Perfect investment opportunity or primary residence with additional income to offset your mortgage! This building is located conveniently in the vibrant Water Street community full of restaurants, lounges and shopping. Or, enjoy the proximity to the water and the bike path, both just a couple of blocks away. The building has been well cared for and features vinyl siding, 3 replacement heating systems with tankless hot water, plenty of off-street parking, and NO flood insurance! The interior units are well maintained. The first floor units each feature their own private entrance. The second floor unit has been renovated, and can be expanded up to the third floor, where there is already rough plumbing, for more bedrooms or living space. A great value for the price!
Sold for $595,000 on 12/15/23
$595,000
31 Water St, Warren, RI 02885
8beds
3,286sqft
Multi Family
Built in 1850
-- sqft lot
$724,100 Zestimate®
$181/sqft
$2,581 Estimated rent
Home value
$724,100
$652,000 - $804,000
$2,581/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 15, 2023 at 09:55am
Listed by:
Sarah Principe 401-374-7064,
William Raveis Inspire
Bought with:
Non-Mls Member
Non-Mls Member
Source: StateWide MLS RI,MLS#: 1345120
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Baseboard
Cooling
- None
Appliances
- Included: Tankless Water Heater, Oven/Range, Refrigerator
- Laundry: In Unit
Features
- Wall (Dry Wall), Internal Expansion, Rough Bath, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
- Basement: Full,Bulkhead,Unfinished
- Attic: Attic Stairs, Attic Storage
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,286
- Total interior livable area: 3,286 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
- Waterfront features: Walk to Salt Water, Walk To Water
Lot
- Size: 6,229 sqft
- Features: Sidewalks
Details
- Parcel number: WARRM2L10
- Zoning: VB
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1850
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers, Individual Meter
- Water: Individual Meter
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Marina, Recreational Facilities, Restaurants, Near Shopping, Near Swimming
Location
- Region: Warren
- Subdivision: Water St.
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 3850
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2023 | Sold | $595,000-4.8%$181/sqft |
Source:  StateWide MLS RI #1345120 | ||
| 10/31/2023 | Pending sale | $624,900$190/sqft |
Source: StateWide MLS RI #1345120 | ||
| 10/19/2023 | Price change | $624,900-7.4%$190/sqft |
Source: StateWide MLS RI #1345120 | ||
| 10/4/2023 | Listed for sale | $674,900+133.5%$205/sqft |
Source: StateWide MLS RI #1345120 | ||
| 8/11/2017 | Sold | $289,000+41%$88/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,356 +3.1% | $494,000 |
| 2024 | $7,133 +5.7% | $494,000 |
| 2023 | $6,748 +17.6% | $494,000 +55.1% |
Find assessor info on the county website
Neighborhood: 02885
Nearby schools
GreatSchools rating
- 5/10Hugh Cole SchoolGrades: PK-5Distance: 1.8 mi
- 7/10Kickemuit Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10Mt. Hope High SchoolGrades: 9-12Distance: 3.3 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$724,100
2% more+ $14,482
With Zillow Showcase(estimated)
$738,582