Brick Four-Family Residential
44 Newell Street West Warwick, RI 02893
New
For Sale
$699,900
MULTI_FAMILY - West Warwick, RI
Property Size2,960 SF
Lot Size0.09 Acres
Price / SF$236.45
Days on Market1
Property Features for 44 Newell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Basement, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4
- Parking
- 8
- Parking features
- None
- Window features
- Insulated Windows
- Interior features
- Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed)
- Basement
- Partially Finished, Storage Space, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,960 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7544
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Tile - Ceramic, Hardwood
- Building materials
- Dry Wall, Plaster, Brick, Vinyl Siding
Listing Agency:
Keller Williams Coastal
(401) 845-9200
Listed By:
Michael Brennan
(401) 632-1742
Added: Jul 23
Last Checked: Jul 23 at 9:06PM
MLS# 1418746
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 well-maintained brick four-family offers four spacious 1-bedroom, 1-bath apartments. Each unit includes a functional layout with a living room, eat-in kitchen equipped with a dishwasher, ample closet space, and an additional office room with a closet. Tenants also benefit from private storage and shared laundry facilities located in the basement. The building features separate entrances for each unit, supporting day-to-day convenience.
Located at 44 Newell Street in West Warwick, the property sits on an elevated lot. The brick front exterior is designed for low-maintenance ownership.
Additional reported building details include a young roof and lead safe status with a lead variance from the Department of Health.
Located at 44 Newell Street in West Warwick, the property sits on an elevated lot. The brick front exterior is designed for low-maintenance ownership.
Additional reported building details include a young roof and lead safe status with a lead variance from the Department of Health.
Key Highlights
- Brick 4‑family with four 1‑bedroom, 1‑bath apartments
- Each unit has a separate entrance
- Basement shared laundry facilities for tenant use
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 | $65.7k | $22.20 |
| − Vacancy | −$4.3k | −$1.44 |
| EGI | $61.4k | $20.76 |
| − OpEx | −$18.4k | −$6.23 |
| NOI | $43.0k | $14.53 |
2,960 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$614.4K
$537.6K – $716.8K
NOI $43,009 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$564.4K
$493.9K – $658.5K
NOI $39,510 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$741.4K
$648.7K – $864.9K
NOI $51,895 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-family with four 1-bedroom, 1-bath units, each with private storage and shared basement laundry.
Where is this quadplex located?
The property is located at 44 Newell Street West Warwick, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Brick 4‑family with four 1‑bedroom, 1‑bath apartments; Each unit has a separate entrance; Basement shared laundry facilities for tenant use
