Two-Family Duplex with
26 Central Street, West Warwick, RI 02893
For Sale
$449,000
Two matching apartments each provide two bedrooms and one full bath, with driveway parking and a paved outdoor area.
Property Size2,079 SF
Price / SF$215.97
Days on Market8
Property Features for 26 Central Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
SERHANT.
(401) 382-0600
Listed By:
Nicole Parente · License RI RES.0045216
(401) 595-7809
Source:
Lockandkeyre
Added: Nov 5
Changed: Nov 12
Last Checked: Nov 12 at 8:10AM
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 SERHANT.
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Investment Insights
Based on property information with market context.
This 2,079-square-foot duplex contains two apartments, each configured with two bedrooms and one bathroom. A garage, driveway, and paved parking/patio area are part of the property. Built in 1900, the building offers a two-unit layout at 26 Central Street in West Warwick.
Route 2 and I-95 are nearby, along with shopping, schools, and parks. Providence and Warwick are also accessible for commuting.
Route 2 and I-95 are nearby, along with shopping, schools, and parks. Providence and Warwick are also accessible for commuting.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments
- 2,079 square feet; built in 1900
- Garage, driveway, and paved parking/patio area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,208
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,160
$604.2K
Cap Rate 7%
$431,543
$431.5K
Cap Rate 9%
$335,644
$335.6K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$46.2K $22.20/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$43.2K $20.76/SF
− OpEx
−$12.9K −$6.23/SF
NOI
$30.2K $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%
$604,160
Cap Rate 7%
$431,543
Cap Rate 9%
$335,644
Alternative Uses
Best Use
Multifamily LT 5
$431.5K
$377.6K – $503.5K
NOI $30,208 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$396.4K
$346.9K – $462.5K
NOI $27,751 @ 7.0% cap · market cap 6.18%
Theoretical Best
Specialty Retail
$520.7K
$455.6K – $607.5K
NOI $36,449 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
536
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
$293,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in West Warwick, RI
Properties on Market for Duplexes in West Warwick
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching apartments each provide two bedrooms and one full bath, with driveway parking and a paved outdoor area.
Where is this duplex located?
The property is located at 26 Central Street West Warwick, RI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; 2,079 square feet; built in 1900; Garage, driveway, and paved parking/patio area
