Side-by-Side
For Sale
$469,900
14 South Atlantic Ave, Warwick, RI 02888
Two residential units offer updated kitchens, electrical systems, enclosed porches, and separate private driveways.
Property Size3,084 SF
Price / SF$152.37
Days on Market52
Property Features for 14 South Atlantic Ave
General Information
Standard status
Active
Size
3,084 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
enclosed entrance porches
Building Details
Year Built
1950
Listing Agency:
Keller Williams Coastal
Listed By:
Jeff St. Germain · License #REB.0019306
(401) 226-2148
Source:
Alpernandmesenbourg
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 7 at 1:03PM
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 Keller Williams Coastal
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Investment Insights
Based on property information with market context.
Located at 14 South Atlantic Avenue in Warwick, this 1950 duplex contains two side-by-side residential units, each with one bedroom, one full bath, and a kitchen. Both units also include enclosed entrance porches and separate private driveways. Kitchen and electrical updates were completed within the past four years.
The property is within the Pawtuxet Village Historic District, near the village’s restaurants, shops, and waterfront. The location also provides access to highways, hospitals, and T.F. Green International Airport.
The property is within the Pawtuxet Village Historic District, near the village’s restaurants, shops, and waterfront. The location also provides access to highways, hospitals, and T.F. Green International Airport.
Key Highlights
- Side‑by‑side duplex with one bedroom and one full bath in each unit
- Kitchens and electrical systems updated within the past four years
- Enclosed entrance porches serve both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,166
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,320
$823.3K
Cap Rate 7%
$588,086
$588.1K
Cap Rate 9%
$457,400
$457.4K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$80.3K $26.04/SF
− Vacancy
−$5.5K −$1.77/SF
EGI
$74.8K $24.27/SF
− OpEx
−$33.7K −$10.92/SF
NOI
$41.2K $13.35/SF
Area
Kent County, RI
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,320
Cap Rate 7%
$588,086
Cap Rate 9%
$457,400
Alternative Uses
Best Use
Multifamily LT 5
$640.1K
$560.1K – $746.8K
NOI $44,810 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$588.1K
$514.6K – $686.1K
NOI $41,166 @ 7.0% cap · market cap 8.76%
Theoretical Best
Specialty Retail
$772.4K
$675.9K – $901.2K
NOI $54,069 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 02888, RI
19,578
Population
9,117
Households
2.1
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
5.9 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$55,561
Median Earnings
$1,218
Median Rent
$318,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated kitchens, electrical systems, enclosed porches, and separate private driveways.
Where is this duplex located?
The property is located at 14 South Atlantic Ave Warwick, RI.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Side‑by‑side duplex with one bedroom and one full bath in each unit; Kitchens and electrical systems updated within the past four years; Enclosed entrance porches serve both units
