Townhouse-Style
520 Providence Street West Warwick, RI 02893
520 Providence Street, West Warwick, RI, 02893
$669,900
For Sale
$669,900
MULTI_FAMILY - West Warwick, RI
Property Size2,478 SF
Lot Size0.34 Acres
Price / SF$270.34
Days on Market47
Property Features for 520 Providence Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R75
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Basement, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1
- Parking
- 8
- Window features
- Insulated Windows
- Patio and Porch features
- Porch
- Interior features
- Attic, Stairs, Plumbing (Mixed)
- Exterior features
- Porch
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Gas Water Heater, Dryer, Microwave, Washer
- Standard status
- Active
- Size
- 2,478 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7231
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl, Tile - Ceramic, Laminate
- Building materials
- Masonry, Other Siding
Listing agency
Re/Max New Horizons
(401) 331-8855
Listed by
Cristina Zapata
(401) 331-8855
Added: Jun 5 Updated: Jul 21 at 2:02PM Checked: Jul 21 at 3:06PM
MLS# 1414413
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 triplex features a unique side-by-side townhouse-style layout and exterior construction with durable terracotta block finished with stucco. The property includes three 2-bedroom units. Two units have been fully renovated, including a 2-bedroom, 1.5-bath unit with an additional finished room in the basement, and a renovated 2-bedroom, 1-bath unit. The third 2-bedroom, 1-bath unit is currently occupied and is reported to be in great condition.
Each unit has separate gas and electric utilities and includes in-unit laundry, supporting straightforward day-to-day management. The property is located at 520 Providence Street in West Warwick, with nearby access to shopping, restaurants, schools, and major highways.
With two renovated units ready for occupancy and one occupied unit in good condition, the building offers a practical structure for either an investor or an owner-occupant seeking rental income.
Each unit has separate gas and electric utilities and includes in-unit laundry, supporting straightforward day-to-day management. The property is located at 520 Providence Street in West Warwick, with nearby access to shopping, restaurants, schools, and major highways.
With two renovated units ready for occupancy and one occupied unit in good condition, the building offers a practical structure for either an investor or an owner-occupant seeking rental income.
Key Highlights
- 3‑unit multifamily with a side‑by‑side townhouse‑style layout
- Two fully renovated units: 2BR/1.5BA plus an additional finished basement room, and a renovated 2BR/1BA
- Third unit is a 2BR/1BA and is currently occupied by a tenant
Local 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 | $55.0k | $22.20 |
| − Vacancy | −$3.6k | −$1.44 |
| EGI | $51.4k | $20.76 |
| − OpEx | −$15.4k | −$6.23 |
| NOI | $36.0k | $14.53 |
2,478 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.1K
NOI $36,005 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$472.5K
$413.5K – $551.3K
NOI $33,077 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$620.6K
$543.1K – $724.1K
NOI $43,444 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained 3-unit multifamily with side-by-side townhouse-style layout, in-unit laundry, and separate gas and electric.
Where is this triplex located?
The property is located at 520 Providence Street West Warwick, RI.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: 3‑unit multifamily with a side‑by‑side townhouse‑style layout; Two fully renovated units: 2BR/1.5BA plus an additional finished basement room, and a renovated 2BR/1BA; Third unit is a 2BR/1BA and is currently occupied by a tenant
