Mixed-Use Live-Work
73 Child Warren, RI 02885
73 Child, Warren, RI, 02885
$695,000
For Sale
$695,000
Historic 1890 residence with two apartments, street-facing offices, multiple garage bays, and ample parking near arts and waterfront.
Property Size4,009 SF
Price / SF$173.36
Days on Market37
Property Features for 73 Child
General Information
- Standard status
- Active
- Size
- 4,009 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing Agency
RESIDENTIAL PROPERTIES LTD.
(401) 245-9600
Listed by
DORY SKEMP
Source
Corcoran
Added: Jun 10 Checked: Jul 16 at 10:42 am
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 RESIDENTIAL PROPERTIES LTD.
Investment Insights
Based on property information with market context.
The property at 73 Child Street is a well-established mixed-use building anchored by a historic 1890 residence containing two residential units. A street-facing addition provides professional office space, supported by a row of five garage bays. Additional improvements include a standalone workshop or studio building with an extra garage space, along with ample on-site parking.
The site is located in Warren’s arts and waterfront district. It sits adjacent to the East Bay Bike Path, about one block from Main Street, and one block from the artists’ studios at Cutler Mill. The active working waterfront along the Warren River is approximately three blocks away.
Designed as a grandfathered mixed-use property within Warren’s Business District zoning, it supports a flexible live-work environment. The combination of residential units, office space, and multiple garage and workshop/studio options can fit a range of owner-occupant and income-focused strategies for entrepreneurs, artists, makers, and other operators seeking multiple space types on one property.
The site is located in Warren’s arts and waterfront district. It sits adjacent to the East Bay Bike Path, about one block from Main Street, and one block from the artists’ studios at Cutler Mill. The active working waterfront along the Warren River is approximately three blocks away.
Designed as a grandfathered mixed-use property within Warren’s Business District zoning, it supports a flexible live-work environment. The combination of residential units, office space, and multiple garage and workshop/studio options can fit a range of owner-occupant and income-focused strategies for entrepreneurs, artists, makers, and other operators seeking multiple space types on one property.
Key Highlights
- Historic 1890 residence with 2 residential units
- Street‑facing addition includes professional office space
- Includes 5 garage bays plus ample on‑site parking
Local Financial Insights For Apartment 5plus
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 | $117.9k | $29.40 |
| − Vacancy | −$7.3k | −$1.82 |
| EGI | $110.6k | $27.58 |
| − OpEx | −$49.8k | −$12.41 |
| NOI | $60.8k | $15.17 |
4,009 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Office B
$980.0K
$857.5K – $1.14M
NOI $68,599 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$868.7K
$760.1K – $1.01M
NOI $60,806 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,886 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Historic 1890 residence with two apartments, street-facing offices, multiple garage bays, and ample parking near arts and waterfront.
Where is this live-work space located?
The property is located at 73 Child 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; Includes 5 garage bays plus ample on‑site parking
