15 Thompson Street, Warren, RI 02885

$750,000

bedrooms

bathrooms

square feet

2,900

Acreage

Open Houses

year built

1900

Full Baths

Half Baths

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Fantastic turnkey investment property in the heart of historic Warren, RI! 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
Subdivision	-
County	Bristol
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1382521

Listing agent: The Dispirito Team

Listing broker: Engel & Völkers East Greenwich (401) 638-0010

Last update: Thursday, April 24 2025 at 10:51 p.m. EDT

Kotohomes National