Updated Three-Family
39 Pike Street West Warwick, RI 02893
New
For Sale
$750,000
MULTI_FAMILY - West Warwick, RI
Property Size3,244 SF
Lot Size0.16 Acres
Price / SF$231.20
Days on Market1
Property Features for 39 Pike Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CI
Bedrooms
10
Bathrooms
4
Rooms
Bedroom 8, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Basement, Bedroom 10, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 9
Parking
8
Interior features
Attic, Attic Stairs, Stairs, Insulation (Unknown)
Basement
Unfinished, Full
Appliances
Gas Water Heater
Standard status
Active
Size
3,244 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7027
Utilities
Heating system
Baseboard, Natural Gas, Central
Cooling system
Central Air, Wall Unit(s)
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Laminate, Tile - Ceramic, Hardwood
Building materials
Vinyl Siding
Listing Agency:
Family First Realty Ri, Llc
(401) 385-3630
Listed By:
Michele Stevenin
(401) 640-1907
Added: Jul 27
Last Checked: Jul 27 at 11:06PM
MLS# 1419051
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.
Investment Insights
Based on property information with market context.
This updated three-family home offers three separate units with spacious living areas. Recent renovations include brand-new kitchens, updated flooring, and a new roof, along with energy-saving solar panels. Each unit also provides its own utility setup and includes individual basement storage with washer and dryer hookups.
The property includes a detached oversized two-car garage and ample off-street parking for multiple vehicles, with additional street parking as needed. It is located in West Warwick, Rhode Island, near shopping, restaurants, highways, and local amenities.
On-site configuration supports both investment and owner-occupant use, with separate utilities and dedicated basement laundry hookups for each unit.
The property includes a detached oversized two-car garage and ample off-street parking for multiple vehicles, with additional street parking as needed. It is located in West Warwick, Rhode Island, near shopping, restaurants, highways, and local amenities.
On-site configuration supports both investment and owner-occupant use, with separate utilities and dedicated basement laundry hookups for each unit.
Key Highlights
- Three‑family home with brand‑new kitchens and updated flooring throughout
- New roof and energy‑saving solar panels added since the current owner purchased the property
- Each unit has separate utilities and includes individual basement storage with washer/dryer hookups
Financial Insights For Multifamily LT 5
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 | $72.0k | $22.20 |
| − Vacancy | −$4.7k | −$1.44 |
| EGI | $67.3k | $20.76 |
| − OpEx | −$20.2k | −$6.23 |
| NOI | $47.1k | $14.53 |
3,244 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.4K
$589.2K – $785.6K
NOI $47,135 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$618.6K
$541.3K – $721.7K
NOI $43,301 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$812.5K
$710.9K – $947.9K
NOI $56,874 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-family residence with separate utilities, new roof, updated flooring, brand-new kitchens, and solar panels.
Where is this triplex located?
The property is located at 39 Pike Street West Warwick, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑family home with brand‑new kitchens and updated flooring throughout; New roof and energy‑saving solar panels added since the current owner purchased the property; Each unit has separate utilities and includes individual basement storage with washer/dryer hookups
