28-30 Riverdale Avenue West Warwick, RI Multi-Family FOR SALE


West Warwick, RI
$1,350,000 USD
401-473-6276
, West Warwick, RI for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/21
null | 9.12% Cap Rate

28-30 Riverdale Avenue West Warwick, RI
West Warwick, RI


HIGHLIGHTS

  • Turnkey 9-unit portfolio with strong NOI of $123,105
  • Low-maintenance buildings with updated systems
  • High-efficiency Navien heating systems (2023 & 2024)
  • 14 assigned off-street parking spaces
  • Located in the Centreville neighborhood of West Warwick, along the Pawtuxet River and close to local shops, restaurants, and main commuter routes.

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Mary FernandezShawomet Realty CompanyMore Info
401-473-6276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mary FernandezShawomet Realty CompanyMore Info
401-473-6276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.