388 Child Street, Warren, RI 02885
- Added:
- Mar 14, 2026
- Days on Market:
- 115
- Last Refresh:
- Jul 6 at 3:06 am
Property Features for 388 Child Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- VB
- Bedrooms
- 11
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 9, Bedroom 10, Bedroom 11, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Basement, Bedroom 4, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 6, Bedroom 5
- Parking
- 25
- Parking features
- Garage
- Window features
- Storm Window(s)
- Patio and Porch features
- Porch
- Interior features
- Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Porch
- Basement
- Storage Space, Unfinished, Full
- Appliances
- Dryer, Range Hood, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 4,389 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8950
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating), Natural Gas, Heat Pump (Heating), Oil
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Carpet, Tile - Ceramic, Hardwood
- Building materials
- Clapboard, Shingles, Wood
Listing agent Michael Russo License #REB.0017244 (401) 465-0417
Listing office Ri Real Estate Services 631 Main Street, East Greenwich, RI (401) 885-5400
Listing date Mar 14, 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
- Value‑add multi‑property set includes a 3‑family Victorian at 388 Child, a Colonial at 384 Child, and a vacant lot at left of 384 Child
- 388 Child: 3‑family Victorian with 2–3 bedroom units on 1st & 2nd floors and a 1‑bedroom unit on the 3rd floor
- 384 Child: Colonial home with 4 bedrooms, listed as ready for restoration to original condition
- All units have separate electric, gas, and water utilities; public water and public sewer
- Vacant lot to the left of 384 Child has a curb cut and public utilities available for a future single/two‑family site
- Zoned Village Business; heating includes natural gas and oil plus baseboard and heat pump, with ductless cooling; garage parking
Overview
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 | $129.0k | $29.40 |
| − Vacancy | −$8.0k | −$1.82 |
| EGI | $121.0k | $27.58 |
| − OpEx | −$54.5k | −$12.41 |
| NOI | $66.6k | $15.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Bristol
- State
- Rhode Island
- Longitude
- -71.268795
- Latitude
- 41.729445
