35&50, 20 Lake St, Oakland Beach Ave
Warwick, RI 02886
- 82 beds
- 45 baths
- 39,612 sqft
- ~3 acre lot
- $196 per sqft
- 1960 build
- – on site
More homes
The Oakland & Lake Estates multi-family investment portfolio is located at 35 & 50 Lake Street and 20 Oakland Beach Avenue in Warwick, RI. The Portfolio is a well maintained, stabilized asset in a growing, high demand real estate market that offers additional upside. The Portfolio is comprised of four multi-family buildings and contains forty-five residential units: two Studio units, four 1-Bed/1-Bath units, and thirty-nine 2-Bed/1-Bath units. Within the past three years, 31 units have been renovated, exteriors and interiors of the properties have been painted, hallway carpets have been replaced, and new high efficiency gas heating systems have been installed. The opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in the unrenovated units, allowing the incoming owner to maximize rents in a supply constrained market.
Last checked:
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Last updated Jan 28, 2025
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MLS# 73302196 —
The Building
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Year Built:1960
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Year Built Details:Actual
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Year Built Source:Public Records
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Roof:Shingle
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Foundation Details:Other
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Stories Total:3
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# of Units Total:45
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Building Area Total:39612
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Rooms Total:99
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Fireplace:false
Room Dimensions
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Living Area:39612
Location
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Directions:Please use GPS
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Latitude:41.698412
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Longitude:-71.398831
The Property
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Property Type:Residential Income
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Property Subtype:5+ Family - 5+ Units Up/Down
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Lot Features:Other
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Lot Size Units:Acres
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Lot Size Area:2.68
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Lot Size SqFt:116740
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Lot Size Acres:2.68
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Zoning:Comm Apts
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Waterfront:false
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Waterfront Features:Beach Front
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Farm Land Area Units:Square Feet
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Road Frontage Type:Public
Listing Agent
- Contact info:
- Office phone:
- (781) 776-4000
Taxes
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Tax Year:2024
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Tax Book Number:9990
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Tax Annual Amount:54196
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Tax Assessed Value:4492800
Beds
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Bedrooms Total:82
Baths
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Total Baths:45
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Total Baths:45
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Full Baths:45
The Listing
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Home Warranty:false
Utilities
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Electric:Individually Metered
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:false
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Community Features:Public Transportation
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Spa:false
Parking
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Garage:false
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Parking Total:80
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Parking Features:Off Street
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).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’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 |
|---|---|---|---|---|
|
1/24/25
Jan 24, 2025
|
Sold | MLSPIN | $7,800,000 | 4.0% |
|
12/2/24
Dec 2, 2024
|
Pending | MLSPIN | $7,500,000 | |
|
10/15/24
Oct 15, 2024
|
Listed / Active | MLSPIN | $7,500,000 |
