New Listing - 04/21/2025
15 Thompson Street, Warren, RI, 02885
15 rooms
5 beds
5 Full baths
1900
Fantastic turnkey investment property in the heart of historic Warren, RI! 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!
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
R6
Garage:
No Garage
Heating:
Baseboard, Gas, Hot Water
Cooling:
None
Basement:
Full, Unfinished
Parking:
4-car
Acreage:
0.07
Est. Taxes:
$4,629
Assessment
$320,600
Construction
Drywall,Vinyl Siding
Utilities
Sewer Connected
Lot Description:
Cul-De-Sac
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Days on Market:
1
Appliances:
Gas Water Heater, Oven, Range, Refrigerator, Water Heater
MLS #:
1382522
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2025 State-Wide MLS, Inc. All rights reserved.
Listing courtesy of Engel & Volkers Phone: 401-638-0010