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Executive Summary
Prime Downtown Warren Mixed-Use Investment Opportunity
• Exceptional 11-unit income-producing property featuring 2 street-level commercial storefronts and 9 residential apartments, creating a balanced and diversified revenue stream.
• Strategically positioned in the heart of Warren’s vibrant waterfront district, surrounded by popular restaurants, local shops, and the East Bay Bike Path.
• Strong tenant demand, excellent commercial exposure, and convenient walkability make this property a standout asset for investors seeking dependable performance.
• Situated on 0.083± acres (3,615± SF) with VB zoning and a 9,844± SF building, offering valuable space within one of Rhode Island’s most desirable coastal communities.
• Exceptional 11-unit income-producing property featuring 2 street-level commercial storefronts and 9 residential apartments, creating a balanced and diversified revenue stream.
• Strategically positioned in the heart of Warren’s vibrant waterfront district, surrounded by popular restaurants, local shops, and the East Bay Bike Path.
• Strong tenant demand, excellent commercial exposure, and convenient walkability make this property a standout asset for investors seeking dependable performance.
• Situated on 0.083± acres (3,615± SF) with VB zoning and a 9,844± SF building, offering valuable space within one of Rhode Island’s most desirable coastal communities.
Property Facts
| Price | $2,942,226 CAD | Building Class | C |
| Price Per Unit | $267,475 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 9,844 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.02/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | VB - Stores & Residential | ||
| Price | $2,942,226 CAD |
| Price Per Unit | $267,475 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,844 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.02/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | VB - Stores & Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 9 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $941,372 CAD | |
| Land Assessment | $303,189 CAD | Total Assessment | $1,244,562 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$303,189 CAD
Improvements Assessment
$941,372 CAD
Total Assessment
$1,244,562 CAD
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