15 Thompson Street

Warren, RI 02885

Fantastic turnkey investment opportunity in the heart of beautiful Warren, RI! This well-kept 5-unit apartment building features five 1-bedroom units, each fully applianced and offering individual electric and tenant-paid heat keeping owner expenses low. Located just steps from vibrant downtown, tenants enjoy a true walk-to-everything lifestyle: shops, dining, waterfront parks, and direct access to the East Bay Bike Path. The property is connected to city water and sewer, has durable vinyl siding, and offers both off-street and on-street parking on a quiet dead-end street. Rents are currently well below market value with strong upside potential. In addition, three fully finished bonus rooms on the upper level provide extra value ideal for office space or storage. Whether you're looking to move funds out of the stock market or crypto, or you're ready to stop renting and start building wealth, this asset delivers. Consider using a DSCR loan to qualify based on the building's income and expenses rather than your own. With steady cash flow, appreciation potential, and a prime location in one of Rhode Island's most charming towns, this is a smart addition to any portfolio. Don't miss out on this rare opportunity!

Listing courtesy of The DiSpirito Team of Engel & Volkers 4012448355



Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-04-14 02:47 PM UTC