Duplex with Detached
348 MARKET St, Warren, RI 02885
For Sale
$775,000
Pending
Residential Income, Warren, RI
Property Size2,086 SF
Lot Size0.41 Acres
Days on Market100
Property Features for 348 MARKET St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Basement
Appliances
Subdivision
Lot features
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fenced yard
separate office space
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Century 21 Topsail Realty · Century 21 Real Estate
(401) 683-4900
Listed By:
Julie Vargas
(401) 345-1823
Added: Aug 3
Changed: Oct 27
Last Checked: Nov 10 at 8:06AM
MLS# 1419591
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side townhouse duplex contains two residences with separate utilities and a combined 2,086 square feet of living area. Built in 1900, the property retains hardwood floors and period details alongside updated kitchens, mechanical systems, and bathrooms with walk-in showers. A fenced yard and patio provide outdoor space for the residences.
The property spans two separate legal lots totaling 0.4117 acres. One lot includes a heated, detached three-car garage with a separate office. The zoning is R-10, and the property is served by public water and public sewer. Located in Warren, Rhode Island, the duplex offers two residential units and an additional garage-office building on a separate lot.
The property spans two separate legal lots totaling 0.4117 acres. One lot includes a heated, detached three-car garage with a separate office. The zoning is R-10, and the property is served by public water and public sewer. Located in Warren, Rhode Island, the duplex offers two residential units and an additional garage-office building on a separate lot.
Key Highlights
- Side‑by‑side townhouse duplex with two residences and separate utilities
- Combined living area of 2,086 square feet on 0.4117 acres across two legal lots
- Heated detached three‑car garage with separate office on its own lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,224
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,480
$704.5K
Cap Rate 7%
$503,200
$503.2K
Cap Rate 9%
$391,378
$391.4K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$53.8K $25.80/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$50.3K $24.12/SF
− OpEx
−$15.1K −$7.24/SF
NOI
$35.2K $16.89/SF
Area
Bristol County, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,480
Cap Rate 7%
$503,200
Cap Rate 9%
$391,378
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.1K
NOI $35,224 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,639 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$697.9K
$610.7K – $814.2K
NOI $48,852 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Explore this area
Business Placement
Demographics for 02885, RI
11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Bristol County, RI
Properties on Market for Duplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two legal lots include a heated garage with a separate office, adding dedicated workspace and storage.
Where is this duplex located?
The property is located at 348 MARKET St Warren, RI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Side‑by‑side townhouse duplex with two residences and separate utilities; Combined living area of 2,086 square feet on 0.4117 acres across two legal lots; Heated detached three‑car garage with separate office on its own lot
