PENDING
$50K PRICE DROP
951 Main St West Warwick, RI 02893
Lippitt-Harris NeighborhoodEstimated payment $4,815/month
Total Views
10,423
8
Beds
4
Baths
3,456
Sq Ft
$203
Price per Sq Ft
Highlights
- 0.71 Acre Lot
- Bathtub with Shower
- Ceramic Tile Flooring
- Deck
- Storage Room
- Zoned Heating
About This Home
Exceptional Multi-Family Investment Opportunity in West Warwick! Discover this rare chance to own two side-by-side two-family homes on a spacious 0.7-acre lot, offering a total of four townhouse-style units each featuring 2 bedrooms, 1 full bath, private basement access, laundry, parking for each unit with separate entrances and utilities. With over 3,400 square feet of living space, this property is a proven income generator with fully tenant-occupied units and reliable, rent-paying tenants in place. Option for owner ocupancy. Built in 1987 and extensively updated, this low-maintenance investment includes: New rear decks and a fully paved lot with all potholes professionally repaired Renovated front units with new flooring, paint, cabinets, lighting, plumbing fixtures, doors, and more New water heaters, gas boiler valves, bath vanities, blinds, and bath fans in multiple units Separate gas and electric meters Gas and Electric utilities paid by tenants Annual boiler servicing for proactive upkeep Bonus owner's storage/office space. Located in a friendly neighborhood known for its occasional local parades and festivals, this property also boasts excellent walkability to popular eateries. Whether you're looking to expand your portfolio or invest for the future, this multi-family is an exceptional find in the heart of West Warwick.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,400
Year Built
- Built in 1987
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 3,456 Sq Ft Home
- 2-Story Property
- Storage Room
- Laundry in unit
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 8 Parking Spaces
- No Garage
- Driveway
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- 220 Volts
- 100 Amp Service
- Gas Water Heater
Additional Features
- Deck
- 0.71 Acre Lot
Listing and Financial Details
- Tax Lot 365
- Assessor Parcel Number 951MAINSTWWAR
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Operating Expense $6,045
Map
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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 |
|---|---|---|---|---|
| 2024 | $9,158 | $447,400 | $73,000 | $374,400 |
| 2023 | $8,979 | $447,400 | $73,000 | $374,400 |
| 2022 | $8,836 | $447,400 | $73,000 | $374,400 |
| 2021 | $9,409 | $314,800 | $55,900 | $258,900 |
| 2020 | $9,409 | $314,800 | $55,900 | $258,900 |
| 2019 | $9,230 | $314,800 | $55,900 | $258,900 |
| 2018 | $7,420 | $194,800 | $48,100 | $146,700 |
| 2017 | $7,393 | $194,800 | $48,100 | $146,700 |
| 2016 | $7,260 | $194,800 | $48,100 | $146,700 |
| 2015 | $7,775 | $208,600 | $48,100 | $160,500 |
| 2014 | $5,296 | $208,600 | $48,100 | $160,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 06/05/2025 06/05/25 | Price Changed | $699,900 | -3.4% | $203 / Sq Ft |
| 05/05/2025 05/05/25 | Price Changed | $724,900 | -3.3% | $210 / Sq Ft |
| 04/03/2025 04/03/25 | For Sale | $749,900 | +38.9% | $217 / Sq Ft |
| 04/29/2022 04/29/22 | For Sale | $540,000 | 0.0% | $156 / Sq Ft |
| 04/28/2022 04/28/22 | Sold | $540,000 | -- | $156 / Sq Ft |
Source: State-Wide MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $540,000 | None Available | |
| Warranty Deed | $174,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $530,219 | FHA | |
| Previous Owner | $280,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $157,050 | Commercial |
Source: Public Records
Similar Homes in West Warwick, RI
Source: State-Wide MLS
MLS Number: 1381639
APN: WWAR-000003-000365-000000
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