For sale

$490,000

207 Welfare Ave, Warwick, RI 02888

6beds

2,084sqft

$3,225/mo

Get pre-qualified

Multi Family

Built in 1925

-- sqft lot

$483,100 Zestimate^®

$235/sqft

$-- HOA

What's special

Ample off-street parkingPaved drivewayValuable storage and convenienceHuge private yardWalk-up atticOversized double lotPerfect for outdoor entertaining

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.

2 days

986

87

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

View 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.
Total actual rent: 1820
Tenant pays: Heat

Estimated market value

$483,100

$459,000 - $507,000

$2,139/mo

Price history

Date	Event	Price
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