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65 New London Ave, Warwick, RI, 02886

4beds
2baths
1,700sqft
$485,000
$285price/sqft
$3,646/moest. monthly cost
$145,840/yrincome needed

About This Home

Fully renovated and income-producing opportunity in a highly convenient Warwick location. This turn-key side-by-side 2-family has undergone extensive improvements, including a brand-new roof, new vinyl siding, updated interiors, and major system upgrades. Offering low maintenance ownership and strong rental potential, this property is ideal for investors seeking a ready-to-rent asset or owner-occupants looking to build wealth through real estate. Ample parking, large lot, and easy access to highways, shopping, restaurants, schools, and public transportation make this an attractive option for tenants and homeowners alike.

Getting Around

57
WalkingSomewhat Walkable
24
TransitMinimal Transit
41
BikeSomewhat Bikeable

Schools

7/10
Scott SchoolGrades K-51.5 mi
5/10
5/10
Toll Gate High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1925

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

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

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Natural Gas,Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 1,775
  • Total interior livable area: 1,700 sqft

Property

Details

  • Parcel number: WARWM251B0101L0000
  • Attached to another structure: Yes

Lot

  • Lot size: 9,300 sqft

Parking

  • Total spaces: 3
  • 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

  • Inland Flooding
    Inland FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Hurricane
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm

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 $2,452$29,424
Home Insurance *$238$2,856
Property Taxes $567$6,804
Electricity $389$4,675
Total$3,646$43,752
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$125,005/yr
40% on housing$109,380/yr
45% on housing$97,226/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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.9%
-1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$285This listing

vs Other Active Listings

Avg $/sqft

ZIP 02886$249
Kent County$251

vs Homes Sold Last Month

Median $/sqft

ZIP 02886$293
Kent County$267

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
2026-08-09Price change$475,000
2026-07-30Price change$485,000
2026-06-22Listed for sale$499,000
2025-12-05Sold$270,000

For Sale by Agent

AgentMadelynn Duarte
BrokerageInnovations Realty

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