Welcome to your next investment opportunity! This charming 3 unit multifamily property is located in a quiet and desirable neighborhood, just steps away from the water. With great cash flow potential, this property is a dream for any savvy investor. The main house features two spacious units: Unit 1 boasts 2 bedrooms and 1 bathroom, while Unit 2 offers 2 bedrooms and 1.5 bathrooms. Both units are perfect for tenants seeking comfortable living spaces with plenty of natural light. But that's not all – this property also includes a separate cottage on the lot, providing additional rental income potential. The cottage is a cozy studio with its own entrance, making it the ideal space for renters looking for privacy. Imagine owning an investment property where you can relax by the water and watch your profits roll in. With its prime location and multiple rental options, this home offers endless possibilities for lucrative returns. Don't miss out on this incredible opportunity to invest in both comfort and income potential. Schedule a showing today before it's too late!Please note that the vacant lot situated behind the property does not belong to this property.
For sale
Price cut: $19.1K (4/23)
$529,900
206 Reynolds Ave, Warwick, RI 02889
5beds
2,004sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$527,800 Zestimate®
$264/sqft
$-- HOA
What's special
Comfortable living spacesCozy studioPlenty of natural lightSpacious units
- 13 days
- on Zillow |
- 1,412 |
- 80 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 04:21am
Listed by:
Zhiyu Ding 401-567-6666,
Longvin Realty Inc
Source: StateWide MLS RI,MLS#: 1382396

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Natural Gas, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Vinyl
- Basement: Full,Walk-Out Access,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,800
- Total interior livable area: 2,004 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Lot
- Size: 4,800.31 Square Feet
Details
- Parcel number: WARWM361B0084L0000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Warwick
Financial & listing details
- Price per square foot: $264/sqft
- Tax assessed value: $453,900
- Annual tax amount: $6,441
- Date on market: 4/13/2025
- Total actual rent: 2700
- Tenant pays: Heat
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