Three-Unit Multifamily
25 Davis Street Warren, RI 02885
For Sale
$525,000
Three-unit multifamily with fenced yard and unit mix of one- and three-bedroom layouts.
Property Size2,013 SF
Price / SF$260.80
Days on Market9
Property Features for 25 Davis Street
General Information
Standard status
Active
Size
2,013 SF
Property subtype
Multifamily
Building Details
Year Built
1880
Listing Agency:
Coldwell Banker Realty
(401) 351-2017
Listed By:
Matthew Silva
Source:
Lockandkeyre
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 29 at 6:03AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This approximately 2,000-square-foot, three-unit multifamily property offers a mix of unit configurations. The first unit is a three-bedroom, one-bath layout, while the other two units are each one-bedroom, one-bath homes, each with its own unique layout and amenities.
The property includes a fenced-in yard for residents. It provides a secure, private outdoor space within the residential setting. The home is also described as walking distance to local restaurants in Warren.
Overall, the building’s three separate units and shared fenced yard create a straightforward residential income setup with a combination of one- and three-bedroom living options.
The property includes a fenced-in yard for residents. It provides a secure, private outdoor space within the residential setting. The home is also described as walking distance to local restaurants in Warren.
Overall, the building’s three separate units and shared fenced yard create a straightforward residential income setup with a combination of one- and three-bedroom living options.
Key Highlights
- Three‑unit multifamily with approximately 2,000 SF total living area
- Unit mix: one 3‑bedroom, 1‑bath unit plus two 1‑bedroom, 1‑bath units
- Fenced‑in yard provides secure, enclosed outdoor space for residents
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 | $51.9k | $25.80 |
| − Vacancy | −$3.4k | −$1.68 |
| EGI | $48.6k | $24.12 |
| − OpEx | −$14.6k | −$7.24 |
| NOI | $34.0k | $16.89 |
2,013 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$485.6K
$424.9K – $566.5K
NOI $33,992 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$436.2K
$381.7K – $508.9K
NOI $30,532 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$673.5K
$589.3K – $785.7K
NOI $47,142 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily with fenced yard and unit mix of one- and three-bedroom layouts.
Where is this triplex located?
The property is located at 25 Davis Street Warren, RI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three‑unit multifamily with approximately 2,000 SF total living area; Unit mix: one 3‑bedroom, 1‑bath unit plus two 1‑bedroom, 1‑bath units; Fenced‑in yard provides secure, enclosed outdoor space for residents
