Seller's Agent in 2025
The DiSpirito Team
Engel & Volkers Oceanside
(401) 244-8355
2 in this area
464 Total Sales
15 Thompson St Warren, RI 02885
Downtown Warren Neighborhood
5
Beds
5
Baths
4,220
Sq Ft
3,049
Sq Ft Lot
Highlights
- Marina
- Deck
- Balcony
- Golf Course Community
- Tennis Courts
- Walking Distance to Water
About This Home
As of June 2025Fantastic 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,629
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Cul-De-Sac
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,220 Sq Ft Home
- 3-Story Property
- Storage Room
- Utility Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
Flooring
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Parking
- 4 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Walking Distance to Water
- Balcony
- Deck
Location
- Property near a hospital
Utilities
- No Cooling
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 47
- Assessor Parcel Number 15THOMPSONSTWARN
Community Details
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Additional Features
- 4 Units
- Operating Expense $14,302
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $740,000 | -1.3% | $175 / Sq Ft |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- |
| 04/21/2025 04/21/25 | For Sale | $750,000 | -- | $178 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
The DiSpirito Team
-
Mekkel Blanchard
Buyer's Agent in 2025
Mekkel Blanchard
Cameron Prestige, LLC
(781) 636-8128
1 in this area
66 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1382522
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