James Duffer
RISE REC
(401) 681-8732
168 Total Sales
1 in Downtown Warren
$380,000 Price
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!
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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
- Hot Water Heating System
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2025
Closed on
Jun 30, 2025
Sold by
Bought by
Seller's Agent
The DiSpirito Team
Engel & Volkers Oceanside
Buyer's Agent
Mekkel Blanchard
Cameron Prestige, LLC
List Price
$750,000
Sold Price
$740,000
Premium/Discount to List
-$10,000
-1.33%
Views
9
Purchase Details
Closed on
May 9, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 30, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
4.12%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Warren, RI
-
James Duffer
-
Matthew Antonio
Matthew Antonio
Corcoran Chart House Realty
(401) 425-3054
108 Total Sales
5 in Downtown Warren
$466K - $1.2M Price Range
-
Renee Moussally
Renee Moussally
Coldwell Banker Realty
(401) 208-2623
126 Total Sales
1 in Downtown Warren
$530,100 Price
-
Lisa Ardente
Lisa Ardente
Compass
(401) 214-9741
73 Total Sales
1 in Downtown Warren
$435,000 Price
-
Bethany Johnsen
Bethany Johnsen
Residential Properties Ltd.
(401) 681-3089
42 Total Sales
1 in Downtown Warren
$301,000 Price
-
Friedman Group
Friedman Group
Compass
(401) 593-2793
97 Total Sales
2 in Downtown Warren
$275K - $475K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $740,000 | -- | ||
| $300,000 | None Available | ||
| $185,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $35,000 | ||
| Closed | $240,000 | ||
| Previous Owner | $138,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,774 | $320,600 | $83,700 | $236,900 |
| 2024 | $4,629 | $320,600 | $83,700 | $236,900 |
| 2023 | $4,379 | $320,600 | $83,700 | $236,900 |
| 2022 | $4,385 | $243,500 | $77,400 | $166,100 |
| 2021 | $4,315 | $243,500 | $77,400 | $166,100 |
| 2020 | $4,227 | $243,500 | $77,400 | $166,100 |
| 2019 | $3,929 | $205,600 | $49,100 | $156,500 |
| 2018 | $3,878 | $205,600 | $49,100 | $156,500 |
| 2017 | $3,867 | $205,600 | $49,100 | $156,500 |
| 2016 | $4,296 | $215,100 | $43,100 | $172,000 |
| 2015 | $4,296 | $215,100 | $43,100 | $172,000 |
| 2014 | $5,700 | $284,000 | $43,100 | $240,900 |
Source: Public Records
Agents Affiliated with this Home
-
The DiSpirito Team
Seller's Agent in 2025
The DiSpirito Team
Engel & Volkers Oceanside
(401) 244-8355
26 in this area
463 Total Sales
-
Mekkel Blanchard
Buyer's Agent in 2025
Mekkel Blanchard
Cameron Prestige, LLC
(781) 636-8128
1 in this area
79 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1382522
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