89 Adelaide, Warwick, RI, 02886

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

Residential Income
$425,000
Location
City/TownWarwick
CountyKent
Community FeaturesBus, Golf, Highway Access, Hospital, Interstate, Restaurants, Shopping
Interior
Living Area1,624 sq. ft.
Rooms8
HeatingNatural Gas, Oil, Baseboard, Central, Forced Water, Gas Connected
CoolingNone
Interior FeaturesWall (Dry Wall), Wall (Paneled), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Additional Information
Tax Assessment$441,300
ZoningA7
Exterior
Acreage0.4659
Listed By: Compass

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