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Five-Unit Multifamily Property
For Sale
$895,000

126 Main Street, Warren, RI 02885

Commercial/Business,Commercial Sale, Warren, RI

Property Size5,706 SF
Lot Size0.14 Acres
Price / SF$156.85
Days on Market118

Property Features for 126 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R6
Rooms Basement
Parking 4
Basement Full
Subdivision North End Warren
Lot features Paved, Downtown
Standard status Active
Size 5,706 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11084

Utilities

Cooling system Central Air

Building Details

Year built 1920
Number of units 2
Building materials Frame
Listing Agency: Re/Max River's Edge - Bristol · RE/MAX International
Listed By: Debra Jobin · License #132868
Added: Apr 28 Changed: Aug 23 Last Checked: Aug 23 at 4:06PM
MLS# 1410423

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.

Investment Insights

Based on property information with market context.

This multifamily property comprises two separate frame buildings with five units in total. The 5,706-square-foot asset was built in 1920 and includes central air and a basement. The front structure contains three units, including an owner-occupied residence and two rental units; the rear structure adds two more units. The property is situated on 0.144 acres and carries R6 zoning.

The property is located at 126 Main Street in Warren, with downtown and the historic Water Street district within an approximately 10-minute walk. Restaurants, the East Bay Bike Path, and public transportation are nearby. A bus line serving Providence and Newport is located 150 feet from the property.

Key Highlights

  • Five units across two separate buildings
  • 5,706 square feet on 0.144 acres
  • Front building contains three units; rear building contains two

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.

Lease Details

5
Residential units

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Two separate buildings include both owner-occupied and rental units.
Where is this apartment building located?
The property is located at 126 Main Street 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: Five units across two separate buildings; 5,706 square feet on 0.144 acres; Front building contains three units; rear building contains two
More about this property
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