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Three-Unit Townhouse-Style Triplex
For Sale
$549,900

54 Blackburn Street, Warwick, RI 02886

Multifamily property with an established tenant base and convenient access to shops, dining, Interstate 95, and local transit.

Property Size3,808 SF
Price / SF$144.41
Days on Market8

Property Features for 54 Blackburn Street

General Information

Standard status Active
Size 3,808 SF
Property subtype MultiFamily

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 2BR/2BA, 2 x 1BR
Multifamily Units 3

Building Details

Year Built 1910
Listing Agency: RISE REC
Listed By: Michael Murphy · License #RES.0040995
Source: Lockandkeyre
Added: Aug 26 Changed: Sep 1 Last Checked: Sep 1 at 10:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RISE REC

Investment Insights

Based on property information with market context.

This 3,808-square-foot triplex, built in 1910, contains three separate residential units. The configuration includes one two-bedroom townhouse-style unit with two full bathrooms, plus two one-bedroom units arranged on the upper and lower levels. Long-standing tenants are in place, providing an established occupancy profile for the property.

The property is located at 54 Blackburn Street in central Warwick, near local shops, dining, and everyday conveniences. Interstate 95 and local transit options are minutes away, supporting access throughout the area. The oversized lot adds to the property's physical footprint, while any future use or additional improvements remain subject to buyer due diligence and applicable approvals.

Key Highlights

  • 3,808 SF triplex built in 1910
  • Three separate units: one 2‑bedroom townhouse and two 1‑bedroom units
  • Townhouse‑style unit includes 2 full bathrooms

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Bakery Tanning Salon Storage Facility Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,002
Businesses Nearby

Demographics for 02886, RI

29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily property with an established tenant base and convenient access to shops, dining, Interstate 95, and local transit.
Where is this triplex located?
The property is located at 54 Blackburn Street Warwick, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,808 SF triplex built in 1910; Three separate units: one 2‑bedroom townhouse and two 1‑bedroom units; Townhouse‑style unit includes 2 full bathrooms
More about this property
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