Mixed-Use Residence with Office
73 Child Street Warren, RI 02885
For Sale
$695,000
Pending
MULTI_FAMILY - Warren, RI
Property Size2,138 SF
Lot Size0.20 Acres
Days on Market48
Property Features for 73 Child Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B
Bedrooms
3
Bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 1, Basement, Bathroom 2, Bathroom 3
Parking
11
Window features
Storm Window(s)
Patio and Porch features
Patio, Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Attic, Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Patio, Porch
Basement
Full, Unfinished
Appliances
Electric Water Heater
Standard status
Pending
Size
2,138 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7040
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Steam, Natural Gas, Heat Pump (Heating)
Building Details
Year built
1890
Floors in Building
2
Number of units
4
Flooring type
Carpet, Hardwood
Building materials
Dry Wall, Plaster, Aluminum Siding, Vinyl Siding
Listing Agency:
Residential Properties Ltd.
(401) 245-9600
Listed By:
Dory Skemp
(401) 524-2369
Added: Jun 10
Changed: Jul 24
Last Checked: Jul 27 at 6:06PM
MLS# 1414668
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.
The property includes a historic 1890 residence with two residential units, along with professional office space in a street-facing addition. Additional improvements consist of a row of five garage bays, a standalone workshop/studio building with an additional garage space, and ample on-site parking.
The site is positioned in Warren’s arts and waterfront district, adjacent to the East Bay Bike Path. It is one block from Main Street and one block from the artists’ studios at Cutler Mill, with the Warren River working waterfront approximately three blocks away.
Listed as a grandfathered mixed-use property within Warren’s Business District zoning (Zoning B), 73 Child Street offers a combined residential and professional configuration along with multiple attached and standalone accessory structures.
The site is positioned in Warren’s arts and waterfront district, adjacent to the East Bay Bike Path. It is one block from Main Street and one block from the artists’ studios at Cutler Mill, with the Warren River working waterfront approximately three blocks away.
Listed as a grandfathered mixed-use property within Warren’s Business District zoning (Zoning B), 73 Child Street offers a combined residential and professional configuration along with multiple attached and standalone accessory structures.
Key Highlights
- Historic 1890 residence with 2 residential units, plus street‑facing professional office space in an addition
- Mixed‑use setup includes row of 5 garage bays, plus a standalone workshop/studio building with an additional garage space
- Ample on‑site parking with additional workshop/studio outbuilding space
Financial Insights For Office B
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 | $57.7k | $27.00 |
| − Vacancy | −$8.9k | −$4.19 |
| EGI | $48.8k | $22.81 |
| − OpEx | −$12.2k | −$5.70 |
| NOI | $36.6k | $17.11 |
2,138 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$522.6K
$457.3K – $609.7K
NOI $36,584 @ 7.0% cap · market cap 5.26%
Second Best
Multifamily LT 5
$515.7K
$451.3K – $601.7K
NOI $36,102 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$715.3K
$625.9K – $834.5K
NOI $50,069 @ 7.0% cap · market cap 7.20%
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?
Duplex - Historic 1890 residence with two units plus street-facing office space, garages, and ample on-site parking.
Where is this duplex located?
The property is located at 73 Child Street Warren, RI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Historic 1890 residence with 2 residential units, plus street‑facing professional office space in an addition; Mixed‑use setup includes row of 5 garage bays, plus a standalone workshop/studio building with an additional garage space; Ample on‑site parking with additional workshop/studio outbuilding space
