Updated Side-by-Side
27 Faxon Street West Warwick, RI 02893
New
For Sale
$445,000
MULTI_FAMILY - West Warwick, RI
Property Size1,477 SF
Lot Size0.25 Acres
Price / SF$301.29
Days on Market7
Property Features for 27 Faxon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-7.5
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Parking
4
Parking features
None
Patio and Porch features
Patio
Interior features
Wall (Dry Wall), Plumbing (Mixed), Insulation (Cap)
Exterior features
Patio
Appliances
Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
Standard status
Active
Size
1,477 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5436
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Residential Properties Ltd
(401) 457-3400
Listed By:
Joe Roch
(401) 440-7483
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 30 at 10:06AM
MLS# 1418830
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 thoughtfully updated side-by-side two-family features two separate 2-bedroom, 1-bath units. Both sides include laminate flooring and spacious, newer eat-in kitchens. Exterior improvements include vinyl siding for easier maintenance and a new architectural-shingle roof, and each unit includes access to a private backyard with a large patio.
Set at the end of a quiet, tree-lined street in the Centreville section of West Warwick, the property is convenient to shopping and dining along Route 2. Commuting access is also described as close to I-95 and Route 295.
The property is listed for residential income uses under zoning R-7.5 and includes ample off-street parking for tenants or guests.
Set at the end of a quiet, tree-lined street in the Centreville section of West Warwick, the property is convenient to shopping and dining along Route 2. Commuting access is also described as close to I-95 and Route 295.
The property is listed for residential income uses under zoning R-7.5 and includes ample off-street parking for tenants or guests.
Key Highlights
- Side‑by‑side 2‑family built in 1976, with each unit offering 2 bedrooms and 1 bathroom
- Each unit features laminate flooring and spacious newer eat‑in kitchens
- Private backyard with a large patio plus patio on‑site
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 | $32.8k | $22.20 |
| − Vacancy | −$2.1k | −$1.44 |
| EGI | $30.7k | $20.76 |
| − OpEx | −$9.2k | −$6.23 |
| NOI | $21.5k | $14.53 |
1,477 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.6K
$268.3K – $357.7K
NOI $21,461 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$281.6K
$246.4K – $328.6K
NOI $19,715 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$369.9K
$323.7K – $431.6K
NOI $25,895 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers 2 bed/1 bath with updated finishes, eat-in kitchens, off-street parking, and a private patio.
Where is this duplex located?
The property is located at 27 Faxon Street West Warwick, RI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Side‑by‑side 2‑family built in 1976, with each unit offering 2 bedrooms and 1 bathroom; Each unit features laminate flooring and spacious newer eat‑in kitchens; Private backyard with a large patio plus patio on‑site
