15 Thompson Street, Warren, RI 02885

$850,000

bedrooms

bathrooms

square feet

4,220

Acreage

Open Houses

year built

1900

Full Baths

Half Baths

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Fantastic turnkey investment opportunity in the heart of beautiful Warren, RI! This well-kept 5-unit apartment building features five 1-bedroom units, each fully applianced and offering individual electric and tenant-paid heat keeping owner expenses low. Located just steps from vibrant downtown, tenants enjoy a true walk-to-everything lifestyle: shops, dining, waterfront parks, and direct access to the East Bay Bike Path. The property is connected to city water and sewer, has durable vinyl siding, and offers both off-street and on-street parking on a quiet dead-end street. Rents are currently well below market value with strong upside potential. In addition, three fully finished bonus rooms on the upper level provide extra value ideal for office space or storage. Whether you're looking to move funds out of the stock market or crypto, or you're ready to stop renting and start building wealth, this asset delivers. Consider using a DSCR loan to qualify based on the building's income and expenses rather than your own. With steady cash flow, appreciation potential, and a prime location in one of Rhode Island's most charming towns, this is a smart addition to any portfolio. Don't miss out on this rare opportunity!

Location
Subdivision	Downtown Warren
County	Bristol
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1381527

Listing agent: The Dispirito Team

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

Last update: Wednesday, April 9 2025 at 10:33 a.m. EDT

Kotohomes National