Renovated Two-Unit
27 Barney Street, Warren, RI 02885
For Sale
$749,000
Both residences include three bedrooms, an eat-in kitchen, formal dining room, and enclosed porch.
Property Size2,618 SF
Price / SF$286.10
Days on Market55
Property Features for 27 Barney Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
REMAX Revolution
Listed By:
Jill Arnold · License RI RES.0042796
(401) 742-4938
Source:
Cotepartnersrealty
Added: Sep 17
Changed: Nov 7
Last Checked: Nov 9 at 1:42PM
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 REMAX Revolution
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Investment Insights
Based on property information with market context.
Built in 1850, this 2,618-square-foot duplex contains two residences, each with three bedrooms, one bathroom, an eat-in kitchen, a formal dining room, and a private enclosed porch. Renovations include updated systems, new or renovated clapboard, and a fresh exterior repaint. A walk-up attic is also part of the property.
The home is in Warren, steps from downtown shops, restaurants, a park, the waterfront, and Main Street.
The home is in Warren, steps from downtown shops, restaurants, a park, the waterfront, and Main Street.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 2,618 square feet; built in 1850
- Each unit has an eat‑in kitchen, formal dining room, and private enclosed porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,208
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,160
$884.2K
Cap Rate 7%
$631,543
$631.5K
Cap Rate 9%
$491,200
$491.2K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$67.5K $25.80/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$63.2K $24.12/SF
− OpEx
−$18.9K −$7.24/SF
NOI
$44.2K $16.89/SF
Area
Bristol County, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,160
Cap Rate 7%
$631,543
Cap Rate 9%
$491,200
Alternative Uses
Best Use
Multifamily LT 5
$631.5K
$552.6K – $736.8K
NOI $44,208 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$567.3K
$496.4K – $661.8K
NOI $39,708 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$875.9K
$766.4K – $1.02M
NOI $61,310 @ 7.0% cap · market cap 8.19%
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
761
Businesses Nearby
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Business Placement
Demographics for 02885, RI
11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Bristol County, RI
Properties on Market for Duplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, an eat-in kitchen, formal dining room, and enclosed porch.
Where is this duplex located?
The property is located at 27 Barney Street Warren, RI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; 2,618 square feet; built in 1850; Each unit has an eat‑in kitchen, formal dining room, and private enclosed porch
