***Accepting Backup Offers*** Opportunity knocks in Warwick’s Greenwood neighborhood! This well-maintained two-family home has been loved by the same family for 54 years. Whether you’re an investor seeking a turnkey asset or a homeowner looking to offset your mortgage with rental income, this property delivers. Each unit offers 2 bedrooms, 1 bathroom, a kitchen, and a living room. Freshly painted with updated bathrooms, both units feature brand-new electric baseboard heating, new electric water heaters, and in-unit washer/dryer for added convenience. Enjoy central air in the summer and triple-pane insulated windows for winter comfort. The spacious backyard is perfect for entertaining, and the two-car attached garage adds practicality. Located just minutes from Post Road, T.F. Green Airport, and major commuter routes, with easy access to shopping and dining. This property offers flexibility and long-term value! Lender-paid 1-0 Buydown available for buyers using an Envoy Mortgage referral — contact listing agent for details.
Sold for $450,000 on 12/11/25
$450,000
106 Palace Ave, Warwick, RI 02886
4beds
1,536sqft
Multi Family
Built in 1963
-- sqft lot
$440,800 Zestimate®
$293/sqft
$2,753 Estimated rent
Home value
$440,800
$419,000 - $463,000
$2,753/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 10:25am
Listed by:
Alpern & Mesenbourg Group 401-324-9841,
Keller Williams Coastal
Bought with:
The Realpro Group
REALPRO by The Water
Source: StateWide MLS RI,MLS#: 1399217
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub
Heating
- Electric, Baseboard
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Wall (Plaster), Plumbing (Copper), Insulation (Ceiling), Insulation (Walls)
- Flooring: Other, Vinyl
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Driveway
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Lot
- Size: 7,840 sqft
Details
- Parcel number: WARWM344B0343L0000
- Zoning: A7
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Shingles, Wood
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Community
- Community features: Highway Access, Interstate, Restaurants, Near Shopping
Location
- Region: Warwick
- Subdivision: Greenwood
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2025 | Sold | $450,000+5.9%$293/sqft |
Source:  StateWide MLS RI #1399217 | ||
| 11/7/2025 | Contingent | $425,000$277/sqft |
Source: StateWide MLS RI #1399217 | ||
| 11/5/2025 | Listed for sale | $425,000-7%$277/sqft |
Source: StateWide MLS RI #1399217 | ||
| 10/30/2025 | Listing removed | -- |
Source: Owner | ||
| 10/22/2025 | Listed for sale | $457,000$298/sqft |
Source: Owner | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,079 | $281,900 |
| 2024 | $4,079 +2% | $281,900 |
| 2023 | $4,000 +1.8% | $281,900 +34.3% |
Find assessor info on the county website
Neighborhood: 02886
Nearby schools
GreatSchools rating
- 6/10Greenwood SchoolGrades: K-5Distance: 0.3 mi
- 5/10Winman Junior High SchoolGrades: 6-8Distance: 1.6 mi
- 5/10Toll Gate High SchoolGrades: 9-12Distance: 1.6 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$440,800
2% more+ $8,816
With Zillow Showcase(estimated)
$449,616