Warren, RI – 5-Unit Multi-Family Investment OpportunityExcellent opportunity to own a well-located 5-unit property consisting of two separate buildings near downtown Warren and the historic Water Street district. The front building offers three units, including a spacious owner’s unit with an additional family room, laundry room, and central air, plus two rental units. The rear building contains two additional units. Major improvements include an approximately 5-year-old roof on the front building and a 3-year-old roof on the rear building. Enjoy a 10-minute walk to downtown Warren’s restaurants, shops, waterfront, and the East Bay Bike Path, with bus service to Providence and Newport approximately 150 feet away. Solid rental history and a flexible setup make this an attractive opportunity for investors or owner-occupants seeking rental income.
Downton Warren, located between Main Street and the Warren River waterfront, is a historic and walkable Warren neighborhood with a compact downtown grid and a working-harbor edge. The neighborhood’s character concentrates around the Main Street and State Street crossroads, where galleries, coffee counters, and small storefronts line the sidewalks. WaterStreet Coffee anchors the daily rhythm, while the Warren Performing Arts Center and the historic Warren United Methodist Church add cultural and architectural gravitas. Streetscapes mix 19th-century wood-frame houses with brick commercial blocks and pocket greens. The East Bay Bike Path traces the shoreline, linking parks, marinas, and sunset views across the river.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Total of 25 rooms
Bathrooms
Five full bathrooms
Heating & cooling
Five heating zones
Five heating units
No central cooling units listed
Exterior features
Level lot
Bay and river frontage
Public road frontage
Home design
5+ multi-family property with units up and down
Five stories/levels total
Tan exterior
Parking
Paved driveway with four open parking spaces (total 4 spaces)
Construction
Frame construction
Concrete perimeter and stone foundation
Shingle roof
Built (year from public records)
Utilities
Public water
Public sewer
Public power (implied)
HOA & community
Not a senior community
Electricity and solar
View estimated energy costs and solar savings for this home