Rare Mixed-Use Opportunity in the Heart of Downtown Warren! This spacious and versatile three-family home is a prime investment or owner-occupant opportunity, offering over 3,000 square feet of living space across three generously sized units (each 1,000+ sqft). Zoned for business, the property provides exceptional flexibility: live in one unit, lease the others, or explore commercial possibilities in one of the East Bay’s most vibrant coastal communities. Set on nearly half an acre, the lot includes abundant off-street parking and offers exciting potential for subdivision, subject to town approval, an ideal value-add for investors or developers. Each unit has separately metered utilities (excluding water) and its own private laundry. Please note: the home does need some TLC. Interior photos shown were taken prior to tenant occupancy. Enjoy unbeatable walkability to Warren’s thriving restaurant scene, boutique shops, and scenic waterfront. Whether you're looking to generate steady rental income, launch a business, or live onsite while leveraging the other units, this is a unique opportunity with long-term upside. This multi-family is ready for its next chapter - seller welcomes offers.
Sold for $520,000
$520,000
122 Market St, Warren, RI 02885
6beds
3,222sqft
Multi Family
Built in 1920
-- sqft lot
$523,000 Zestimate®
$161/sqft
$2,515 Estimated rent
Home value
$523,000
$497,000 - $549,000
$2,515/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 03, 2025 at 10:34am
Listed by:
Tiffany Sousa 401-286-6159,
William Raveis Inspire
Bought with:
Spectrum Real Estate Consultants Team
Keller Williams Leading Edge
Source: StateWide MLS RI,MLS#: 1392828
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Baseboard, Forced Air, Space Heater
Cooling
- None
Appliances
- Included: Gas Water Heater, Microwave, Oven/Range, Refrigerator
- Laundry: In Unit
Features
- Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood, Marble, Carpet
- Basement: Full,Walk-Out Access,Finished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,222
- Total interior livable area: 3,222 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Features
- Stories: 3
- Waterfront features: Walk to Fresh Water, Walk to Salt Water, Walk To Water
Lot
- Size: 0.45 Acres
Details
- Parcel number: WARRM9L7
- Zoning: B
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Aluminum Siding, Brick
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Warren
- Subdivision: Downtown Warren
HOA & financial
Other financial information
- Total actual rent: 3650
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Sold | $520,000-5.3%$161/sqft |
Source:  StateWide MLS RI #1392828 Report a problem | ||
| 10/11/2025 | Pending sale | $549,000$170/sqft |
Source: StateWide MLS RI #1392828 Report a problem | ||
| 9/26/2025 | Contingent | $549,000$170/sqft |
Source: StateWide MLS RI #1392828 Report a problem | ||
| 9/15/2025 | Price change | $549,000-8.5%$170/sqft |
Source: StateWide MLS RI #1392828 Report a problem | ||
| 9/3/2025 | Price change | $599,900-7.7%$186/sqft |
Source: StateWide MLS RI #1392828 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,328 +3.1% | $357,800 |
| 2024 | $5,167 +5.7% | $357,800 |
| 2023 | $4,888 +10.2% | $357,800 +45.3% |
Find assessor info on the county website
Neighborhood: 02885
Nearby schools
GreatSchools rating
- 5/10Hugh Cole SchoolGrades: PK-5Distance: 1.3 mi
- 7/10Kickemuit Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Mt. Hope High SchoolGrades: 9-12Distance: 3 mi
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Estimated market value$523,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$523,000