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15 Thompson Street, 
Warren, RI 02885

$750,000


5

Beds


5

Baths


4,220

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

The Dispirito Team

Engel & Volkers

Last updated:

May 1, 2025, 01:56 PM

MLS#

1382522

Source:

RI STATEWIDE

About This Home

15 Thompson Street

Fantastic turnkey investment property in the heart of historic Warren, RI in an Opportunity Zone! 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!

Home Facts

Multi-Family

5 Baths

5 Bedrooms

Built in 1900

Price Summary

750,000

$177 per Sq. Ft.

MLS #:

1382522

Last Updated:

May 1, 2025, 01:56 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5

Interior

Living Area:

4,220 Sq. Ft.


Structure

Structure

Building Area:

4,220 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$750,000

Price per Sq. Ft:

$177 per Sq. Ft.

MLS Logo
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Coastal Homes are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: May 1, 2025

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