Exceptional investment and redevelopment opportunity in a prime Warwick location west of Route 2. Situated on an oversized approximately 20,000 SF lot in A-7 zoning, this legal 4 unit property currently consists of four 1-bedroom units with strong upside potential. Two units are in very good condition. One unit has been fully gutted and requires complete renovation (sold as-is), offering investors/developers the opportunity to add immediate value through improvements. The oversized lot and zoning create multiple possibilities for future optimization, including the potential lot separation, additional building(s), new single-family and/or multifamily development opportunities (subject to city approvals). Conveniently located near shopping, dining, highways, TF Green Airport, and major amenities, this property combines strong location fundamentals with long-term development potential. Rare opportunity for investors, builders, or owner-operators seeking immediate value and future expansion possibilities in one of Warwick’s most accessible neighborhoods. Three of the units are occupied, please provide notice when requesting a showing. All units have Lead Certs. BEST AND FINAL DUE TUESDAY 5/26/2026 at 5 PM...MUST BE ON PURCHASE AND SALES AGREEMENT FORM WITH PROOF OF FUNDS OR PRE-QUAL LETTER. email to showing agent
Sold for $436,000
$436,000
89 Adelaide Ave, Warwick, RI 02886
4beds
1,624sqft
Multi Family
Built in 1890
-- sqft lot
$436,300 Zestimate®
$268/sqft
$2,653 Estimated rent
Home value
$436,300
$397,000 - $476,000
$2,653/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
The Phipps Team 401-884-1030,
Compass
Bought with:
Rhonda Sasa, RES.0034418
BHHS Pinnacle Realty
Source: StateWide MLS RI,MLS#: 1413307
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Oil, Baseboard, Central, Forced Water, Gas Connected
Cooling
- None
Appliances
- Included: Tankless Water Heater, Oven/Range, Refrigerator
Features
- Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Vinyl, Carpet
- Basement: Full,Bulkhead,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,624
- Total interior livable area: 1,624 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: One Level
Features
- Stories: 2
- Fencing: Fenced
Lot
- Size: 0.47 Acres
Details
- Foundation area: 812
- Zoning: A7
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Paneled, Plaster, Vinyl Siding
- Foundation: Stone
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers, Individual Meter
- Sewer: Assessment to Buyer, Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Golf, Highway Access, Hospital, Interstate, Restaurants, Near Shopping
Location
- Region: Warwick
- Subdivision: West Of Rte 2
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 2825
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Sold | $436,000+2.6%$268/sqft |
Source:  StateWide MLS RI #1413307 Report a problem | ||
| 5/27/2026 | Pending sale | $425,000$262/sqft |
Source: StateWide MLS RI #1413307 Report a problem | ||
| 5/22/2026 | Listed for sale | $425,000$262/sqft |
Source: StateWide MLS RI #1413307 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 02886
Nearby schools
GreatSchools rating
- 7/10Scott SchoolGrades: K-5Distance: 1.1 mi
- 5/10Winman Junior High SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Toll Gate High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$436,300
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
$436,300
- Rhode Island
- Kent County
- Warwick
- 02886
- 89 Adelaide Ave
Nearby cities
Nearby zip codes
Other Warwick Topics
