Duplex with Separate
For Sale
$440,000
27 South Street, West Warwick, RI 02893
Two-bedroom residences have individual heating systems and one full bathroom apiece.
Property Size1,536 SF
Price / SF$286.46
Days on Market15
Property Features for 27 South Street
General Information
Standard status
Active
Size
1,536 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1982
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 13
Last Checked: Oct 12 at 8:44PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex, built in 1982, contains two residences. Each unit has two bedrooms, one full bathroom, and its own heating system, creating a clearly separated two-unit configuration.
At 27 South Street in West Warwick, the property is near Downtown West Warwick, Riverpoint Village, and the Bald Hill Road retail corridor. Interstate 95, Route 2, and Route 117 provide regional access. Riverpoint Park and the Washington Secondary Bike Path are also nearby.
At 27 South Street in West Warwick, the property is near Downtown West Warwick, Riverpoint Village, and the Bald Hill Road retail corridor. Interstate 95, Route 2, and Route 117 provide regional access. Riverpoint Park and the Washington Secondary Bike Path are also nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Separate heating system for each residence
- 1,536 square feet; built in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,318
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,360
$446.4K
Cap Rate 7%
$318,829
$318.8K
Cap Rate 9%
$247,978
$248.0K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$34.1K $22.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$31.9K $20.76/SF
− OpEx
−$9.6K −$6.23/SF
NOI
$22.3K $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%
$446,360
Cap Rate 7%
$318,829
Cap Rate 9%
$247,978
Alternative Uses
Best Use
Multifamily LT 5
$318.8K
$279.0K – $372.0K
NOI $22,318 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$292.9K
$256.3K – $341.7K
NOI $20,503 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$384.7K
$336.6K – $448.8K
NOI $26,929 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences have individual heating systems and one full bathroom apiece.
Where is this duplex located?
The property is located at 27 South Street West Warwick, RI.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Separate heating system for each residence; 1,536 square feet; built in 1982
