18 days on rocket

109 Market St, Warren, RI, 02885

$1,260,000

Home List Price

$10,000*

Closing Credit

13 Bedrooms
5 Full Baths
Multi

Location

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109 Market St, Warren$1,260,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Garage
Year Built1920
HeatingBaseboard, Natural Gas
CoolingNone
BasementYes
MLS #1373579
Lot Size0.17 Acres
StatusActive

About 109 Market St

Exciting Opportunity to Invest in a Turnkey 5-Family Gem. This unique property consists of two buildings on one lot, offering a total of five apartments. The first building features three apartments, each with three bedrooms. The second building is a two-family property with two bedrooms in each apartment. All apartments have been meticulously updated from top to bottom, boasting beautiful hardwood floors, bright finishes, updated electrical, windows, plumbing, and more. Additionally, each apartment has certificate of lead conformance. One of the key highlights of this property is that all utilities are separated, providing convenience and ease of management. Furthermore, each apartment home is equipped with washer/dryer hookups in the basement. The property also includes a massive 2-car garage and workshop, offering the potential to increase rental income. The attic space in the garage presents an opportunity for further expansion, with limitless possibilities. In addition to these features, the property offers off-street parking and the apartments are currently rented below market price, presenting a great opportunity for increased revenue. This property presents a remarkable opportunity and is primed for the ideal investor.

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: William Raveis Inspire
  • Office Phone: (401) 396-9849

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 13

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,260,000

Tax Information:

  • Annual Amount: $8,243
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Warren, RI.

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Warren, RI

City

Med. Sold Price

$530K

Med. Price/SqFt

$331

Avg. Days On Market

21

# of Sold Homes

5

109 Market St vs Warren

18 DAYS ON ROCKET

-3 Days

$1,260,000

+$730K More

KEY TAKEAWAY

This property is $730K more than the Median Sold Price in Warren, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1373579

Listing Office:

  • Office Name: William Raveis Inspire
  • Office Phone: (401) 396-9849

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,243$465,200
2020$8,076$465,200
2019$4,722$247,100
2018$4,660$247,100
2017$4,648$247,100

History based on county public records data.

Payment Calculator

$6,356

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,844

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4301484
5
/10

  • Hugh Cole Elementary School

  • 50 Asylum Rd

  • 1.34 miles

  • Public District Grades PK-5

school-card-donut-4301485
8
/10

  • Hampden Meadows School

  • 297 New Meadow Rd

  • 2.03 miles

  • Public District Grades 4-5

school-card-donut-4301486
7
/10

  • Rockwell Elementary School

  • 1225 Hope St

  • 2.21 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,728. The majority of Warren, RI residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Bristol County›Warren›02885›109 Market St

This home is located at 109 Market St in Warren, RI and zip code 02885. This home, which was built in 1920, sits on a 0.17 acre lot. Features: 13 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 30, 2024 and is currently priced at $1,260,000.

Over 3 listings were sold over their listed price in November 2024 in Warren, RI. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price. In November 2024 in Warren, RI there were 9.7% more homes for sale than in October 2024. In November 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $530,000.

From Rocket Homes Real Estate and based on county public records data.

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