$815,000

About this home

Fully occupied, lead-certified four-unit investment property generating approximately $7,700 per month ($92,400 annually) in gross rental income. All four units feature 2 bedrooms and 1 bathroom, offering a strong and consistent unit mix with established in-place income. Designed for efficient ownership, tenants are responsible for their own heating expenses, while minimal common areas maximize rentable square footage. Significant recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows, helping reduce near-term capital needs. The property is also equipped with a recently tested and certified commercial fire alarm system. Heating systems include a combination of forced hot air and boiler heat. Set on a large lot with ample off-street parking, this property offers an attractive combination of strong current income, low-maintenance ownership and long-term upside. Conveniently located near shopping, dining, highways and area amenities, with continued investment and development occurring nearby. A turnkey opportunity to acquire a stabilized four-unit asset with strong cash flow and substantial improvements already completed.

Property facts

Property type

Multi Family

Year built

1910

Lot size (acres)

0.4

Total rooms

16

Garage spaces

0

Total parking

8

Annual taxes

$7,024

Tax year

2025

Neighborhood

West Warwick

County

Kent

Features

Heating

Bottle Gas, Oil, Baseboard, Forced Air

Cooling

None

Basement

Full, Interior Only, Unfinished, Laundry, Storage Space, Utility

Appliances

Dishwasher, Oven, Range, Electric Water Heater

Interior

Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Floors), Insulation (Walls)

Fireplace

None

Laundry

In Building

Parking

No Garage

Construction

Dry Wall, Vinyl Siding

Utilities

Sewer Connected, Water Connected

Sewer

Public

Water

Public

Community

Bus, Commuter Bus, Highway Access, Hospital, Interstate, Recreational Facilities, Restaurants, Schools, Shopping, Tennis

Lot

Paved Driveway

Location