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44 Newell St, West Warwick, RI, 02893

4beds
4baths
2,960sqft
$699,900
$236price/sqft
$5,269/moest. monthly cost
$210,760/yrincome needed

About This Home

Investment Opportunity – Well-Maintained 4-Family in Convenient West Warwick! Opportunity to own a brick 4-family investment property featuring four spacious 1-bedroom, 1-bath apartments with an office room with closet . Each thoughtfully designed unit offers a functional floor plan with a living room, eat-in kitchen equipped with a dishwasher, ample closet space, and additional private storage. Tenants enjoy the convenience of shared laundry facilities in the basement, adding to the property’s appeal and rental value. The building’s attractive brick exterior front provides timeless curb appeal and low-maintenance ownership, while the elevated lot offers a sense of privacy. Separate entrances for each unit enhance tenant convenience, and the efficient layouts maximize livability. Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this property presents an outstanding opportunity. Young Roof and lead safe with a lead variance from the department of health.

Getting Around

44
WalkingCar-Dependent
0
TransitVery Limited Transit
55
BikeBikeable

Schools

4/10
3/10
West Warwick High SchoolGrades 9-120.7 mi
4/10
John F. Horgan SchoolGrades K-40.7 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Mixed
  • Construction materials: Dry Wall,Plaster,Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: In Building

Basement

  • Has basement: Yes
  • Basement: Full,Bulkhead,Partially Finished,Laundry,Storage Space,Utility

Bedrooms & Bathrooms

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

Features

  • Wall (Dry Wall),Wall (Plaster),Plumbing (Mixed)
  • Door features: Storm Door(s)
  • Window features: Insulated Windows
  • Flooring: Ceramic Tile,Hardwood,Vinyl

Heating & Cooling

  • Heating features: Natural Gas,Baseboard,Forced Water
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 2,960
  • Total interior livable area: 2,960 sqft

Property

Details

  • Parcel number: WWAR03502080000
  • Attached to another structure: Yes

Features

  • Stories: 2

Lot

  • Lot size: 3,920 sqft
  • Features: Paved,Sidewalks

Parking

  • Total spaces: 8
  • Parking features: No Garage,Driveway
  • Has uncovered spaces: Yes

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
  • 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 $3,539$42,468
Home Insurance *$333$3,996
Property Taxes $795$9,540
Electricity $602$7,233
Total$5,269$63,228
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$180,651/yr
40% on housing$158,070/yr
45% on housing$140,506/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

$236This 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$699,900
2026-07-23Listed for sale$699,900

For Sale by Agent

AgentMichael Brennan
BrokerageKeller Williams Coastal

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