32 Harris Avenue West Warwick

$815,000
8 4 2,979 sq ft

The Property

Exceptional opportunity to acquire a fully occupied, lead-certified four-unit multifamily property with strong in-place cash flow and significant recent improvements. All four units feature 2 bedrooms and 1 bathroom, generating approximately $7,500 per month ($90,000 annually) in gross rental income. Recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows. The property is equipped with a commercial fire alarm system that has been recently tested and certified, providing peace of mind for investors.

Heating systems include a combination of forced hot air and boiler heat, with tenants responsible for their own heating expenses. Designed with efficiency in mind, the building offers minimal common area and excellent rentable square footage utilization. Situated on a large lot, the property also benefits from ongoing neighborhood investment, including a new townhome development currently under construction just down the street on Harris Avenue. A turnkey investment opportunity offering strong current returns, low-maintenance ownership, and long-term upside.

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Listing Details

MLS Number

1416180

Lot Size:

0.40 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Tennis
  • Heating: Bottle Gas, Oil, Baseboard, Forced Air
  • Heating Fuel: Bottle Gas, Oil, Baseboard, Forced Air
  • Laundry
  • Paved Driveway
  • Year Built: 1910

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Market Trends for Single Family Homes
in West Warwick

  • Overview
    Homes for Sale Today43-95.3% decrease in inventory
    New on Market *375.7% increase in new listings
    Avg. Asking Price/Sq.Ft. *$294.48$106 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$418,885$16,193 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.34%-1.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$302.06$1 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *570 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

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