28 Bridge Street, West Warwick, RI 02893
MULTI_FAMILY - West Warwick, RI
- Added:
- Jul 5, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 6 at 6:06 pm
Property Features for 28 Bridge Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 2
- Parking
- 6
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Attic Stairs, Plumbing (Mixed), Insulation (Walls)
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,475 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6189
Utilities
- Heating system
- Baseboard, Oil
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Dry Wall, Vinyl Siding
Listing agent Keith Volpicelli (508) 543-3922
Listing office Re/Max Real Estate Center 37 Sandy Bottom Road, Foxboro, RI (401) 823-7600
Listing date Jul 5, 2026
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.
HighLights
- 3‑unit multi‑family home with each unit featuring 2 bedrooms, 1 full bathroom, a living room, and kitchen layout
- Unit 3 includes a bonus loft
- Each unit has front and rear decks; large driveway and off‑street parking for tenant vehicles
- Big backyard abuts the bike path and includes a mature grapevine
- Full Lead Safe Certificates obtained
- Vinyl siding; roof is about 8 years young; heated with oil baseboard; public water
Overview
Set on a lot of about 0.212 acres, the home includes a large driveway suitable for tenant parking and additional off-street parking. A sizable backyard abuts a bike path and is described as including a mature grapevine. The property is located in West Warwick, RI, and is described as being minutes from highway access, a hospital, and general conveniences.
This configuration can appeal to both owner-occupants and investors looking for a straightforward three-unit setup with consistent unit features, outdoor deck space for tenants, and on-site parking. With lead compliance already addressed through Lead Safe Certificates and maintenance items noted by the seller, it may be well suited for buyers seeking a cared-for residential income property.
Local 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 | $54.9k | $22.20 |
| − Vacancy | −$3.6k | −$1.44 |
| EGI | $51.4k | $20.76 |
| − OpEx | −$15.4k | −$6.23 |
| NOI | $36.0k | $14.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.5202348
- Latitude
- 41.7132934
