OFF MARKET

Off Market Jun 2025 for $740K

—

•

2,900

sq ft

15 Thompson St, Warren, RI 02885

About this home

Fantastic turnkey investment in charming Warren, RI! Well-maintained 5-unit property features five 1-bed units with separate utilities, tenant-paid heat, and full appliances. Steps from vibrant downtown—shops, dining, waterfront parks, and East Bay Bike Path. City water/sewer, vinyl siding, ample parking on quiet dead-end street. Rents below market offer strong upside. Includes 3 bonus rooms ideal for office/storage. Steady cash flow, prime location—a smart addition to your portfolio!

Multi-familyProperty Type

1900Year Built

2,919 sq ftLot Size

$255Price/Sq.Ft.

4 spacesParking

Listed by Emilio DiSpirito • Engel & Volkers Oceanside

Bought with Non Member • Non Member Office

Redfin checked: 2 minutes ago

•Source:MLS PIN #73362097

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 02885, RI

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

103.4%

+1.4% MoM

Median sale price

$575K

$48K MoM

Avg. days on market

25d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

OPEN SUN, 11AM TO 12:30PM
$765,000
6 beds2 baths2,618 sq ft
27 Barney St, Warren, RI 02885
$569,900
4 beds3 baths2,234 sq ft
22 Pennsylvania Ave, Warren, RI 02885
COMING SOON
$998,000
2 beds3 baths2,483 sq ft
14 Bagy Wrinkle Cv #14, Warren, RI 02885
See all

Provided by Redfin

Sale history for 15 Thompson St

Date

Event

Price

RIS #1382522

Jun 30, 2025

Sold

$740,000

$255/sq ft

Jun 12, 2025

Pending

—

Apr 29, 2025

Contingent

—

Apr 21, 2025

Listed

$750,000

$259/sq ft

+42

Fantastic turnkey investment property in the heart of historic Warren, RI in an Opportunity Zone! This meticulously maintained 5-unit apartment building features five fully-applianced, 1-bedroom units with individual electric meters and tenant-paid heat keeping owner expenses low. Ideally located just steps from downtown Warren, tenants enjoy boutique shops, award-winning restaurants, waterfront parks, and the popular East Bay Bike Path. Connected to city water/sewer and featuring durable vinyl siding, the property offers ample off-street and on-street parking on a quiet dead-end street. Rents are currently below market, providing significant upside potential for increased cash flow. A savvy owner can maximize income with three additional finished bonus rooms upstairs perfect as rentable office spaces, storage units, or even a shared workspace for additional revenue. Consider leveraging a DSCR loan to qualify based on the property's income rather than personal finances. An exceptional asset for investors or owner-occupants don't miss out!

MLS PIN #73362097

Jun 30, 2025

Sold

$740,000

$255/sq ft

Apr 21, 2025

Listed

$750,000

$259/sq ft

RIS #1381527

Apr 19, 2025

Listing Removed

—

Apr 7, 2025

Listed

$850,000

$293/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$4,774 (+3.1%)

$83,700 + $236,900

$320,600

2024

$4,629 (+5.7%)

$83,700 + $236,900

$320,600

2023

$4,379 (−0.1%)

$83,700 + $236,900

$320,600

2022

$4,385 (+1.6%)

$77,400 + $166,100

$243,500

2021

$4,315 (+2.1%)

$77,400 + $166,100

$243,500

2020

$4,227 (+7.6%)

$77,400 + $166,100

$243,500

2019

$3,929 (+1.3%)

$49,100 + $156,500

$205,600

2018

$3,878 (+0.3%)

$49,100 + $156,500

$205,600

2017

$3,867 (−10.0%)

$49,100 + $156,500

$205,600

2016

$4,296

$43,100 + $172,000

$215,100

2015

$4,296 (−24.6%)

$43,100 + $172,000

$215,100

2014

$5,700

$43,100 + $240,900

$284,000

Tax history for 15 Thompson St

Year

Property tax

Land + Additions

Assessment*

2025

$4,774 (+3.1%)

$83,700 + $236,900

$320,600

2024

$4,629 (+5.7%)

$83,700 + $236,900

$320,600

2023

$4,379 (−0.1%)

$83,700 + $236,900

$320,600

2022

$4,385 (+1.6%)

$77,400 + $166,100

$243,500

2021

$4,315 (+2.1%)

$77,400 + $166,100

$243,500

2020

$4,227 (+7.6%)

$77,400 + $166,100

$243,500

2019

$3,929 (+1.3%)

$49,100 + $156,500

$205,600

2018

$3,878 (+0.3%)

$49,100 + $156,500

$205,600

2017

$3,867 (−10.0%)

$49,100 + $156,500

$205,600

2016

$4,296

$43,100 + $172,000

$215,100

2015

$4,296 (−24.6%)

$43,100 + $172,000

$215,100

2014

$5,700

$43,100 + $240,900

$284,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,919

Year renovated

—

Sq. Ft.

