Two-Unit Duplex with Detached
For Sale
$560,000
21 Church Street, West Warwick, RI 02893
Each residence offers three bedrooms, one-and-a-half baths, and separate utilities.
Property Size2,464 SF
Price / SF$227.27
Days on Market68
Property Features for 21 Church Street
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,896
Building Details
Building Size
2,464 SF
Year Built
1850
Buildings
1
Tenancy
Multi
Listing Agency:
Realty One Group Dream Makers
Listed By:
Pascaline Uwase · License #RES.0048330
(401) 405-8294
Source:
Pooleproperties
Added: Aug 26
Changed: Oct 30
Last Checked: Oct 30 at 2:36PM
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 Realty One Group Dream Makers
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms and one-and-a-half bathrooms. Kitchens and flooring have been updated, and the exterior has vinyl siding. A detached garage provides space for two vehicles, while separate utilities serve the units.
Both residences are occupied under month-to-month leases. The property was built in 1850 and is near shopping and dining along Bald Hill Road. Providence and Warwick beaches are each less than 20 minutes away.
Both residences are occupied under month-to-month leases. The property was built in 1850 and is near shopping and dining along Bald Hill Road. Providence and Warwick beaches are each less than 20 minutes away.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 bathrooms
- Detached two‑car garage
- Separate tenant utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,802
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,040
$716.0K
Cap Rate 7%
$511,457
$511.5K
Cap Rate 9%
$397,800
$397.8K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$54.7K $22.20/SF
− Vacancy
−$3.6K −$1.44/SF
EGI
$51.1K $20.76/SF
− OpEx
−$15.3K −$6.23/SF
NOI
$35.8K $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%
$716,040
Cap Rate 7%
$511,457
Cap Rate 9%
$397,800
Alternative Uses
Best Use
Multifamily LT 5
$511.5K
$447.5K – $596.7K
NOI $35,802 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$469.9K
$411.1K – $548.2K
NOI $32,890 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$617.1K
$540.0K – $720.0K
NOI $43,199 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
394
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
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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 - Each residence offers three bedrooms, one-and-a-half baths, and separate utilities.
Where is this duplex located?
The property is located at 21 Church Street West Warwick, RI.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1.5 bathrooms; Detached two‑car garage; Separate tenant utilities
