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31 Child St, Warren, RI, 02885

6beds
2baths
3,400sqft
$549,000
$161price/sqft
$4,905/moest. monthly cost
$196,200/yrincome needed

About This Home

Calling all investors! Don’t miss this opportunity to own a spacious two-family home in downtown Warren. The first-floor unit offers 3 bedrooms and 1 full bath, featuring hardwood floors throughout. The second-floor unit includes 3–4 bedrooms, 1 full bath, and hardwood floors throughout as well. Each unit boasts approximately 1,700 sq ft, providing generous living space. Both units were updated within the last 10 years, along with the roof and furnace, offering peace of mind for years to come. The property also includes a large parking lot, presenting an excellent opportunity for additional income. Ideally located within walking distance to downtown, and close to parks and the ocean. A strong investment with space, updates, and income potential — come check it out!

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
81
BikeVery Bikeable

Schools

8/10
Hugh Cole SchoolGrades PK-51.5 mi
7/10
Kickemuit Middle SchoolGrades 6-81.1 mi
8/10
Mt. Hope High SchoolGrades 9-123.0 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Clapboard

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Bulkhead,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Oil,Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 3,452
  • Total interior livable area: 3,400 sqft

Property

Details

  • Parcel number: WARRM:4L:64A
  • Attached to another structure: Yes

Lot

  • Lot size: 5,854 sqft

Parking

  • Total spaces: 10
  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Lightning
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,776$33,312
Home Insurance *$295$3,540
Property Taxes $1,142$13,704
Electricity $692$8,309
Total$4,905$58,860
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$168,171/yr
40% on housing$147,150/yr
45% on housing$130,800/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$161This listing

vs Other Active Listings

Avg $/sqft

ZIP 02885$237
Bristol County$387

vs Homes Sold Last Month

Median $/sqft

ZIP 02885$275
Bristol County$364

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-17Price change$560,000
2026-03-26Price change$575,000
2026-02-10Listed for sale$600,000
2023-02-10Sold$400,000
2023-01-26Pending sale$419,900
2023-01-26Listed for sale$419,900
2023-01-08Listing removed--
2023-01-04Contingent$419,900
2022-11-18Listed for sale$419,900
2022-11-09Contingent$419,900
2022-10-24Listed for sale$419,900

For Sale by Agent

AgentJohn Koop
BrokerageREMAX Revolution

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