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Property profile & analytics
OFF-MARKET
Commercial real estate

1342 Main St West Warwick, RI 02893

Built 1920
Property ID
US76-0117743
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1920
UPID US76-0117743
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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