6-Unit Apartment
For Sale
Under Contract
$1,000,000
30 Potter Avenue, West Warwick, RI 02893
Residential Income, West Warwick, RI
Property Size4,679 SF
Lot Size0.24 Acres
Price / SF$213.72
Days on Market319
Property Features for 30 Potter Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 10, Bathroom 2, Bedroom 9, Basement, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 8
Parking
12
Parking features
None
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Wall (Paneled), Plumbing (Mixed)
Exterior features
Deck
Basement
Storage Space, Full, Unfinished
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Standard status
Active Under Contract
Size
4,679 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13321
Utilities
Heating system
Forced Air, Natural Gas, Baseboard, Space Heater
Amenities
washer/dryer hookups
storage units
Building Details
Year built
1900
Floors in Building
3
Number of units
4
Flooring type
Tile - Ceramic, Laminate
Building materials
Dry Wall, Paneled, Vinyl Siding
Listing Agency:
Blackstone/Ocean Properties
(401) 383-4400
Listed By:
John Kidd
(401) 524-5854
Added: Dec 2, 2025
Changed: Oct 16
Last Checked: Oct 17 at 11:06AM
MLS# 1401045
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.
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Investment Insights
Based on property information with market context.
This six-unit apartment building, constructed in 1900, contains 4,679 square feet on a 0.24-acre parcel. Each apartment has its own heating and electrical service, an individual storage area, and washer/dryer hookups. The property also includes a deck, and lead certificates are available for all six units.
Electrical and fire protection systems have been updated. The reported configuration includes four bathrooms and multiple bedrooms across the apartments.
Electrical and fire protection systems have been updated. The reported configuration includes four bathrooms and multiple bedrooms across the apartments.
Key Highlights
- Six apartment units in a 4,679‑square‑foot building
- 0.24‑acre parcel
- Separate heat, electrical service, storage, and washer/dryer hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,456
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,120
$1.2M
Cap Rate 7%
$892,229
$892.2K
Cap Rate 9%
$693,956
$694.0K
Market Conditions
NOI Build-Up for 4,679 SF
Gross rent
$121.8K $26.04/SF
− Vacancy
−$8.3K −$1.77/SF
EGI
$113.6K $24.27/SF
− OpEx
−$51.1K −$10.92/SF
NOI
$62.5K $13.35/SF
Area
Kent County, RI
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,120
Cap Rate 7%
$892,229
Cap Rate 9%
$693,956
Alternative Uses
Best Use
Apartment 5plus
$892.2K
$780.7K – $1.04M
NOI $62,456 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,032 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
586
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate heat and electrical service, storage, and washer/dryer hookups are provided for each unit.
Where is this apartment building located?
The property is located at 30 Potter Avenue West Warwick, RI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Six apartment units in a 4,679‑square‑foot building; 0.24‑acre parcel; Separate heat, electrical service, storage, and washer/dryer hookups in every unit
