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West Warwick Two-Family Home

22 Greene Street West Warwick, RI 02893

Claim this Listing
Pending
$300,000

MULTI_FAMILY - West Warwick, RI

Property size:
1,680 SF
Lot size:
0.34 Acres
Added:
Feb 10, 2026
Days on Market:
151
Last Refresh:
Jul 11 at 6:06 pm

Property Features for 22 Greene Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Basement
Parking
8
Basement
Unfinished, Full
Standard status
Pending
Size
1,680 SF
Lot size
0.34 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
5282

Utilities

Heating system
Oil, Baseboard

Building Details

Year built
1895
Number of units
2
Building materials
Vinyl Siding

Listing agent Kyle Seyboth License #REC.0005226

Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

Listing date Feb 10, 2026

MLS# 1404711 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.


Investment Insights

Based on property information with market context.

This two-family home is located in West Warwick, offering potential for investors and owner-occupants. The property is conveniently situated near major highways, public transportation, shopping, dining, and everyday amenities, providing easy access for commuters and tenants. Each unit features lots of windows that create bright and welcoming living spaces. The property includes a detached two-car garage, along with additional off-street parking for residents and guests. The layout offers flexibility for rental income, multi-generational living, or future improvements. The lot size is 0.34 acres and the property size is 1680 square feet.

Key Highlights

  • Desirable West Warwick location near major highways, public transportation, shopping, and dining.
  • Two‑family home offering potential for investors or owner‑occupants.
  • Detached two‑car garage and additional off‑street parking.

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 $37.3k $22.20
− Vacancy −$2.4k −$1.44
EGI $34.9k $20.76
− OpEx −$10.5k −$6.23
NOI $24.4k $14.53
1,680 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$348.7K
$305.1K – $406.8K (±1% cap)
NOI $24,410 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$320.4K
$280.3K – $373.8K (±1% cap)
NOI $22,425 @ 7.0% cap · market cap 7.48%
Theoretical Best
Specialty Retail
$420.8K
$368.2K – $490.9K (±1% cap)
NOI $29,454 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Hair Salon Parking Lot & Garage Dental Office HVAC Service Computer & Electronic Repair Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family home in desirable location with income potential.
Where is this duplex located?
The property is located at 22 Greene Street West Warwick, RI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Desirable West Warwick location near major highways, public transportation, shopping, and dining.; Two‑family home offering potential for investors or owner‑occupants.; **Detached two‑car garage** and additional off‑street parking.
Contact an agent
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