Fantastic turnkey investment property in the heart of historic Warren, RI in an Opportunity Zone! This meticulously maintained 5-unit apartment building features five fully-applianced, 1-bedroom units with individual electric meters and tenant-paid heat—keeping owner expenses low. Ideally located just steps from downtown Warren, tenants enjoy boutique shops, award-winning restaurants, waterfront parks, and the popular East Bay Bike Path. Connected to city water/sewer and featuring durable vinyl siding, the property offers ample off-street and on-street parking on a quiet dead-end street. Rents are currently below market, providing significant upside potential for increased cash flow. A savvy owner can maximize income with three additional finished bonus rooms upstairs—perfect as rentable office spaces, storage units, or even a shared workspace for additional revenue. Consider leveraging a DSCR loan to qualify based on the property’s income rather than personal finances. An exceptional asset for investors or owner-occupants—don’t miss out!
Sold for $740,000 on 06/30/25
$740,000
15 Thompson St, Warren, RI 02885
5beds
2,899sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$255/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 01, 2025 at 12:11pm
Listed by:
The DiSpirito Team 401-244-8355,
Engel & Volkers Oceanside
Bought with:
Mekkel Blanchard, RES.0046781
Cameron Prestige, LLC
Source: StateWide MLS RI,MLS#: 1382522
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Bathroom
- Features: Bath w Shower Stall
Heating
- Natural Gas, Baseboard, Forced Water
Cooling
- None
Appliances
- Included: Gas Water Heater, Oven/Range, Refrigerator
- Laundry: Off Site
Features
- Wall (Dry Wall), Stairs, Insulation (Walls)
- Flooring: Ceramic Tile, Laminate, Carpet
- Basement: Full,Bulkhead,Unfinished,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,220
- Total interior livable area: 2,899 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Deck
- Exterior features: Balcony
- Waterfront features: Walk to Salt Water, Walk To Water
Lot
- Size: 3,049 sqft
- Features: Cul-De-Sac, Sidewalks
Details
- Zoning: R6
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers, Individual Meter
- Sewer: Public Sewer
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Warren
HOA & financial
Other financial information
- Total actual rent: 4975
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $740,000-1.3%$255/sqft |
Source:  StateWide MLS RI #1382522 | ||
| 6/12/2025 | Pending sale | $750,000$259/sqft |
Source: StateWide MLS RI #1382522 | ||
| 4/30/2025 | Contingent | $750,000$259/sqft |
Source: StateWide MLS RI #1382522 | ||
| 4/21/2025 | Listed for sale | $750,000-11.8%$259/sqft |
Source: StateWide MLS RI #1382522 | ||
| 4/20/2025 | Listing removed | $850,000$293/sqft |
Source:  Engel & Volkers #1381527 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 02885
Nearby schools
GreatSchools rating
- 5/10Hugh Cole SchoolGrades: PK-5Distance: 1.8 mi
- 7/10Kickemuit Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10Mt. Hope High SchoolGrades: 9-12Distance: 3.4 mi
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