130 Water Street, Warren, RI 02885

Building Details

Year Built

1900

Listing office NAI Advisors r***@naiadvisors.com Show Phone

Listing date Feb 10, 2026

Source Liongatere

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Overview

This legal 8-unit multifamily property is located in Warren and features a strong Net Operating Income (NOI) and very low expenses. The property has been fully updated and includes 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. The attic must remain as storage or be used as an extension of the 8th unit and may not be converted to an additional unit. There is additional space on the 2nd floor for expansion opportunities on some existing units. All units are occupied by Section 8 tenants. The seller has replaced almost all appliances, meters, and sprinklers, and has fully renovated the units.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Warren

County

Bristol

State

Rhode Island

Longitude

-71.2851775

Latitude

41.7328716

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FAQs

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 property.; Strong Net Operating Income (NOI) and very low expenses.; Fully updated property with renovated units.