Updated Residential Income
8 Snells Court West Warwick, RI 02893
New
8 Snells Court, West Warwick, RI, 02893
$549,900
For Sale
$549,900
MULTI_FAMILY - West Warwick, RI
Property Size2,989 SF
Lot Size0.11 Acres
Price / SF$183.97
Days on Market2
Property Features for 8 Snells Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 5, Basement, Bedroom 4
- Parking
- 5
- Parking features
- None
- Window features
- Insulated Windows
- Patio and Porch features
- Porch
- Interior features
- Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Attic, Stairs, Plumbing (Mixed), Insulation (Cap), Insulation (Ceiling)
- Exterior features
- Porch
- Basement
- Full, Unfinished
- Appliances
- Electric Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,989 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4177
Utilities
- Heating system
- Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Carpet, Vinyl, Tile - Ceramic
- Building materials
- Dry Wall, Paneled, Plaster, Clapboard, Other Siding, Shingles
Listing Agency
Re/Max Real Estate Center
(401) 823-7600
37 Sandy Bottom Road, Foxboro, RI
Listed by
Mary Lyons
(508) 543-3922
Added: Jul 17 Checked: Jul 18 at 8:06 am
MLS# 1418150
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.
Investment Insights
Based on property information with market context.
This residential income property features two 3-unit apartments and a third-floor 2-bedroom unit. Units 1 and 2 are currently vacant and ready for new occupants. The separate utilities are set up per unit, and there is a coin-operated washer and dryer in the basement. The interior of the units is identified as lead safe, while the exterior needs siding to be compliant.
The property is located on a dead-end street and is described as the last house on the court. The listing address is 8 Snells Court in West Warwick, Rhode Island (02893).
In its current configuration, the building provides spacious apartment layouts across multiple levels, with separate metering and onsite coin laundry for residents.
The property is located on a dead-end street and is described as the last house on the court. The listing address is 8 Snells Court in West Warwick, Rhode Island (02893).
In its current configuration, the building provides spacious apartment layouts across multiple levels, with separate metering and onsite coin laundry for residents.
Key Highlights
- Multi‑family with two 3‑unit apartments plus a 2‑bedroom apartment on the third floor
- Units 1 and 2 are currently vacant and ready for new occupants
- Separate utilities for the units, plus coin‑operated washer/dryer in the basement
Local Financial Insights For Multifamily LT 5
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 | $66.4k | $22.20 |
| − Vacancy | −$4.3k | −$1.44 |
| EGI | $62.0k | $20.76 |
| − OpEx | −$18.6k | −$6.23 |
| NOI | $43.4k | $14.53 |
2,989 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$620.4K
$542.9K – $723.8K
NOI $43,430 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$570.0K
$498.7K – $665.0K
NOI $39,897 @ 7.0% cap · market cap 7.26%
Theoretical Best
Specialty Retail
$748.6K
$655.0K – $873.4K
NOI $52,403 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two units are vacant and ready, with separate utilities and coin-operated laundry in the basement.
Where is this triplex located?
The property is located at 8 Snells Court West Warwick, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Multi‑family with two 3‑unit apartments plus a 2‑bedroom apartment on the third floor; Units 1 and 2 are currently vacant and ready for new occupants; Separate utilities for the units, plus coin‑operated washer/dryer in the basement
