403 Commonwealth Ave Warwick, RI 02886
Bald Hill NeighborhoodEstimated payment $4,796/month
About This Home
Incredible multi-family opportunity in Warwick, RI featuring two buildings on one lot one multi-family and one single-family residence. All units are currently occupied, with tenants paying their own utilities, offering immediate income potential and strong investment appeal. The units are modern and updated, featuring stainless steel appliances and attractive finishes throughout. Additional living space in finished basement provided extra rental income. Off-street parking provides added convenience for residents. Located in a well-established residential area of Warwick, this property offers easy access to everyday amenities. Just minutes to TF Green International Airport, ideal for commuters and travelers. Close to I-95, Route 37, and Route 2 for convenient access to Providence and South County. Near Warwick Mall and the Route 2 retail corridor, plus a short drive to the waterfront and Narragansett Bay. Convenient to Kent Hospital, parks, schools, and community services making this a prime investment opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,117
Year Built
- Built in 1865
Lot Details
- 1.1 Acre Lot
Home Design
- Vinyl Siding
Interior Spaces
- 5,232 Sq Ft Home
- Laminate Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 8 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Tax Lot 007
- Assessor Parcel Number 403405COMMONWEALTHAVWARW
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $7,117 | $560,400 | $150,200 | $410,200 |
| 2024 | $6,935 | $479,300 | $124,400 | $354,900 |
| 2023 | $7,409 | $522,100 | $124,400 | $397,700 |
| 2022 | $7,325 | $391,100 | $92,300 | $298,800 |
| 2021 | $7,325 | $391,100 | $92,300 | $298,800 |
| 2020 | $7,325 | $391,100 | $92,300 | $298,800 |
| 2019 | $7,325 | $391,100 | $92,300 | $298,800 |
| 2018 | $5,760 | $279,000 | $83,800 | $195,200 |
| 2017 | $5,647 | $279,000 | $83,800 | $195,200 |
| 2016 | $5,647 | $279,000 | $83,800 | $195,200 |
| 2015 | $5,787 | $278,900 | $90,400 | $188,500 |
| 2014 | $5,595 | $278,900 | $90,400 | $188,500 |
| 2013 | $5,519 | $278,900 | $90,400 | $188,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/16/2026 03/16/26 | For Sale | $799,000 | +99.8% | $153 / Sq Ft | |
| 11/04/2022 11/04/22 | Sold | $400,000 | -33.3% | $64 / Sq Ft | View Prior Sale |
| 02/10/2022 02/10/22 | Pending | -- | -- | -- | |
| 06/13/2021 06/13/21 | For Sale | $599,900 | -- | $97 / Sq Ft |
Source: State-Wide MLS
MLS Number: 1406672
APN: WARW 26000070000
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