Six-Unit Apartment
For Sale
Contact for pricing
1055 Main St, West Warwick, RI 02893
Well-maintained multifamily property with detached garage bays, municipal utilities, and a mix of one- and two-bedroom residences.
Property SizeContact for details
Days on Market143
Property Features for 1055 Main St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
KW Commercial - Rhode Island
Listed By:
Luke Palmer · License #RI REB.0009712
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:40PM
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 KW Commercial - Rhode Island
Investment Insights
Based on property information with market context.
This multifamily property includes six apartment units arranged as three one-bedroom and three two-bedroom residences, along with nine detached garage bays. Units 1 and 2 offer private entrances, while Units 1 and 3 include laundry hookups. The building has received ongoing updates, including a roof replacement in 2019, a 2020 kitchen update in Unit 1, and a recent renovation to Unit 2. A fire alarm system is inspected semi-annually.
The property fronts Main St., Kenyon St., and Youngs Ave., with seven garages behind 1055 Main St. and two on Youngs Ave. Municipal water and sewer serve the building, and the sewer assessment is paid in full. Natural Gas is available with a lateral entering the property, while two heating systems currently use oil. All tenants are on leases, and the landlord pays hot water, sewer, taxes, and insurance for four units.
The property fronts Main St., Kenyon St., and Youngs Ave., with seven garages behind 1055 Main St. and two on Youngs Ave. Municipal water and sewer serve the building, and the sewer assessment is paid in full. Natural Gas is available with a lateral entering the property, while two heating systems currently use oil. All tenants are on leases, and the landlord pays hot water, sewer, taxes, and insurance for four units.
Key Highlights
- Six units: 3 one‑bedroom and 3 two‑bedroom apartments
- Nine detached garage bays; 7 behind 1055 Main St. and 2 on Youngs Ave.
- Property fronts Main St., Kenyon St., and Youngs Ave.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
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Business Placement
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with detached garage bays, municipal utilities, and a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1055 Main St West Warwick, RI.
What are key features of this property?
This property features: Six units: 3 one‑bedroom and 3 two‑bedroom apartments; Nine detached garage bays; 7 behind 1055 Main St. and 2 on Youngs Ave.; Property fronts Main St., Kenyon St., and Youngs Ave.
