West Warwick Multi-Family
18 West Street, West Warwick, RI 02893
New
MULTI_FAMILY - West Warwick, RI
Type:Apartment
Property size:
3,146 SFLot size:
0.58 AcresPrice / SF:
$182/SF- Added:
- May 26, 2026
- Days on Market:
- 5
- Last Refresh:
- May 30 at 9:06 pm
Property Features for 18 West Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 6, Basement, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 5
- Parking
- 10
- Parking features
- Garage
- Interior features
- Wall (Cermaic), Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
- Basement
- Full, Unfinished
- Appliances
- Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 3,146 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5677
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Baseboard, Natural Gas
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Marble, Vinyl, Hardwood, Laminate
- Building materials
- Ceramic, Dry Wall, Paneled, Plaster, Vinyl Siding
Listing agent Jennifer Hyland (401) 465-0417
Listing office Ri Real Estate Services 631 Main Street, East Greenwich, RI (401) 885-5400
Listing date May 26, 2026
MLS# 1413608
Listing URL
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Large 3‑family property with good rental history.
- Huge lot with potential for building (previous approval for single‑family dwelling, though expired).
- Multiple interior features including various wall types (Ceramic, Dry Wall, Paneled, Plaster), Attic, and Mixed Plumbing.
- Includes essential appliances: Oven/Range and Refrigerator.
- Features a mix of flooring types: Laminate, Marble, Tile - Ceramic, Vinyl, and Hardwood.
- Heating system includes Baseboard, Central, and Natural Gas.
Overview
This large three-family property, located in West Warwick, Rhode Island, presents a significant investment opportunity. The property has a history of good rental income. Situated on a 0.58-acre lot, the site may offer potential for additional development; it was previously approved for single-family dwelling construction, although that approval has since expired. The building encompasses 3,146 square feet. The property is being sold in as-is condition, and could benefit from some improvements. Located in Kent County.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $22.20 |
| − Vacancy | −$4.5k | −$1.44 |
| EGI | $65.3k | $20.76 |
| − OpEx | −$19.6k | −$6.23 |
| NOI | $45.7k | $14.53 |
3,146 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$653.0K
$571.4K – $761.9K
NOI $45,711 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$599.9K
$524.9K – $699.9K
NOI $41,993 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$787.9K
$689.5K – $919.3K
NOI $55,156 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.531481
- Latitude
- 41.699501
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Large three-family property with development potential in West Warwick.
Where is this triplex located?
The property is located at 18 West 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: Large 3‑family property with good rental history.; Huge lot with potential for building (previous approval for single‑family dwelling, though expired).; Multiple interior features including various wall types (Ceramic, Dry Wall, Paneled, Plaster), Attic, and Mixed Plumbing.
