Two-Family Residential Income
27 South Street West Warwick, RI 02893
New
For Sale
$450,000
MULTI_FAMILY - West Warwick, RI
Property Size1,536 SF
Lot Size0.22 Acres
Price / SF$292.97
Days on Market2
Property Features for 27 South Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4
Parking
3
Parking features
None
Basement
Crawl Space
Appliances
Electric Water Heater
Standard status
Active
Size
1,536 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4289
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1982
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Wood
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Added: Jul 26
Last Checked: Jul 27 at 11:06AM
MLS# 1418621
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 well-maintained two-family home includes two separate units, each offering 2 bedrooms and 1 full bathroom. The property is designed for practical day-to-day living with comfortable, functional layouts, and it also features two separate heating systems.
Located in West Warwick, the property provides convenient access to Downtown West Warwick and Riverpoint Village. It is also near the Bald Hill Road retail corridor, with options including Warwick Mall, grocery stores, and entertainment, and it offers easy access to Interstate 95, Route 2, and Route 117.
The home sits on a lot of 0.215 acres and has a total building size of 1,536 square feet.
Located in West Warwick, the property provides convenient access to Downtown West Warwick and Riverpoint Village. It is also near the Bald Hill Road retail corridor, with options including Warwick Mall, grocery stores, and entertainment, and it offers easy access to Interstate 95, Route 2, and Route 117.
The home sits on a lot of 0.215 acres and has a total building size of 1,536 square feet.
Key Highlights
- Well‑maintained two‑family home built in 1982 in West Warwick
- Each unit offers 2 bedrooms and 1 full bathroom
- Two separate heating systems for the property
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 | $34.1k | $22.20 |
| − Vacancy | −$2.2k | −$1.44 |
| EGI | $31.9k | $20.76 |
| − OpEx | −$9.6k | −$6.23 |
| NOI | $22.3k | $14.53 |
1,536 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.8K
$279.0K – $372.0K
NOI $22,318 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$292.9K
$256.3K – $341.7K
NOI $20,503 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$384.7K
$336.6K – $448.8K
NOI $26,929 @ 7.0% cap · market cap 5.98%
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 - Well-maintained two-family home offering 2 bedrooms and 1 full bathroom per unit with separate heating systems.
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 $450,000.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1982 in West Warwick; Each unit offers 2 bedrooms and 1 full bathroom; Two separate heating systems for the property
