1342 Main St West Warwick, RI 02893
This exceptional investment opportunity presents a remarkable multi-family property situated on a substantial 11,761 square foot lot at 1342 Main Street, West Warwick, Rhode Island, 02893. The property comprises two buildings, each boasting three stories, and a total of four residential units. Constructed in 1920, this property offers significant potential for both immediate income generation and future development. The convenient location in downtown West Warwick provides easy access to major roadways, facilitating effortless commutes. Nearby amenities include a variety of shopping options, diverse restaurants, and readily available public transportation. Recreational opportunities abound with proximity to parks, a bike path, and the Bald Hill Road area. The asking price for this property is $700,000. This presents a rare chance to acquire a well-situated multi-family property in a thriving Rhode Island community. The property's size and location make it an attractive investment for both seasoned and aspiring real estate investors. The existing units offer immediate rental income potential, while the substantial lot size allows for potential expansion or redevelopment opportunities. This is a truly unique opportunity to own a piece of West Warwick's vibrant landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.