RI > Warren
Warren, RI 02885,15 Thompson ST
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Warren, RI 02885,15 Thompson ST
Warren, RI 02885,15 Thompson ST
Warren, RI 02885,15 Thompson ST
Warren, RI 02885,15 Thompson ST
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Jennifer Cosgrove O'Leary

Jennifer Cosgrove O'Leary

+1(401) 269-6015
$ 750,000
Est. payment /mo
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Pending

15 Thompson ST Warren, RI 02885

5 Beds

5 Baths

4,220 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,220 sqft

Price per Sqft $177

MLS Listing ID 1382522

Bedrooms 5

Full Baths 5

HOA Y/N No

Abv Grd Liv Area 4,220

Year Built 1900

Annual Tax Amount $4,629

Tax Year 2024

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Multi Family

Property Description

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!

Location

State RI

County Bristol

Zoning R6

Rooms

Basement Full, Unfinished

Interior

Interior Features Stall Shower

Heating Baseboard, Gas, Hot Water

Cooling None

Flooring Carpet, Ceramic Tile, Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Water Heater, Oven, Range, Refrigerator, Water Heater

Exterior

Exterior Feature Balcony, Deck, Paved Driveway

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks

Utilities Available Sewer Connected

Waterfront Description Walk to Water

Porch Balcony, Deck

Total Parking Spaces 4

Garage No

Building

Lot Description Cul-De-Sac

Foundation Concrete Perimeter

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Drywall,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 15THOMPSONSTWARN

Virtual Tour https://tour.RiLiving.com/15-Thompson-Street-Warren-RI-02885--1382522

© 2025 State-Wide Multiple Listing Service. All rights reserved.
Listed by Engel & Volkers
agent

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

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15 Thompson ST