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8 Unit Warren 7.2 Cap! 130 Water St 8 Unit Apartment Building $2,466,972 CAD ($308,372 CAD/Unit) 7.20% Cap Rate Warren, RI 02885
Executive Summary
Legal 8-Unit multifamily in Warren with strong NOI and very low expenses. Newly renovated units, updated common area, new sprinkler system and a facade refresh in 2025. The property features separate utilities serving up to 10 units. Additional space on the top floor for expansion. Stable tenants and strong cashflow make this an easy turnkey investment.
Property Facts
| Price | $2,466,972 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $308,372 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.20% | Building Size | 4,595 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | VB - Apartment | ||
| Price | $2,466,972 CAD |
| Price Per Unit | $308,372 CAD |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,595 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | VB - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | WARR-000002-000000-000141 | Improvements Assessment | $688,061 CAD |
| Land Assessment | $152,627 CAD | Total Assessment | $840,688 CAD |
Property Taxes
Parcel Number
WARR-000002-000000-000141
Land Assessment
$152,627 CAD
Improvements Assessment
$688,061 CAD
Total Assessment
$840,688 CAD
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8 Unit Warren 7.2 Cap! | 130 Water St
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