89 Adelaide Avenue Warwick, RI $ 425,000
89 Adelaide Avenue
$ 425,000
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89 Adelaide Avenue

Warwick, RI, 02886
$ 425,000
Bedrooms4 Baths4.0 Sq 1,624

Monthly Estimate*

$ 2,617

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Multi-Family Home for sale in Warwick, RI

for $425,000 with 4 bedrooms and 4 full baths. This 1,624 square foot home was built in 1890 on a lot size of 0.4659.

Exceptional investment and redevelopment opportunity in a prime Warwick location west of Route 2. Situated on an oversized approximately 20,000 SF lot in A-7 zoning, this legal 4 unit property currently consists of four 1-bedroom units with strong upside potential. Two units are in very good condition. One unit has been fully gutted and requires complete renovation (sold as-is), offering investors/developers the opportunity to add immediate value through improvements. The oversized lot and zoning create multiple possibilities for future optimization, including the potential lot separation, additional building(s), new single-family and/or multifamily development opportunities (subject to city approvals). Conveniently located near shopping, dining, highways, TF Green Airport, and major amenities, this property combines strong location fundamentals with long-term development potential. Rare opportunity for investors, builders, or owner-operators seeking immediate value and future expansion possibilities in one of Warwick's most accessible neighborhoods. Three of the units are occupied, please provide notice when requesting a showing. All units have Lead Certs.

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Multi-Family Active

Price

$ 425,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,605

Style

Lot Size

0.4659

Year Built

1890

Town/City

Warwick

County/Region

Kent

MLS | Web ID

1413307

Features
General
Sewer Connected Public Sewer Sewer Assessment(s)
Heating Baseboard Central Gas Hot Water Oil
Cooling None
Utilities Sewer Connected
Possession Rental Agreement
Zoning A7
Garage Spaces 0
Construction Materials Drywall Plaster Vinyl Siding
Year Built 1890
Electric 100 Amp Service Circuit Breakers Separate Meters
Tenant Pays Hot Water
Levels One
Property Subtype Multi Family
Tax Year 2026
Community Features Golf Highway Access Near Hospital Public Transportation Restaurant Shopping
County Kent
Operating Expense 21476
New Construction false
Property Type Residential Income
Subdivision Name west of Rte 2
Garage Y/N false
Total Rooms 8
Full Baths 4
Status Active
City Warwick
Senior Community Y/N false
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 20293
Land Lease Y/N false
Tax Annual Amount 5605
Structure Type Apartment
Standard Status Active
Tax Assessed Value 441300
Tax Lot 28
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Interior
Interior Amenities Interior Steps Tub Shower
Basement Full Unfinished
Flooring Carpet Vinyl
Total Fireplaces 0
Fireplace Features None
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Paved Driveway
Fencing Fenced
Parking Features No Garage
Water Source Public
Total Parking 4
Lot Size Area 20293
Foundation Details Stone
Number of Buildings 1
Building Area Total 1624
Lot Size Acres 0.4659
Frontage Length 200
Covered Spaces 0
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* Excluded Features
List By
Compass

Broker

phipps.team@compass.com

Email

Affordability Calculator

$3,084
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,617
Monthly Property Taxes
$467
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/22/2026$425,000 Listed Price

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89 Adelaide Avenue, Warwick, RI, 02886 is a Multi-Family Home for sale at $425,000 with 1,624 sqft and a lot size of 0.4659. 89 Adelaide Avenue has 4 bedrooms, 4.0 baths, and was built in 1890. The property's zip code is 02886 which is in Warwick, RI