West Warwick Multifamily Investment
33 Home Street, West Warwick, RI 02893
- Added:
- Feb 12, 2026
- Days on Market:
- 107
- Last Refresh:
- May 30 at 10:06 pm
Property Features for 33 Home Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R6
- Rooms
- Basement
- Parking
- 10
- Interior features
- Ceiling Height (7 to 9 Ft)
- Basement
- Full
- Standard status
- Pending
- Size
- 4,272 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10944
Utilities
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1887
- Floors in Building
- 3
- Building materials
- Frame
Listing agent Stephen Antoni License #REB.0016316 (401) 789-8899
Listing office Mott & Chace Sotheby's Intl. 100 Exchange Street, Narragansett, RI (401) 314-3000
Listing date Feb 12, 2026
MLS# 1404586
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
- Turn‑key, 6‑unit multifamily property ready for immediate sale.
- Separate utilities and 6 gas FHW boilers.
- Fire coded building with lead certificates for all units.
- Two recent vacancies offer flexibility for new tenants or owner occupancy.
- Many long‑term tenants in place.
- Town sewer and water.
Overview
This is a turn-key, six-unit multifamily property available for immediate sale. The building is fire coded, and all units have lead certificates. The exterior features vinyl siding, and half of the windows have been replaced with new vinyl windows. Many tenants have resided in the building for several years. There are two recent vacancies that can be filled or left for owner occupancy. The building is equipped with six gas-fired hot water boilers and separate utilities. The property is connected to town sewer and water services and is located in West Warwick, Rhode Island. The lot size is 0.15 acres. The zoning is R6.
Local Financial Insights For Apartment 5plus
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 | $111.2k | $26.04 |
| − Vacancy | −$7.6k | −$1.77 |
| EGI | $103.7k | $24.27 |
| − OpEx | −$46.7k | −$10.92 |
| NOI | $57.0k | $13.35 |
4,272 SF · lease $26.04/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$814.6K
$712.8K – $950.4K
NOI $57,023 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.07M
$936.2K – $1.25M
NOI $74,897 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.528517
- Latitude
- 41.702698
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turn-key, six-unit multifamily property in West Warwick, Rhode Island.
Where is this apartment building located?
The property is located at 33 Home Street West Warwick, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Turn‑key, 6‑unit multifamily property ready for immediate sale.; Separate utilities and 6 gas FHW boilers.; Fire coded building with lead certificates for all units.
