Attention investors! Spectacular rental property consisting of 2 houses, nicely set on 2 picturesque acres. Located in the heart of the Kent County medical community, this property is a prime rental investment. The front house is a gorgeous 2200 square foot colonial built in 1920 boasting many original period details, such as center staircase, marble fireplace, 3 sets of French doors, and premium hardwood floors. Previously zoned as office space, and recently re zoned as residential, this house is a blank slate waiting for new owners to bring their dreams and add some finishing touches. The rear house is a 2 bedroom one bath cottage with a large front deck. There are many possibilities for this property. The entire property would be a phenomenal rental investment. The new owners could make the front house their dream home, and have a rental offset expenses. Don't wait! Schedule your tour today!
Sold for $545,000 on 10/02/24
$545,000
85 Toll Gate Rd, Warwick, RI 02886
6beds
3,104sqft
Multi Family
Built in 1920
-- sqft lot
$356,500 Zestimate®
$176/sqft
$2,540 Estimated rent
Home value
$356,500
$324,000 - $392,000
$2,540/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 02, 2024 at 07:09am
Listed by:
The Dias Team 401-639-3163,
Keller Williams Coastal
Bought with:
Andrew Hogan, RES.0045067
RE/MAX Results
Source: StateWide MLS RI,MLS#: 1359789
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Tub & Shower
Heating
- Oil, Baseboard, Forced Air
Cooling
- Central Air
Appliances
- Included: Oven/Range, Refrigerator
- Laundry: In Building
Features
- Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
- Basement: Full,Interior and Exterior,Unfinished,Utility
- Number of fireplaces: 1
- Fireplace features: Brick
Interior area
- Total structure area: 3,104
- Total interior livable area: 3,104 sqft
Property
Parking
- Total spaces: 8
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 2.01 Acres
- Features: Wooded
Details
- Parcel number: WARWM246B0191L0000
- Special conditions: Conventional/Market Value
- Other equipment: Cable TV
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Shingles
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Municipal
- Utilities for property: Sewer Available, Sewer Connected, Water Available, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Near Shopping
Location
- Region: Warwick
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2024 | Listing removed | $2,000$1/sqft |
Source: Zillow Rentals | ||
| 10/25/2024 | Listed for rent | $2,000$1/sqft |
Source: Zillow Rentals | ||
| 10/2/2024 | Sold | $545,000-7.5%$176/sqft |
Source:  StateWide MLS RI #1359789 | ||
| 9/11/2024 | Pending sale | $589,000$190/sqft |
Source: StateWide MLS RI #1359789 | ||
| 8/23/2024 | Contingent | $589,000$190/sqft |
Source: StateWide MLS RI #1359789 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,409 | $581,100 |
| 2024 | $8,409 +22.2% | $581,100 +19.8% |
| 2023 | $6,881 +2.4% | $484,900 +35.2% |
Find assessor info on the county website
Neighborhood: 02886
Nearby schools
GreatSchools rating
- 6/10Robertson SchoolGrades: K-5Distance: 1.3 mi
- 5/10Winman Junior High SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Toll Gate High SchoolGrades: 9-12Distance: 1.1 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$356,500
2% more+ $7,130
With Zillow Showcase(estimated)
$363,630