3-Unit Triplex with Solar
New
For Sale
$750,000
39 Pike Street, West Warwick, RI 02893
Residential Income, West Warwick, RI
Property Size3,244 SF
Lot Size0.16 Acres
Price / SF$231.20
Days on Market6
Property Features for 39 Pike Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CI
Bedrooms
10
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 8, Bedroom 10, Basement, Bedroom 2, Bathroom 1, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 9, Bedroom 5, Bedroom 4
Parking
8
Interior features
Wall (Plaster), Attic, Attic Stairs, Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Unfinished, Full, Storage Space
Appliances
Gas Water Heater
Lot features
Paved Driveway, Sidewalks
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
Central, Baseboard, Natural Gas
Cooling system
Central Air, Wall Unit(s)
Amenities
basement storage
washer dryer hookups
garage
solar panels
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile - Ceramic, Laminate
Building materials
Plaster, Vinyl Siding
Listing Agency:
Family First Realty Ri, Llc
(401) 385-3630
Listed By:
Michele Stevenin
(401) 640-1907
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 25 at 2:06PM
MLS# 1426473
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.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,244 square feet on a 0.16-acre lot. Improvements include renovated kitchens, updated flooring, a replacement roof and solar panels. Each unit has separate utilities and individual basement storage with washer and dryer hookups. The building also includes an oversized detached two-car garage and off-street parking. The property was built in 1900 and is zoned CI.
The West Warwick property is near shopping, restaurants, highways and local amenities. Street parking is also available in addition to the on-site parking.
The West Warwick property is near shopping, restaurants, highways and local amenities. Street parking is also available in addition to the on-site parking.
Key Highlights
- Three residential units in 3,244 square feet
- 0.16‑acre lot in West Warwick, Rhode Island
- Renovated kitchens, updated flooring, replacement roof and solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,135
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,700
$942.7K
Cap Rate 7%
$673,357
$673.4K
Cap Rate 9%
$523,722
$523.7K
Market Conditions
NOI Build-Up for 3,244 SF
Gross rent
$72.0K $22.20/SF
− Vacancy
−$4.7K −$1.44/SF
EGI
$67.3K $20.76/SF
− OpEx
−$20.2K −$6.23/SF
NOI
$47.1K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,700
Cap Rate 7%
$673,357
Cap Rate 9%
$523,722
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
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?
Triplex - Updated kitchens, separate utilities and a detached garage serve the property’s three residential units.
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 residential units in 3,244 square feet; 0.16‑acre lot in West Warwick, Rhode Island; Renovated kitchens, updated flooring, replacement roof and solar panels
