Warren Multifamily Investment
For Sale
Contact for pricing
Pending
130 Water Street, Warren, RI 02885
Legal 8-unit multifamily property with strong NOI and low expenses.
Property SizeContact for details
Days on Market183
Property Features for 130 Water Street
General Information
Standard status
Pending
Class
B
Property subtype
Office, Land, Multifamily
Zoning
VB
Investment Type
Owner/User
Net Operating Income
$129,281
Building Details
Year Built
1900
Year Renovated
2025
Buildings
1
Stories
3
Units
8
Tenancy
Multi
Listing Agency:
Elite Commercial Realty
(401) 479-6233
Listed By:
Robert Fox · License #RES.0045429
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 8 at 2:48PM
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 Elite Commercial Realty
Investment Insights
Based on property information with market context.
This legal 8-unit multifamily property is located in Warren and presents an investment opportunity with a strong Net Operating Income (NOI) and low expenses. The property has been fully updated and features separate utilities serving up to 10 units. One legal unit is currently vacant, providing an opportunity for a new owner to place their own tenant. All units are occupied by Section 8 tenants. The seller has replaced almost all appliances, meters, and sprinklers, and fully renovated the units. There is additional space on the 2nd floor that offers expansion opportunities for some existing units. The attic may not be converted into an additional unit and must remain as storage or be used as an extension of the 8th unit.
Key Highlights
- Legal 8‑unit multifamily with strong Net Operating Income (NOI) and low expenses.
- Fully updated property with renovated units and replaced appliances, meters, and sprinklers.
- Separate utilities serving up to 10 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Legal 8-unit multifamily property with strong NOI and low expenses.
Where is this apartment building located?
The property is located at 130 Water Street Warren, RI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Legal 8‑unit multifamily with strong Net Operating Income (NOI) and low expenses.; Fully updated property with renovated units and replaced appliances, meters, and sprinklers.; Separate utilities serving up to 10 units.
