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$519,000
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Property Description
Welcome to your next investment opportunity! This charming 3 unit multifamily property is located in a quiet and desirable neighborhood, just steps away from the water. With great cash flow potential, this property is a dream for any savvy investor. The main house features two spacious units: Unit 1 boasts 2 bedrooms and 1 bathroom, while Unit 2 offers 2 bedrooms and 1.5 bathrooms. Both units are perfect for tenants seeking comfortable living spaces with plenty of natural light. But that's not all this property also includes a separate cottage on the lot, providing additional rental income potential. The cottage is a cozy studio with its own entrance, making it the ideal space for renters looking for privacy. Imagine owning an investment property where you can relax by the water and watch your profits roll in. With its prime location and multiple rental options, this home offers endless possibilities for lucrative returns. Don't miss out on this incredible opportunity to invest in both comfort and income potential. Schedule a showing today before it's too late!Please note that the vacant lot situated behind the property does not belong to this property.
Full Property Details
Full Property Details for 206 Reynolds Ave
General
- Price: $519,000
- Taxes: $6,441 (2023)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1399533
- Updated: 11/23/2025
- Added to Site: 71 day(s) ago
Interior
- Number of Rooms: 13
- Appliances: Gas Water Heater
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Parking
- Total Spaces: 6
- Parking Features: No Garage
Location
- County: Kent
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard, Gas
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 2
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished, Walk-Out Access
- Stories/Levels: 0
- Building Size: 4800
- Finished Total: 4,800 Sq. Ft.
- Finished Above Grnd: 4,800 Sq. Ft.
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.1102
- Lot Size (Sq. Ft.): 4,800
- Lot Size: 4800
Financial Considerations
- Tax Amount: $6,441
- Tax Year: 2023
Disclosures and Reports
- Property ID: 206REYNOLDSAVWARW
- Lot Number: 84
Listed by Longvin Realty Inc
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Schools
Schools serving 206 Reynolds Ave
School District:Warwick School District
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 206 Reynolds Ave
Date
Details
Price
Change
Source
11/05/2025
Listed
$519,000
34.81%
MLS
1/02/2024
Sold
$385,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 206 Reynolds Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,539
15%
$593,600
31%
2024
$6,568
2%
$453,900
—
2023
$6,441
15%
$453,900
52%
2022
$5,610
—
$299,500
—
2021
$5,610
—
$299,500
—
2020
$5,610
—
$299,500
—
2019
$5,610
16%
$299,500
29%
2018
$4,844
3%
$232,900
—
2017
$4,714
—
$232,900
—
2016
$4,714
31%
$232,900
34%
2015
$3,606
3%
$173,800
—
2014
$3,486
1%
$173,800
—
2013
$3,440
—
$173,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 206 Reynolds Ave
206 Reynolds Avenue, Warwick, RI 02889 (MLS# 1399533) is a Apartment property with 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 206 Reynolds Avenue is currently listed for $519,000 and was received on November 05, 2025. Want to learn more about 206 Reynolds Avenue? Do you have questions about finding other Apartment real estate for sale in Warwick? You can browse all Warwick real estate or contact a Coldwell Banker agent to request more information.

