15 Thompson Street, Warren, RI 02885 - Photo 1

1/1

$740,000

Sold
Closed
Multi-Family
4 Units
5 Total Beds
0.07 Acres

1/1

Property Description

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!

Full Property Details

Full Property Details for 15 Thompson St

General

Sold For: $740,000
Taxes: $4,629 (2024)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1382522
Added to Site: 306 day(s) ago

Interior

Number of Rooms: 15
Interior Features: Stall Shower
Fireplace(s): None
Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
Flooring: Carpet, Ceramic Tile, Laminate

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 5

Bedrooms

Total Bedrooms: 5

Additional Information

Tennis: Yes

Exterior

Exterior Features: Balcony, Deck, Paved Driveway
Porch/Patio/Deck: Balcony, Deck

Parking

Total Spaces: 4
Parking Features: No Garage

Location

County: Bristol
Near Highway: Yes

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard, Gas, Hot Water

Utilities

Sewer: Connected, Public Sewer
Water: Connected, Public
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Drywall, Vinyl Siding
Basement: Yes
Basement Desc.: Full, Unfinished
Stories/Levels: 3
Building Size: 4220
Finished Total: 4,220 Sq. Ft.
Finished Above Grnd: 4,220 Sq. Ft.
Year Built: 1900

Lot Features

Lot Size (Acres): 0.07
Lot Size (Sq. Ft.): 3,049
Lot Size: 3049
Sidewalks: Yes
Lot Features: Cul-De-Sac

Water Features

Water Front Desc.: Walk to Water

Financial Considerations

Operating Expenses: $14,302
Tax Amount: $4,629
Tax Year: 2024
Tenant Pays: Hot Water

Disclosures and Reports

Property ID: 15THOMPSONSTWARN
Lot Number: 47

Listed by Engel & Volkers
Sold by Cameron Prestige, LLC

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— 15 Thompson St —

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Schools

Schools serving 15 Thompson St

School District:Bristol-Warren Regional School District

Name	Grades	Distance
Mt. Hope High School 199 Chestnut Street, Bristol, RI 02809	9-12	3.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 15 Thompson St

Date

Details

Price

Change

Source

6/30/2025

Sold

$740,000

-1.33%

MLS

4/21/2025

Listed

$750,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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15 Thompson Street, Warren, RI 02885 (MLS# 1382522) is a Multi-Family property that was sold at $740,000 on June 30, 2025. Want to learn more about 15 Thompson Street? Do you have questions about finding other Multi-Family real estate for sale in Warren? You can browse all Warren real estate or contact a Coldwell Banker agent to request more information.

15 Thompson St Warren, RI 02885