2,900

Year built

1900

Style

Multi-Family (5+ Unit)

County

Bristol County

APN

538576

Parking Spaces

Basement

Yes

Accessible

HOA Dues

—

Garage

Features

Views, Waterfront

Last updated by owner on Jul 6, 2025.

Property details

Parking

Parking Information
Has Open Parking
Parking Spaces: 4
Parking Features: Paved Drive, Off Street

Interior

Bathroom Information
# of Bathrooms (Full): 5

Basement Information
Basement: Full, Unfinished

Interior Features
# of Rooms (Total): 15
Flooring: Vinyl, Tile
Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Cathedral/Vaulted Ceilings, Living Room, Kitchen

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #3 Information
# of Levels: 1
# of Floors: 2

Unit #4 Information
# of Levels: 1
# of Floors: 2

Exterior

Building Information
Building Area (Total): 2,900
Foundation Details: Concrete Perimeter
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Actual
Color: Tan

Exterior Features
Roof: Shingle
Patio And Porch Features: Porch
Exterior Features: Rain Gutters

Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down

Lot Information
Lot Size (Acres): 0.07
Lot Features: Cul-De-Sac
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $4,629
Tax Year: 2024

Utilities

Utility Information
Utilities: for Gas Range
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, 100 Amp Service

Heating & Cooling
Has Heating
Heating: Natural Gas
Heating Units: 5
Cooling Units: 0

Location

Location Information
Directions: GPS
UnparsedAddress: 15 Thompson St, Warren RI 02885

Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School

Public facts

Beds: 5
Baths: 5.0
Sq. Ft.: 2,900
Stories: 3.0
Parking Spaces: 4
Basement: Yes
Accessible: No
Lot Size: 2,919 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Bristol County
APN: 538576
HOA Dues: —
Garage: No
Features: Views, Waterfront

Home facts updated by owner on Jul 6, 2025

Other

Miscellaneous Information
Heat Zones: 5

Listing Information
StandardStatus: Closed

Around this home

Schools

Hugh Cole School

Public PreK-5 • Assigned • 1.8mi

8/10

Kickemuit Middle School

Public 6-8 • Assigned • 1.4mi

7/10

Mt. Hope High School

Public 9-12 • Assigned • 3.4mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

7/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 96° expected this year, 15 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Warren, RI • 02885

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 4.6 hours in December, placing it below the U.S. average for solar exposure.

9 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 02885

OPEN SUN, 11AM TO 12:30PM

$765,000

6 beds2 baths2,618 sq ft

27 Barney St, Warren, RI 02885

$569,900

4 beds3 baths2,234 sq ft

22 Pennsylvania Ave, Warren, RI 02885

COMING SOON

$998,000

2 beds3 baths2,483 sq ft

14 Bagy Wrinkle Cv #14, Warren, RI 02885

Home values near 15 Thompson St

Data from public records.

Address	Redfin Estimate
9 Thompson Street #A, Warren, RI 2 Beds \| 1 Baths \| 540 Sq. Ft.	$294,423
11 Thompson Street, Warren, RI 4 Beds \| 2 Baths \| 1386 Sq. Ft.	$402,966

Address	Redfin Estimate
10 Thompson Street, Warren, RI 4 Beds \| 2 Baths \| 1768 Sq. Ft.	$467,511
10 Thompson Street, Warren, RI 4 Beds \| 2 Baths \| 1768 Sq. Ft.	—

Address	Redfin Estimate
16 Thompson Street, Warren, RI 4 Beds \| 2 Baths \| 1200 Sq. Ft.	$414,812
11 Thompson Street, Warren, RI 4 Beds \| 2 Baths \| 1386 Sq. Ft.	$401,574

Property information provided by MLS PIN when last listed in 2025. This data may not show owner updates. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 02885, RI

Sale history for 15 Thompson St

Tax history for 15 Thompson St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 02885

Home values near 15 Thompson St

More real estate resources