220 Washington ST, West Warwick, RI 02893
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220 Washington ST, West Warwick, RI 02893
220 Washington ST, West Warwick, RI 02893
220 Washington ST, West Warwick, RI 02893
220 Washington ST, West Warwick, RI 02893
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Spectrum Real Estate Consultants

Spectrum Real Estate Consultants

+1(401) 480-8990
$ 999,000
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220 Washington ST West Warwick, RI 02893

4,295 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,295 sqft

Price per Sqft $232

Subdivision Arctic

MLS Listing ID 1426001

HOA Y/N No

Abv Grd Liv Area 4,295

Year Built 1900

Annual Tax Amount $11,597

Tax Year 2025

Lot Size 4,792 Sqft

Property Sub-Type Commercial

Property Description

Welcome to 220 Washington Street, a six-unit multifamily property offering an attractive opportunity for investors seeking reliable cash flow. Featuring a desirable mix of one-, two-, and three-bedroom apartments, the current monthly rents total $9,060, providing $108,720 in scheduled gross annual rental income. All tenants are on month to month leases with excellent payment history. Some rents are below market, giving the buyer immediate value-add potential.

Two fully renovated apartments feature dishwashers, microwaves, and in-unit laundry, while four classic apartments have had some updates and enjoy access to a shared coin-operated washer and dryer, offering added convenience for tenants and potential supplemental income. Tenants pay their own electricity, while gas is paid by the owner.

Within the last five years a full roof replacement was performed, new electrical service and panels installed, and new AO Smith water heater installed. The modern Buderus cast iron gas boiler was professionally serviced prior to this heating season, ensuring reliability.

Conveniently located with access to local shopping, dining, services, and major commuting routes, 220 Washington offers the potential to build on existing income while exploring future value-add opportunities.

Don't miss this opportunity to own a solid six-unit multifamily property in the desirable Arctic village of West Warwick! Contact us today for additional information and to schedule a showing.

Location

State RI

County Kent

Community Arctic

Rooms

Basement Full

Interior

Heating Baseboard, Gas, Hot Water

Furnishings Unfurnished

Laundry Common Area, In Unit, Laundry Room

Exterior

Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Street Surface Paved

Total Parking Spaces 8

Building

Story 3

Foundation Brick/Mortar, Combination, Stone

Sewer Connected, Sanitary

Water Connected, Public

Level or Stories 3

New Construction No

Others

Tax ID 220WASHINGTONSTWWAR

Security Features Carbon Monoxide Detector(s),Fire Alarm,Smoke Detector(s),Security Lights,Security Service

Virtual Tour https://tour.RiLiving.com/220-Washington-Street-West-Warwick-RI-02893


Listed by Start Realty

Nearby Locations

Spectrum Real Estate Consultants

Spectrum Real Estate Consultants

Admin

+1(401) 480-8990

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220 Washington ST