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.
Sold for $500,000
$500,000
206 Reynolds Ave, Warwick, RI 02889
5beds
2,004sqft
Multi Family
Built in 1940
-- sqft lot
$518,800 Zestimate®
$250/sqft
$2,346 Estimated rent
Home value
$518,800
$467,000 - $576,000
$2,346/mo
Zestimate® history
Owner options
List your home for rent
$2,346/mo
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$2,346/mo
Rent Zestimate®
Refinance and save
$3,241/mo
Est. payment
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$3,241/mo
Est. payment
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List your homeWhat's special
Comfortable living spacesCozy studioPlenty of natural lightSpacious unitsQuiet and desirable neighborhood
Zillow last checked:
Listing updated:
Listed by:
Zhiyu Ding 401-567-6666,
Longvin Realty Inc
Bought with:
Porgech Sia, RES.0042831
HomeSmart Professionals
Source: StateWide MLS RI,MLS#: 1399533
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
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Lot
- Size: 4,800 sqft
Details
- Parcel number: WARWM361B0084L0000
- Special conditions: Conventional/Market Value
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 & neighborhood
Location
- Region: Warwick
HOA & financial
Other financial information
- Total actual rent: 2700
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $500,000-3.7%$250/sqft |
Source:  StateWide MLS RI #1399533 Report a problem | ||
| 11/23/2025 | Contingent | $519,000$259/sqft |
Source: StateWide MLS RI #1399533 Report a problem | ||
| 6/27/2025 | Price change | $519,000-2.1%$259/sqft |
Source: StateWide MLS RI #1382396 Report a problem | ||
| 4/23/2025 | Price change | $529,900-3.5%$264/sqft |
Source: StateWide MLS RI #1382396 Report a problem | ||
| 4/13/2025 | Price change | $549,000-0.2%$274/sqft |
Source: StateWide MLS RI #1382396 Report a problem | ||
| 9/21/2024 | Price change | $549,999-3.5%$274/sqft |
Source: StateWide MLS RI #1369206 Report a problem | ||
| 8/2/2024 | Price change | $569,900-1.7%$284/sqft |
Source: StateWide MLS RI #1365314 Report a problem | ||
| 6/22/2024 | Listed for sale | $580,000+50.6%$289/sqft |
Source: StateWide MLS RI #1362216 Report a problem | ||
| 1/2/2024 | Sold | $385,000-3.7%$192/sqft |
Source: StateWide MLS RI #1348368 Report a problem | ||
| 11/27/2023 | Pending sale | $399,900$200/sqft |
Source: StateWide MLS RI #1348368 Report a problem | ||
| 11/20/2023 | Listed for sale | $399,900$200/sqft |
Source: StateWide MLS RI #1348368 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,568 | $453,900 |
| 2024 | $6,568 +2% | $453,900 |
| 2023 | $6,441 +14.8% | $453,900 +51.6% |
| 2022 | $5,610 | $299,500 |
| 2021 | $5,610 | $299,500 |
| 2020 | $5,610 | $299,500 |
| 2019 | $5,610 +15.8% | $299,500 +28.6% |
| 2018 | $4,844 +2.8% | $232,900 |
| 2017 | $4,714 | $232,900 |
| 2016 | $4,714 +30.7% | $232,900 +34% |
| 2015 | $3,606 +3.4% | $173,800 |
| 2014 | $3,486 +1.3% | $173,800 |
| 2013 | $3,440 -3.1% | $173,800 -13.4% |
| 2011 | $3,549 +1.2% | $200,600 |
| 2010 | $3,506 +8.6% | $200,600 -12.1% |
| 2009 | $3,228 +5.4% | $228,300 |
| 2008 | $3,062 +12.9% | $228,300 +30.2% |
| 2007 | $2,712 | $175,400 |
| 2006 | $2,712 +4.4% | $175,400 |
| 2004 | $2,598 -3.1% | $175,400 +82% |
| 2003 | $2,682 | $96,380 |
Find assessor info on the county website
Neighborhood: 02889
Nearby schools
GreatSchools rating
- 3/10Oakland Beach SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Warwick Veterans Jr. High SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Pilgrim High SchoolGrades: 9-12Distance: 3.4 mi
Get a cash offer in 3 minutes
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Estimated market value
$518,800
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
$518,800
- Rhode Island
- Kent County
- Warwick
- 02889
- 206 Reynolds Ave
Nearby cities
Nearby zip codes
Other Warwick Topics
