220 Washington Street, West Warwick, RI 02893
sale
$999,000
|
Other
Courtesy Of Start Realty
Welcome to 220 Washington Street, a six-unit multifamily property offering an attractive opportunity for investors seeking reliable cash flow. Featuring a desirable mix of one-, two-, and three-bedroom apartments, the current monthly rents total $9,060, providing $108,720 in scheduled gross annual rental income. All tenants are on month to month leases with excellent payment history. Some rents are below market, giving the buyer immediate value-add potential. Two fully renovated apartments feature dishwashers, microwaves, and in-unit laundry, while four classic apartments have had some updates and enjoy access to a shared coin-operated washer and dryer, offering added convenience for tenants and potential supplemental income. Tenants pay their own electricity, while gas is paid by the owner. Within the last five years a full roof replacement was performed, new electrical service and panels installed, and new AO Smith water heater installed. The modern Buderus cast iron gas boiler was professionally serviced prior to this heating season, ensuring reliability. Conveniently located with access to local shopping, dining, services, and major commuting routes, 220 Washington offers the potential to build on existing income while exploring future value-add opportunities. Don't miss this opportunity to own a solid six-unit multifamily property in the desirable Arctic village of West Warwick! Contact us today for additional information and to schedule a showing.
Read More About This Property
Read Less About This Property
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Amenities: Security System
- Floors: 3
- Heating System: Baseboard
- Heating System: Natural Gas
- MLSID: 1426001
- Parking Spaces: 8
- Rooms: Basement
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$950,000
Other
45 Quaker Lane 1
West Warwick, RI 02893
Building: 3,907 sq. ft.
|
Land: 33 Acres
Courtesy Of RE/MAX PREFERRED
sale
$895,900
Other
923 Main Street
West Warwick, RI 02893
Building: 4,360 sq. ft.
|
Land: 0.31 Acres
Courtesy Of Golden Summit Investment Corp. dba RE/MAX Real Estate Center
sale
$799,000
Other
329 Providence Street
West Warwick, RI 02893
Land: 0.66 Acres
Courtesy Of RI Real Estate Services
sale
$799,000
Other
245 Washington Street
West Warwick, RI 02893
Building: 4,023 sq. ft.
|
Land: 0.38 Acres
Courtesy Of RI Real Estate Services