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49 W Warwick Ave, West Warwick, RI, 02893

6beds
2baths
2,205sqft
$465,000
$211price/sqft
$3,572/moest. monthly cost
$142,880/yrincome needed

About This Home

Charming 2-family home on a corner lot featuring a classic wrap-around porch, hardwood floors and endless potential. Offset your monthly housing costs with built-in rental income. Each unit offers 3 bedrooms and 1 bath, with a flexible layout that allows for a potential 4th bedroom. Bonus space includes a full walkout lower level with a semi-finished area. Bring a little sweat equity to restore its old-world charm and unlock major value.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

4/10
3/10
West Warwick High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Dry Wall,Plaster,Shingles,Wood

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater,Tankless Water Heater,Oven/Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full,Interior and Exterior,Unfinished

Bathroom

  • Features: Bath w Tub & Shower

Bedrooms & Bathrooms

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

Features

  • Wall (Dry Wall),Wall (Plaster),Plumbing (Mixed),Insulation (Ceiling)
  • Flooring: Ceramic Tile,Hardwood,Carpet
  • Fireplace features: None

Heating & Cooling

  • Heating features: Natural Gas,Baseboard,Forced Water,Steam
  • Cooling features: None

Interior Area

  • Total structure area: 2,205
  • Total interior livable area: 2,205 sqft

Property

Details

  • Parcel number: WWAR00701470000
  • Attached to another structure: Yes

Features

  • Stories: 2
  • Patio & porch: Porch

Lot

  • Lot size: 5,009 sqft

Parking

  • Total spaces: 5
  • 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 FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
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 $2,351$28,212
Home Insurance *$221$2,652
Property Taxes $551$6,612
Electricity $449$5,388
Total$3,572$42,864
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$122,468/yr
40% on housing$107,160/yr
45% on housing$95,253/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

$211This listing

vs Other Active Listings

Avg $/sqft

ZIP 02893$191
Kent County$251

vs Homes Sold Last Month

Median $/sqft

ZIP 02893$259
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)

Price History

DateEventPrice
2026-08-06Contingent$465,000
2026-07-27Listed for sale$465,000

For Sale by Agent

AgentThe Peter Izzi Team
BrokerageREMAX Revolution

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