For sale

$489,900

5 Fountain St, West Warwick, RI 02893

5beds

2,164sqft

Est.:

Multi Family

Built in 1900

-- sqft lot

$489,800 Zestimate^®

$226/sqft

$-- HOA

What's special

Fantastic opportunity to own a well-maintained three-family property in desirable West Warwick! This versatile multi-family features two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering strong rental potential and flexibility for both investors and owner-occupants. The first-floor unit is currently vacant—perfect for an owner to move right in or for immediate leasing at market rent. Additional highlights include a detached garage generating extra rental income, ample storage space for tenants, and a combination of off-street and on-street parking for convenience. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this property checks all the boxes. Don’t miss this excellent income-producing opportunity!

3 days

744

53

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Bathroom

Features: Bath w Tub & Shower

Heating

Electric, Oil, Baseboard, Forced Water

Cooling

None

Appliances

Included: Electric Water Heater, Dishwasher, Dryer, Exhaust Fan, Range Hood, Oven/Range, Refrigerator
Laundry: Common Area, In Building

Features

Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed)
Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,752
Total interior livable area: 2,164 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 7
Parking features: Detached
Garage spaces: 2

Features

Stories: 3
Patio & porch: Porch

Lot

Size: 4,356 Square Feet

Details

Parcel number: WWAR01301360000
Zoning: R-6

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Dry Wall, Plaster, Other Siding, Shingles
Foundation: Stone

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: 100 Amp Service, Individual Meter
Sewer: Public Sewer
Water: Municipal
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Crompton

HOA

Has HOA: No

Location

Region: West Warwick

Financial & listing details

Price per square foot: $226/sqft
Tax assessed value: $397,300
Annual tax amount: $5,371
Date on market: 4/6/2026
Inclusions: $300/month for 2 car garage, month to month annual expenses unknown
Total actual rent: 4430
Tenant pays: Hot Water

Estimated market value

$489,800

$465,000 - $514,000

$2,116/mo

Price history

Date	Event	Price
4/6/2026	Listed for sale	$489,900+10.3%$226/sqft
Source: StateWide MLS RI #1409188 Report a problem
8/2/2023	Sold	$444,000+15.3%$205/sqft
Source: StateWide MLS RI #1336349 Report a problem
6/22/2023	Pending sale	$385,000$178/sqft
Source: StateWide MLS RI #1336349 Report a problem
5/29/2023	Contingent	$385,000$178/sqft
Source: StateWide MLS RI #1336349 Report a problem
5/25/2023	Listed for sale	$385,000+79.1%$178/sqft
Source: StateWide MLS RI #1336349 Report a problem
9/8/2017	Sold	$215,000-2.2%$99/sqft
Source: StateWide MLS RI #1164880 Report a problem
6/19/2017	Listed for sale	$219,900+41.9%$102/sqft
Source: World Net Real Estate Group #1164880 Report a problem
5/7/2015	Sold	$155,000+47.6%$72/sqft
Source: Public Record Report a problem
11/27/2007	Sold	$105,000$49/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,075 +13.1%	$397,300 +51.4%
2024	$5,371 +8.4%	$262,400 +6.3%
2023	$4,955 +1.6%	$246,900
2022	$4,876 -20.3%	$246,900 +20.6%
2021	$6,121	$204,800
2020	$6,121 +1.9%	$204,800
2019	$6,005 +2.7%	$204,800 +37.3%
2018	$5,849 +3.3%	$149,200
2017	$5,662 +1.8%	$149,200
2016	$5,561 +8.3%	$149,200 +8.3%
2015	$5,136 +309%	$137,800
2014	$1,256 -74.3%	$137,800
2013	$4,881 -6.8%	$137,800 -16.5%
2011	$5,237	$165,100
2010	$5,237 +15.4%	$165,100 -24.6%
2009	$4,538 +32.7%	$219,000 +2%
2008	$3,420 +1.3%	$214,800 -2.9%
2007	$3,377 +7.9%	$221,300 +25.4%
2006	$3,131 +107.6%	$176,500
2004	$1,508 -44.6%	$176,500 +102.6%
2003	$2,721	$87,100