two separate buildings.
  • Spacious owner‑occupied unit in the front building.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Garden Center Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

583
Businesses Nearby

Demographics for 02885, RI

11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit property near downtown Warren and historic Water Street.
Where is this apartment building located?
The property is located at 126 Main Street Warren Warren, RI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Well‑located 5‑unit property near downtown Warren and the historic Water Street district.; Strong and flexible income setup with two separate buildings.; Spacious owner‑occupied unit in the front building.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message