Warren Multifamily Investment
130 Water Street, Warren, RI 02885
For Sale
Contact for pricing
Pending
Legal 8-unit multifamily property with strong NOI and low expenses.
Property SizeContact for details
Days on Market276
Property Features for 130 Water Street
General Information
Standard status
Class
Property subtype
Zoning
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Elite Commercial Realty
Listed By:
Robert Fox · License RI RES.0045429
(401) 479-6233
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
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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
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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.
