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Property profile & analytics
FOR SALE
Apartment buildings

126 Main St Warren, RI 02885

Built 1920
Individually Owned 10-yr Hold
Property ID
US76-0093306
Property summary
AI-generated overview

Warren, RI - 5-Unit Multi-Family Investment Opportunity Well-located 5-unit property consisting of two separate buildings, just a short walk to downtown Warren and the historic Water Street district. Enjoy close proximity to popular restaurants, the East Bay Bike Path, and convenient public transportation-with a bus line to Providence and Newport only 150 feet from the property. The front building features three units, including a spacious owner-occupied unit along with two rental units. The rear building offers two additional units, providing a strong and flexible income setup. Tenants and owners alike will appreciate the easy 10-minute walk to downtown amenities, making this an attractive and highly rentable location. Property boasts a solid rental history, making it an excellent opportunity for both investors and owner-occupants.

Property profile
Verified
Property type Apartment buildings
Year built 1920
UPID US76-0093306
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Joseph A Mastriano · 10 yrs held
Joseph A Mastriano
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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