Two-Residence Multifamily
New
For Sale
$965,000
36 Kinnicutt Avenue, Warren, RI 02885
Two updated homes share a parcel with an in-ground pool, decks, and garage parking.
Property Size4,144 SF
Lot Size1.50 Acres
Price / SF$232.87
Days on Market4
Property Features for 36 Kinnicutt Avenue
General Information
Standard status
Active
Size
4,144 SF
Lot size
1.50 Acres
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Amenities
in-ground swimming pool
decks
Building Details
Year Built
1977
Listing Agency:
Keller Williams Leading Edge
(401) 333-4900
Listed By:
Holly Bellucci · License #RES.0041147
(401) 225-4943
Source:
Lockandkeyre
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 8:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Leading Edge
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Investment Insights
Based on property information with market context.
This multifamily property comprises two renovated residences on approximately 1.5 acres. Both homes have been updated, and the grounds include large decks, an in-ground swimming pool, open yard area, and multiple garages for parking.
The property is at 36 Kinnicutt Avenue in Warren, with major highways, shopping, and restaurants described as nearby. The original construction year is 1977.
The property is at 36 Kinnicutt Avenue in Warren, with major highways, shopping, and restaurants described as nearby. The original construction year is 1977.
Key Highlights
- Two renovated residences on approximately 1.5 acres
- In‑ground swimming pool and large decks
- Multiple garages and yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,854
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,257,080
$1.3M
Cap Rate 7%
$897,914
$897.9K
Cap Rate 9%
$698,378
$698.4K
Market Conditions
NOI Build-Up for 4,144 SF
Gross rent
$121.8K $29.40/SF
− Vacancy
−$7.6K −$1.82/SF
EGI
$114.3K $27.58/SF
− OpEx
−$51.4K −$12.41/SF
NOI
$62.9K $15.17/SF
Area
Bristol County, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,257,080
Cap Rate 7%
$897,914
Cap Rate 9%
$698,378
Alternative Uses
Best Use
Apartment 5plus
$897.9K
$785.7K – $1.05M
NOI $62,854 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,048 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
102
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
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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?
Multifamily property - Two updated homes share a parcel with an in-ground pool, decks, and garage parking.
Where is this multifamily property located?
The property is located at 36 Kinnicutt Avenue Warren, RI.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Two renovated residences on approximately 1.5 acres; In‑ground swimming pool and large decks; Multiple garages and yard space
