Set in one of Warwick’s most desirable coastal pockets, this 3-bedroom home offers a unique chance to secure location, space, and long-term upside in a single purchase. Just a short walk to the water, the property delivers the lifestyle buyers are chasing—coastal living, neighborhood charm, and room to grow. Inside, you’ll find a flexible layout with three bedrooms, three bathrooms (including one full), and a finished basement that adds valuable bonus space for a home office, gym, or additional living area. The home is solid and functional, offering the next owner an opportunity to update and customize to their own style over time. What truly sets this property apart is the additional lot—opening the door to expansion, added privacy, or future development. (Buyer to perform due diligence). Whether you’re looking to build equity, invest in a prime location, or create your ideal coastal home, this is a rare opportunity to get into the highly sought-after Gaspee neighborhood with built-in upside. Bring your vision and make it your own. Subject to seller finding suitable housing. Estate sale. Being sold as is
For sale
$499,000
21 Madison St, Warwick, RI 02888
3beds
2,000sqft
Est.:
Single Family Residence
Built in 1915
0.34 Acres Lot
$493,600 Zestimate®
$250/sqft
$-- HOA
What's special
Additional lotFlexible layout
- 7 days |
- 2,174 |
- 40 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 30, 2026 at 11:16am
Listed by:
William Rubeira 401-391-0444,
Engel & Volkers Oceanside
Source: StateWide MLS RI,MLS#: 1408461
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Baseboard, Forced Water
Cooling
- None
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
Features
- Wall (Dry Wall), Wall (Wood), Stairs, Plumbing (Mixed), Ceiling Fan(s)
- Flooring: Ceramic Tile, Carpet
- Basement: Full,Interior Entry,Partially Finished,Bath/Stubbed,Bedroom(s),Living Room,Media Room,Playroom,Workout Room
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,400
- Total interior livable area: 2,000 sqft
- Finished area above ground: 1,400
- Finished area below ground: 600
Property
Parking
- Total spaces: 5
- Parking features: Detached, Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Fencing: Fenced
- Waterfront features: Walk to Salt Water, Walk To Water
Lot
- Size: 0.34 Acres
Details
- Parcel number: WARWM293B0807L0000
- Zoning: A7
- Other equipment: Cable TV
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Dry Wall, Wood Wall(s), Clapboard
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Municipal
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
- Subdivision: Gaspee
HOA
- Has HOA: No
Location
- Region: Warwick
Financial & listing details
- Price per square foot: $250/sqft
- Tax assessed value: $283,800
- Annual tax amount: $4,467
- Date on market: 3/27/2026
Estimated market value
$493,600
$469,000 - $518,000
$3,310/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Listed for sale | $499,000-13.2%$250/sqft |
Source:  StateWide MLS RI #1408461 Report a problem | ||
| 12/29/2025 | Listing removed | $575,000$288/sqft |
Source: StateWide MLS RI #1396450 Report a problem | ||
| 9/30/2025 | Listed for sale | $575,000-4.2%$288/sqft |
Source: StateWide MLS RI #1396450 Report a problem | ||
| 9/22/2025 | Listing removed | $599,900$300/sqft |
Source: StateWide MLS RI #1393554 Report a problem | ||
| 8/26/2025 | Listed for sale | $599,900+108.7%$300/sqft |
Source: StateWide MLS RI #1393554 Report a problem | ||
| 6/30/2005 | Sold | $287,500+187.5%$144/sqft |
Source: Public Record Report a problem | ||
| 1/3/1995 | Sold | $100,000+122.2%$50/sqft |
Source: Public Record Report a problem | ||
| 4/22/1994 | Sold | $45,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,107 | $283,800 |
| 2024 | $4,107 +5.7% | $283,800 +3.7% |
| 2023 | $3,884 +4.5% | $273,700 +38% |
| 2022 | $3,716 | $198,400 |
| 2021 | $3,716 | $198,400 |
| 2020 | $3,716 | $198,400 |
| 2019 | $3,716 +18% | $198,400 +31% |
| 2018 | $3,149 +2.8% | $151,400 |
| 2017 | $3,064 | $151,400 |
| 2016 | $3,064 -12.3% | $151,400 -10% |
| 2015 | $3,492 +3.4% | $168,300 |
| 2014 | $3,376 +1.4% | $168,300 |
| 2013 | $3,331 | $168,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,067/mo
Principal & interest
$2531
Property taxes
$536
More affordability tools
Climate risks
Neighborhood: 02888
Nearby schools
GreatSchools rating
- 5/10Wyman SchoolGrades: K-5Distance: 0.4 mi
- 5/10Warwick Veterans Jr. High SchoolGrades: 6-8Distance: 3.6 mi
- 7/10Pilgrim High SchoolGrades: 9-12Distance: 1.1 mi
Local experts in 02888
- Rhode Island
- Kent County
- Warwick
- 02888
- 21 Madison St
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