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Sold for $430,000
  • $430,000

    59 E Main St, West Warwick, RI 02893

    5beds
    2,450sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $544,500 Zestimate®
    $176/sqft
    $2,354 Estimated rent

    Home value

    $544,500

    $512,000 - $577,000

    $2,354/mo

    Zestimate® history
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    $2,354/mo

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    $2,280/mo

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    What's special

    Modern comfortLaundry facilitiesSeparate studio
    Incredible opportunity awaits with this fantastic 3-family home! This rare gem is a perfect fit for an owner-occupant seeking a comfortable living space while benefiting from rental income, or for an astute investor looking to maximize their returns. Boasting two spacious 2-bedroom units and a separate studio, this property offers remarkable versatility and excellent income potential. What sets this property apart is the ease of management - tenants cover utilities, allowing for hassle-free operation and peace of mind. With a garage, off-street parking, and on-site laundry facilities, convenience is at your doorstep. The recent renovations ensure modern comfort and style throughout, making it an attractive choice for any discerning buyer. Situated in a prime location, this property grants quick access to an array of amenities, including shopping, dining, and entertainment options. Leveraging the $17,500 Rhode Island Housing grant program, a first-time buyer could step into homeownership with minimal financial stress. Investors will also find this property to be a promising addition to their portfolio, given its strong income-producing potential. Don't miss out on this outstanding income-generating opportunity! Act swiftly to secure your foothold in the Rhode Island real estate market.

    Zillow last checked:

    Listing updated:

    Listed by:

    The DiSpirito Team 401-244-8355,

    Engel & Volkers Oceanside

    Bought with:

    Sean Ahn, RES.0019422

    Green Island Realty, Inc.

    Source: StateWide MLS RI,MLS#: 1341789MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Natural Gas, Baseboard, Forced Water
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
    • Laundry: In Building
    Features
    • Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
    • Flooring: Vinyl
    • Doors: Storm Door(s)
    • Basement: Full,Interior Entry,Unfinished,Common,Storage Space,Utility
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,450
    • Total interior livable area: 2,450 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached, Driveway
    • Garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Patio & porch: Porch
    Lot
    • Size: 6,529 sqft
    • Features: Sidewalks
    Details
    • Parcel number: WWAR01801060000
    • Zoning: C1
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Clapboard
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 100 Amp Service, Circuit Breakers
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Commuter Bus, Highway Access, Interstate, Private School, Public School, Schools, Near Shopping
    Location
    • Region: West Warwick

    HOA & financial

    Other financial information
    • Total actual rent: 4595

    Price history

    DateEventPrice
    10/6/2023Sold$430,000-2.3%$176/sqft
    Source: StateWide MLS RI #1341789 Report a problem
    9/5/2023Pending sale$439,900$180/sqft
    Source: Engel & Volkers #1341789 Report a problem
    9/4/2023Contingent$439,900$180/sqft
    Source: StateWide MLS RI #1341789 Report a problem
    8/22/2023Price change$439,900-2.2%$180/sqft
    Source: StateWide MLS RI #1341789 Report a problem
    7/18/2023Listed for sale$449,900+104.5%$184/sqft
    Source: StateWide MLS RI #1339684 Report a problem
    7/22/2021Sold$220,000$90/sqft
    Source: StateWide MLS RI #1288973 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,882 -20%$384,700 +46.4%
    2024$7,348 +63.9%$262,800 +17.6%
    2023$4,484 +1.6%$223,400
    2022$4,412 -36.9%$223,400 -4.4%
    2021$6,988 $233,800
    2020$6,988 +3.8%$233,800 +1.8%
    2019$6,732 +19.5%$229,600 +52.8%
    2018$5,634 -1.2%$150,300
    2017$5,704 +1.8%$150,300
    2016$5,602 -4.1%$150,300 -4.1%
    2015$5,844 +321.5%$156,800
    2014$1,386 -75%$156,800
    2013$5,554 +10%$156,800 -1.5%
    2011$5,050 $159,200
    2010$5,050 -5.9%$159,200 -38.5%
    2009$5,366 +30.1%$259,000
    2008$4,123 +4.3%$259,000
    2007$3,952 +3.8%$259,000 +20.6%
    2006$3,808 +103.4%$214,700
    2004$1,872 -37.1%$214,700 +125.3%
    2003$2,977 $95,300

    Find assessor info on the county website

    Neighborhood: 02893

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $544,500
    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
    $544,500