Mixed-Use Live-Work
73 Child Street, Warren, RI 02885
New
MULTI_FAMILY - Warren, RI
Type:Apartment
Property size:
2,138 SFLot size:
0.20 AcresPrice / SF:
$325/SF- Added:
- Jun 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 12 at 1:06 am
Property Features for 73 Child Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- B
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Basement
- Parking
- 11
- Window features
- Storm Window(s)
- Patio and Porch features
- Porch, Patio
- 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
- Active
- 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
- Heat Pump (Heating), Steam, Electric (Heating), Natural Gas
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 agent Dory Skemp (401) 439-7705
Listing office Residential Properties Ltd. 259 County Road, RI (401) 245-9600
Listing date Jun 10, 2026
MLS# 1414668
Listing URL
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.
HighLights
- Historic 1890 residence with 2 residential units
- Street‑facing addition includes professional office space
- Mixed‑use property with 5 garage bays plus an additional standalone workshop/studio building with garage space
- Ample on‑site parking
- Heat options include natural gas steam and heat pump heating, with electric heating; electric water heater included
- Public sewer connected; construction includes aluminum siding and vinyl siding
Overview
This mixed-use property centers on a historic 1890 residence with two residential units, complemented by professional office space in a street-facing addition. The overall site also includes a row of five garage bays and a standalone workshop or studio building with an additional garage space, supported by ample on-site parking. The property is configured to accommodate both living and working needs within the same footprint, with multiple structures and flexible space types.
Situated in Warren’s arts and waterfront district, the building is 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 working waterfront along the Warren River about three blocks away. The property falls under Warren’s Business District zoning, identified here as zoning B, and is described as a grandfathered mixed-use asset.
For buyers or operators seeking a live-work environment, this combination of residential units, street-facing office space, workshop/studio area, and garage capacity supports a range of business uses alongside on-site residency. The multiple buildings and parking provisions can also be practical for owners looking to manage day-to-day operations and storage needs from the same location.
Situated in Warren’s arts and waterfront district, the building is 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 working waterfront along the Warren River about three blocks away. The property falls under Warren’s Business District zoning, identified here as zoning B, and is described as a grandfathered mixed-use asset.
For buyers or operators seeking a live-work environment, this combination of residential units, street-facing office space, workshop/studio area, and garage capacity supports a range of business uses alongside on-site residency. The multiple buildings and parking provisions can also be practical for owners looking to manage day-to-day operations and storage needs from the same location.
Local 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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Bristol
- State
- Rhode Island
- Longitude
- -71.280201
- Latitude
- 41.729927
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Historic mixed-use building with office space, two residential units, multiple garages, and ample on-site parking.
Where is this live-work space 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; Street‑facing addition includes professional office space; Mixed‑use property with 5 garage bays plus an additional standalone workshop/studio building with garage space
