Duplex with
New
For Sale
$349,900
20 Spring Street, West Warwick, RI 02893
Residential Income, West Warwick, RI
Property Size1,608 SF
Lot Size0.14 Acres
Price / SF$217.60
Days on Market2
Property Features for 20 Spring Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-7.5
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 4
Parking
6
Parking features
None
Patio and Porch features
Porch
Interior features
Wall (Plaster), Attic, Stairs, Wet Bar, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Appliances
Oven, Range, Refrigerator
Subdivision
Crompton
Lot features
Corner Lot
Standard status
Active
Size
1,608 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5371
Utilities
Heating system
Radiant, Oil
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
Building Details
Year built
1906
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Plaster, Shingles
Listing Agency:
Real Broker, Llc
Listed By:
Matt Patty Team
(855) 450-0442
Added: Oct 13
Last Checked: Oct 14 at 11:06AM
MLS# 1425846
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.
Investment Insights
Based on property information with market context.
This duplex at 20 Spring Street in West Warwick contains 1,608 square feet and two bathrooms. The 0.14-acre property includes a porch and a fenced backyard. Interior finishes include hardwood and carpet flooring, with a wet bar and attic also present. Central air conditioning and oil-fired radiant heat serve the building; public water is available. The property was built in 1906 and is zoned R-7.5.
Key Highlights
- 1,608 square feet across a two‑family property
- 0.14‑acre parcel with a fenced backyard
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,364
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,280
$467.3K
Cap Rate 7%
$333,771
$333.8K
Cap Rate 9%
$259,600
$259.6K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$35.7K $22.20/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$33.4K $20.76/SF
− OpEx
−$10.0K −$6.23/SF
NOI
$23.4K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,280
Cap Rate 7%
$333,771
Cap Rate 9%
$259,600
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.4K
NOI $23,364 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$306.6K
$268.3K – $357.7K
NOI $21,464 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$402.7K
$352.4K – $469.9K
NOI $28,191 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential units offer a configuration suited to owner occupancy or rental use.
Where is this duplex located?
The property is located at 20 Spring Street West Warwick, RI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,608 square feet across a two‑family property; 0.14‑acre parcel with a fenced backyard; Two bathrooms
