388 Child St, Warren, RI 02885
For Sale
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Value Add Investment Alert! Amazing offering in the heart of Warren. This multifaceted property has a ton of potential for increased revenue development. The property currently features a three family Victorian, a single family Colonial and a vacant lot which previously had a house on it as such is likely easily built upon. In addition there is ample land area behind the existing homes for another potential Cottage, ADU, Garage, etc. The first building: 388 Child is an attractive three family Victorian with sizable 2-3 bedroom units on the 1st 2nd floors and a 1 bedroom unit on the 3rd floor. The character and charm that abound this Victorian are endless irreplaceable. The second building: 384 Child is a beautiful Colonial with soaring ceilings and charming period details. This home offers 4 bedrooms and is ready to be restored to its original glory. All units offer separate electric, gas and water utilities. The vacant lot to the left of 384 Child already has a curb cut, all public utilities available and will likely provide a building site for another single or two family home. The excess land behind the existing structures adds another value add aspect of this dynamic offering. Zoned Village Business the possibilities are endless. Also being offered with 367 Child (2 unit commercial building), 373 Child (2 family), 377 Child (mixed use building) an oversized detached garage for $1.499m (MLS# 1406004). Call/text/email agent for more details. Opportunity is knocking!
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
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.
