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Six-Unit Apartment Building
New
For Sale
$575,000

7 Lanphear Street, West Warwick, RI 02893

Vacant apartment property with one-bedroom units and separate electric service.

Property SizeContact for details
Days on Market3

Property Features for 7 Lanphear Street

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Building Details

Year Built 1900
Buildings 1
Listing Agency: Harborside Realty
Listed By: Cody Sequino · License #36934
Source: Onshorerealtors
Added: Sep 6 Last Checked: Sep 8 at 4:04AM

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 Harborside Realty

Investment Insights

Based on property information with market context.

Built in 1900, this six-unit apartment building contains six one-bedroom residences. Each unit has its own electric service, providing a distinct utility arrangement across the property. The building is currently unoccupied and positioned for renovation work.

Original architectural details and character remain, adding existing period elements to the improvement scope. Located at 7 Lanphear Street in West Warwick, Rhode Island, the property offers a defined multifamily configuration with six residential units in one building.

Key Highlights

  • Six one‑bedroom apartment units
  • Separate electric service for each unit
  • Currently vacant

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Nail Salon HVAC Service Building Supply

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant apartment property with one-bedroom units and separate electric service.
Where is this apartment building located?
The property is located at 7 Lanphear Street West Warwick, RI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Six one‑bedroom apartment units; Separate electric service for each unit; Currently vacant
More about this property
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