Log In/Sign Up
Your email has been sent.
28-30 Riverdale Avenue West Warwick, RI 2 Multifamily Properties Offered at $1,350,000 in West Warwick, RI



INVESTMENT HIGHLIGHTS
- Turnkey 9-unit portfolio with strong NOI of $123,105
- High-efficiency Navien heating systems (2023 & 2024)
- Located in the Centreville neighborhood of West Warwick, along the Pawtuxet River and close to local shops, restaurants, and main commuter routes.
- Low-maintenance buildings with updated systems
- 14 assigned off-street parking spaces
EXECUTIVE SUMMARY
This is a great turnkey investment opportunity with a low-maintenance, two-building portfolio totaling 9 units at 28–30 Riverdale Avenue, producing a strong NOI of $123,105. 28 Riverdale is a clean and well-kept duplex tucked toward the back of the lot, offering two 2-bed/2-bath units with in-unit laundry, separate utilities, a private deck all overlooking the Pawtuxet River. 30 Riverdale has seven units—five 2-bedrooms and two 1-bedrooms—and comes with updated features including an up-to-date fire alarm system, lead-safe certificates, and high-efficiency Navien heating systems (installed 2023 & 2024). There’s also coin-op laundry in the basement. Tenants cover their own electric, while heat and hot water are included. Both buildings share 14 assigned parking spaces, making this a solid, income-producing property with long-term stability and strong rental appeal.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$156,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$156,000
|
| Taxes |
$17,976
|
| Operating Expenses |
$19,088
|
| Total Expenses |
$37,064
|
| Net Operating Income |
$118,936
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $156,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,000 |
| Taxes | |
|---|---|
| Annual | $17,976 |
| Operating Expenses | |
|---|---|
| Annual | $19,088 |
| Total Expenses | |
|---|---|
| Annual | $37,064 |
| Net Operating Income | |
|---|---|
| Annual | $118,936 |
PROPERTY FACTS
| Price | $1,350,000 | Status | Active |
| Price / SF | $151.52 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 9.12% | Total Building Size | 8,910 SF |
| Sale Type | Investment | Total Land Area | 0.67 AC |
| Price | $1,350,000 |
| Price / SF | $151.52 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 9.12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,910 SF |
| Total Land Area | 0.67 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 30 Riverdale Ave, West Warwick, RI 02893 | Multifamily | 5,820 SF | 1935 | - |
| 28 Riverdale Ave, West Warwick, RI 02893 | Multifamily | 3,090 SF | 1991 | - |
1 1
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
28-30 Riverdale Avenue West Warwick, RI
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
