$5,700 Closing Credit¹
#1380278, Listing office: Residential Properties Ltd.
$529,900 List price
206 Reynolds Ave Warwick, RI 02889
$6,293
Closing credit¹
5 beds
3 full, 1 partial
0.1 acres
Multi-Family
Property details
About 206 Reynolds Ave
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.
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas
StatusActive
CoolingWindow Unit(s)
BasementYes
Lot size0.1102 Acres
Year built1940
ParkingNo Garage
MLS #1382396
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Gas Water Heater
- Basement: Yes
- Flooring Type: Vinyl
- Total Bedroom Count: 5
- Parking: No Garage
- Heating: Baseboard, Natural Gas
- Cooling: Window Unit(s)
- List Price: $529,900
- Annual Tax Amount: $6,568
- Tax Year: 2024
- Year Built: 1940
- Lot Size: 0.1102 Acres
- MLS Number: 1382396
- MLS Name: RIS
- Office Name: Longvin Realty Inc
- Office Phone: (401) 567-6666
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 6:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$529,900
206 Reynolds Ave
$6,293
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 02, 2024 | Home Sold | $385,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $453,900 | $6,568 |
| 2023 | $453,900 | $6,441 |
| 2022 | $299,500 | $5,610 |
| 2021 | $299,500 | $5,610 |
| 2020 | $299,500 | $5,610 |
| 2019 | $299,500 | $5,610 |
History based on county public records data.
Nearby schools
7
Park Elementary School
Public District KG-6
0.5 mi
•40 Asylum Rd
2
Oakland Beach Elementary School
Public District KG-6
0.6 mi
•383 Oakland Beach Ave
5
Lippitt Elementary School
Public District KG-6
0.8 mi
•30 Almy St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,130. Most Warwick, RI residents have annual incomes less than $<35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
40%
<35k
38%
35k-100k
18%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
39%
Single, No Kids
14%
Single, with Kids
30%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
21%
18-34 yrs old
45%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
College Basketball
Hiking/backpacking
Horse Races
Where do the neighbors shop?
Dillards
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Logan's Roadhouse
Chipotle
LongHorn Steakhouse
What do the neighbors drive?
Hyundai
Mazda
Buick
What do the neighbors listen to?
Rock
Contemporary Inspirational
Adult Hits
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Warwick, RI
Warwick's transportation infrastructure supports both private and public transit options, with a network of roads that connect residents to the rest of the state and beyond. Public transportation services are available, offering routes that facilitate access to key areas within the city and to neighboring regions. The city is also mindful of walkability, with certain areas being more pedestrian-friendly, and has made efforts to improve bike paths to encourage alternative modes of transport.
The city of Warwick provides a comprehensive array of services to its residents. The educational landscape includes a number of public and private schools, offering a variety of choices for families. Healthcare is well-represented with several clinics and a hospital that provides emergency services and specialized care. Retail and dining options are plentiful, with establishments ranging from local boutiques to national chains, reflecting the community's diverse tastes and economic vitality.
Warwick is celebrated for its coastal charm and rich history, with numerous parks and marinas that underscore its maritime heritage. The community prides itself on a family-friendly atmosphere, with annual events that foster a strong sense of togetherness. The city's character is further defined by its blend of quiet residential neighborhoods and bustling commercial areas, providing a balanced lifestyle for its inhabitants.
Warwick's housing market is diverse, offering a range of options from classic colonial homes to contemporary condominiums. Single-family homes are prevalent, making up a significant portion of the housing stock, with a mix of older homes that reflect the city's historical roots and newer constructions that cater to modern preferences. The homeownership rate in Warwick is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.
About 206 Reynolds Ave
The listing price of 206 Reynolds Ave property is $529,900.
The property 206 Reynolds Ave is a multi located in Warwick, Rhode Island, 02889.
Active Listing: 206 Reynolds Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 206 Reynolds Ave are: Park Elementary School (GreatSchools Rating 7/10), Oakland Beach Elementary School (GreatSchools Rating 2/10), Lippitt Elementary School (GreatSchools Rating 5/10), Warwick Veterans Memorial Middle School (GreatSchools Rating 5/10), Winman Middle School (GreatSchools Rating 4/10), Archie R. Cole Middle School (GreatSchools Rating 9/10), Pilgrim High School (GreatSchools Rating 4/10), Nel/Cps Construction Career (GreatSchools Rating 1/10), Toll Gate High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $6,568 (source: MLS/based on county public records data).
The last sale was on January 2, 2024 for $385,000 (source: MLS/tax record).
The year of construction for 206 Reynolds Ave is 1940.
This home is located at 206 Reynolds Ave in Warwick, RI and zip code 02889. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 13, 2025 and is currently priced at $529,900.
Over 54 listings were sold over their listed price in May 2025 in Warwick, RI. In the same period over 30 listings were sold below the listed price and 9 listings were sold for the listed price. In May 2025 in Warwick, RI there were 2.8% less homes for sale than in April. In May 2025 median list price was $410,000 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.