15 Thompson Street
Warren, RI 02885
- 5 beds
- 5 baths
- 4,220 sqft
- 3,049 sqft lot
- $177 per sqft
- 1900 build
Fantastic 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!
Last checked:
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Last updated Apr 27, 2025
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MLS# 1382522 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1900
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New Construction:false
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Building Area Total:4220.0
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Construction Materials:Drywall,VinylSiding
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Foundation Details:ConcretePerimeter
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Stories Total:3
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Basement:Full,Unfinished
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Basement:true
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Patio And Porch Features:Balcony,Deck
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Exterior Features:Balcony,Deck,PavedDriveway
Interior
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Interior Features:StallShower
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Flooring:Carpet,CeramicTile,Laminate
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.736451
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Longitude:-71.285403
The Property
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Features:CulDeSac
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Lot Size Acres:0.07
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Lot Size Area:3049.0
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Lot Size Square Feet:3049.0
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Lot Size Units:SquareFeet
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Parcel Number:15THOMPSONSTWARN
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Zoning:R6
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 244-8355
- Office phone:
- (401) 638-0010
Taxes
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Tax Year:2024
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Tax Annual Amount:4629.0
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Tax Assessed Value:320600
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Tax Lot:47
Beds
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Bedrooms Total:5
Baths
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Total Baths:5
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Full Baths:5
The Listing
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Virtual Tour URL Unbranded:https://tour.RiLiving.com/15-Thompson-Street-Warren-RI-02885--1382522
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Virtual Tour URL Unbranded 2:https://eastgreenwich.evrealestate.com/en/properties/our-listings/15-Thompson-Warren-RI-02885-StateWideMLS-1382522
Heating & Cooling
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Heating:Baseboard,Gas,HotWater
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:SewerConnected
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Electric:Amps100,CircuitBreakers
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Sewer:Connected,PublicSewer
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater,Oven,Range,Refrigerator,WaterHeater
The Community
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Senior Community:false
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Community Features:Golf,HighwayAccess,Marina,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,TennisCourts,Sidewalks
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Waterfront Features:WalkToWater
Parking
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Parking Total:4.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/21/25
Apr 21, 2025
|
Listed / Active | RIMLS | $750,000 |
