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Three-Unit Multifamily Property

8 Palmer Avenue, Warren, RI 02885

For Sale
$599,000

Three apartments are paired with three garage spaces that can provide additional rental income.

Property Size4,416 SF
Price / SF$135.64
Days on Market8

Property Features for 8 Palmer Avenue

General Information

Standard status Active
Size 4,416 SF
Total Parking Spaces 3
Property subtype MultiFamily

Additional Details

Multifamily Units 3

Building Details

Year Built 1990
Listing Agency: Coldwell Banker Realty
Listed By: Lisa Barbary · License #RES.0041046
Source: Lockandkeyre
Added: Oct 31 Changed: Nov 6 Last Checked: Nov 6 at 10:19AM

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 Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

This multifamily property contains three apartments and three garage spaces, offering separate residential and garage components. The building was constructed in 1990 and has updated FHA heating systems and a newer roof. Lead certificates are also in place.

A survey is available for the property. The address is 8 Palmer Avenue in Warren, Rhode Island.

Key Highlights

  • Three apartments and three garage spaces
  • Updated FHA heating systems
  • Roof described as young

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

680
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three apartments are paired with three garage spaces that can provide additional rental income.
Where is this triplex located?
The property is located at 8 Palmer Avenue Warren, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three apartments and three garage spaces; Updated FHA heating systems; Roof described as young
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