Tons of potential in this two-family home tucked into a quiet residential Warwick neighborhood! Each unit offers spacious 3-bedroom layouts, ideal for owner-occupants looking to offset their mortgage or investors seeking strong rental income. Set on an oversized double lot, this property boasts a huge, private yard, perfect for outdoor entertaining, gardening, or simply enjoying the space. A paved driveway provides ample off-street parking for both units. Each unit is separately metered for electric and equipped with its own furnace, giving tenants control over their utilities and simplifying management for owners. A full basement with laundry hookups adds valuable storage and convenience, while the walk-up attic offers even more potential. With room to make it your own, this is a fantastic opportunity to build equity in a desirable Warwick location close to shopping, dining, and major routes. Second floor was not available for pictures but can be viewed at scheduled showings. *Offers if any are due Mon 8/23 by 6PM, please see offer instructions.
Pending
$490,000
207 Welfare Ave, Warwick, RI 02888
6beds
2,084sqft
Multi Family
Built in 1925
-- sqft lot
$494,300 Zestimate®
$235/sqft
$-- HOA
What's special
Ample off-street parkingPaved drivewayValuable storage and convenienceHuge private yardWalk-up atticOversized double lotPerfect for outdoor entertaining
- 48 days
- 137
- 5
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Sara Furtado 508-930-0947,
REMAX Revolution
Source: StateWide MLS RI,MLS#: 1420921
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Oil, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: Common Area, In Building
Features
- Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Laminate
- Basement: Full,Interior and Exterior,Unfinished
- Attic: Attic Stairs, Attic Storage
- Has fireplace: No
Interior area
- Total structure area: 2,084
- Total interior livable area: 2,084 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.29 Acres
- Features: Corner Lot, Extra Lot
Details
- Parcel number: WARWM296B0211L0000
- Zoning: 102
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Other Siding
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers, Individual Meter
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Highway Access, Recreational Facilities, Restaurants, Schools, Near Shopping
HOA
- Has HOA: No
Location
- Region: Warwick
Financial & listing details
- Price per square foot: $235/sqft
- Tax assessed value: $298,200
- Annual tax amount: $4,597
- Date on market: 8/20/2026
- Inclusions: Information deemed reliable but not guaranteed, buyer/buyer's agent to do all due diligence. Third bedroom on both floors does not have a closet.
- Total actual rent: 1820
- Tenant pays: Heat
Estimated market value
$494,300
$470,000 - $519,000
$2,337/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Pending sale | $490,000$235/sqft |
Source:  StateWide MLS RI #1420921 Report a problem | ||
| 8/20/2026 | Listed for sale | $490,000+308.3%$235/sqft |
Source: StateWide MLS RI #1420921 Report a problem | ||
| 6/15/1989 | Sold | $120,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,315 | $298,200 |
| 2024 | $4,315 +2% | $298,200 |
| 2023 | $4,231 +8.1% | $298,200 +42.7% |
| 2022 | $3,915 | $209,000 |
| 2021 | $3,915 | $209,000 |
| 2020 | $3,915 | $209,000 |
| 2019 | $3,915 +15.1% | $209,000 +27.8% |
| 2018 | $3,401 +2.8% | $163,500 |
| 2017 | $3,309 | $163,500 |
| 2016 | $3,309 -1% | $163,500 +1.6% |
| 2015 | $3,341 +3.4% | $161,000 |
| 2014 | $3,230 +1.4% | $161,000 |
| 2013 | $3,186 +3.3% | $161,000 -7.7% |
| 2011 | $3,085 +1.2% | $174,400 |
| 2010 | $3,049 -17.9% | $174,400 -33.6% |
| 2009 | $3,716 +5.4% | $262,800 |
| 2008 | $3,524 +17.5% | $262,800 +35.5% |
| 2007 | $2,999 | $194,000 |
| 2006 | $2,999 +4.4% | $194,000 |
| 2004 | $2,873 -2.8% | $194,000 +82.6% |
| 2003 | $2,957 | $106,270 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 02888
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