Side-by-Side
New
For Sale
$515,000
25 Nowicki Street, West Warwick, RI 02893
Residential Income, West Warwick, RI
Property Size1,813 SF
Lot Size0.11 Acres
Price / SF$284.06
Days on Market4
Property Features for 25 Nowicki Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1
Parking
4
Parking features
None
Interior features
Wall (Plaster), Stairs, Plumbing (Copper), Insulation (Ceiling), Insulation (Walls)
Basement
Storage Space, Unfinished, Full
Appliances
Dishwasher, Dryer, Exhaust Fan, Oven, Range, Refrigerator, Electric Water Heater
Lot features
Corner Lot, Out Building, Paved Driveway
Standard status
Active
Size
1,813 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4243
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1973
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Tile - Ceramic, Hardwood, Laminate
Building materials
Plaster, Vinyl Siding
Buildings
1
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Tracey Black · License #33602
(401) 489-2891
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 1 at 12:06PM
MLS# 1427353
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with two bedrooms and one bathroom. The 1,813-square-foot building was constructed in 1973 and occupies a 0.11-acre corner lot. Each unit has its own furnace and 100-amp electrical service, with natural gas forced-air heating. The property is served by public sewer.
Interior finishes include hardwood, vinyl, ceramic tile, and laminate flooring, along with plaster walls and vinyl siding. Both units have separate utility responsibility, and the property is being offered in as-is condition.
Interior finishes include hardwood, vinyl, ceramic tile, and laminate flooring, along with plaster walls and vinyl siding. Both units have separate utility responsibility, and the property is being offered in as-is condition.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 1,813‑square‑foot building on a 0.11‑acre corner lot
- Each unit has a separate furnace and 100‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,343
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,860
$526.9K
Cap Rate 7%
$376,329
$376.3K
Cap Rate 9%
$292,700
$292.7K
Market Conditions
NOI Build-Up for 1,813 SF
Gross rent
$40.2K $22.20/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$37.6K $20.76/SF
− OpEx
−$11.3K −$6.23/SF
NOI
$26.3K $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%
$526,860
Cap Rate 7%
$376,329
Cap Rate 9%
$292,700
Alternative Uses
Best Use
Multifamily LT 5
$376.3K
$329.3K – $439.1K
NOI $26,343 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$345.7K
$302.5K – $403.3K
NOI $24,200 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$454.1K
$397.3K – $529.8K
NOI $31,786 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each offer two bedrooms, one bathroom, and independent heating and electrical service.
Where is this duplex located?
The property is located at 25 Nowicki Street West Warwick, RI.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,813‑square‑foot building on a 0.11‑acre corner lot; Each unit has a separate furnace and 100‑amp electrical service
