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Historic Four-Unit Multifamily Property
New
For Sale
$895,000

77 Water Street, Warren, RI 02885

Circa-1780 Colonial property with separate utilities and private outdoor space for each residence.

Property SizeContact for details
Days on Market6

Property Features for 77 Water Street

General Information

Standard status Active
Property subtype Multi-family

Additional Details

Public Transit Yes
Multifamily Units 4

Building Details

Year Built 1780
Construction New England Colonial
Listing Agency: Residential Properties Ltd.
Listed By: Paula Silva
Source: Residentialproperties
Added: Aug 25 Changed: Aug 29 Last Checked: Aug 29 at 11:12PM

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 Shubael Mason House is a four-unit multifamily property dating to 1780, designed in the character of a New England Colonial. Each residence includes its own deck or porch, while occupants pay their own utilities. The property is positioned within the Waterfront Historic District and National Register district, supporting preservation of its architectural character alongside future improvements.

Located at 77 Water Street, the building is one block from the water and adjacent to the restored American Tourister Mill building and public waterfront walkway. Independent shops, restaurants, galleries, and cafes are nearby, with access to the Eastbay Bikepath and a bus stop. The property is a 15 min drive to Prov, 25min to the airport or New Bedford Ferries and the Cape. No flood insurance required.

Key Highlights

  • Four‑unit multifamily property dating to 1780
  • Each unit includes a deck or porch
  • Residents pay their own utilities

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Garden Center Locksmith Daycare Center Home Appliance Store

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

660
Businesses Nearby

Demographics for 02885, RI

11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
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?
Quadplex - Circa-1780 Colonial property with separate utilities and private outdoor space for each residence.
Where is this quadplex located?
The property is located at 77 Water Street Warren, RI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four‑unit multifamily property dating to 1780; Each unit includes a deck or porch; Residents pay their own utilities
More about this property
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