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89 Adelaide Avenue

Warwick RI 02886

4
4
4
1624 sq. ft.
20293 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

4 bedrooms
4 bathrooms
4 carspaces
1624 sq. ft. floor area
20293 sq. ft. lot size
Multi-Family

Happy sellers in Warwick

95%
95% of sellers in Warwick reported that their sale price either exceeded or met their price expectations.

Warwick stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Warwick over the last 12 months.

Local market activity for 4 bedroom multi families in Warwick

In the last 12 months, 8 four-bedroom multi families similar to 89 Adelaide Avenue, have been sold.

This represents a 40% decrease in four-bedroom multi families sales when compared to the previous 12 months.

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