89 Adelaide Avenue, Warwick, RI 02886

$436,000
4
BD
4
BA

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Sold Price
$436,000
List Price
$425,000
Status
CLOSED
MLS#
1413307
Closing Date
Jun 11, 2026
Year Built
1890
Levels
One
Style
Stacked, Side By Side
Bedrooms
4
Bathrooms
4
Acres
0.47
Subdivision
West Of Rte 2

Property Description

Exceptional investment and redevelopment opportunity in a prime Warwick location west of Route 2. Situated on an oversized approximately 20,000 SF lot in A-7 zoning, this legal 4 unit property currently consists of four 1-bedroom units with strong upside potential. Two units are in very good condition. One unit has been fully gutted and requires complete renovation (sold as-is), offering investors/developers the opportunity to add immediate value through improvements. The oversized lot and zoning create multiple possibilities for future optimization, including the potential lot separation, additional building(s), new single-family and/or multifamily development opportunities (subject to city approvals). Conveniently located near shopping, dining, highways, TF Green Airport, and major amenities, this property combines strong location fundamentals with long-term development potential. Rare opportunity for investors, builders, or owner-operators seeking immediate value and future expansion possibilities in one of Warwick's most accessible neighborhoods. Three of the units are occupied, please provide notice when requesting a showing. All units have Lead Certs. BEST AND FINAL DUE TUESDAY 5/26/2026 at 5 PM...MUST BE ON PURCHASE AND SALES AGREEMENT FORM WITH PROOF OF FUNDS OR PRE-QUAL LETTER. email to showing agent

Additional Information

Taxes
$5,605
Lot Size
20,293
Interior Features
Interior Steps, Tub Shower
Flooring
Carpet, Vinyl
Heating
Baseboard, Central, Gas, Hot Water, Oil
Cooling System Type
None
Sewer
Connected, Public Sewer, Sewer Assessment(s)
Water Source
Public
Appliances
Oven, Range, Refrigerator, Tankless Water Heater, Water Heater
Basement
Full, Unfinished
Exterior Features
Paved Driveway
Parking Spaces
4

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Listing courtesy of Compass. Contact:

Selling Office: BHHS Pinnacle Realty.

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