Fully rented 3 family home in the heart of Westerly! Connected to city water, sewer and gas. Off-site parking for tenants. Located near downtown Westerly, train station, Rt 95, Schools, and Westerly beaches. Rent rolls are $4,600.00 monthly with tenants paying their own utilities. Landlord pays for water/sewer, rubbish removal, snow removal and landscape. Review all disclosures, ROI, previous inspection & repairs before requesting showing. 1st floor leased until April (would like to stay), 2nd floor leased until 6.30, 25, 3rd floor leased until 12.31, 2024. 2nd and 3rd floor are paying $1200 in November & December, their new rents of $1300 start January 1st.
Multi-familyProperty Type
1900Year Built
0.25 acresLot Size
$219Est. Price/Sq.Ft.
Listed by Sandy Bliven• RE/MAX South County
Listed by Elizabeth Andersen Warner• RE/MAX South County
Bought with Leanne McCormick• Milestone Realty, Inc.
This 3 family home in the heart of Westerly has plenty of options as an investment property or to live in and rent the other two units. Offering a 2BR 1 BA on the first floor, 3BD 1BA on the 2nd floor, and 2BD 1 BA on the third floor, there is plenty of income potential. Connected to town gas, water and sewer and includes off-site parking for 4-6 cars. Located near downtown Westerly, Rt 95, Schools, and Westerly beaches with a great rental track record. Reserve your showing today! Great rent rolls, $3,275, Taxes: $3500, insurance, payments $2,059 per month, live for free or get $3275 income per month. Turn key! Cash on Cash return, 11.96%. Cap Rate 7.64% per numbers provided from owner. Income and Expenses available with showing and Pre approval or proof of funds.
RIS #1223120
Jun 13, 2019
Sold
$331,000
$114/sq ft
May 19, 2019
Pending
—
May 13, 2019
Listed
$349,000
$120/sq ft
+15
This 3 family home in the heart of Westerly has plenty of options as an investment property or to live in and rent the other two units. Offering a 2BR 1 BA on the first floor, 3BD 1BA on the 2nd floor, and 2BD 1 BA on the third floor, there is plenty of income potential. Connected to town gas, water and sewer and includes off-site parking for 4-6 cars. Located near downtown Westerly, Rt 95, Schools, and Westerly beaches with a great rental track record. Schedule a showing today! Subject to seller (1st floor unit) finding suitable housing.
RIS #205798
Jul 15, 2002
Sold
$260,000
$89/sq ft
May 9, 2002
Listing Removed
—
May 2, 2002
Listed
$254,900
$88/sq ft
RIS #900210
Apr 2, 1999
Sold
$130,000
$45/sq ft
Feb 12, 1999
Listing Removed
—
Jan 6, 1999
Listed
$151,000
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,930 (+2.6%)
$160,800 + $344,400
$505,200
2024
$3,831 (+2.8%)
$115,300 + $251,300
$366,600
2023
$3,725 (+0.6%)
$115,300 + $251,300
$366,600
2022
$3,703 (+3.4%)
$115,300 + $251,300
$366,600
2021
$3,581 (+1.8%)
$100,400 + $196,500
$296,900
2020
$3,518 (+0.9%)
$100,400 + $196,500
$296,900
2019
$3,486 (+4.5%)
$100,400 + $196,500
$296,900
2018
$3,337 (+2.9%)
$100,400 + $169,800
$270,200
2017
$3,242
$100,400 + $169,800
$270,200
2016
$3,242
$100,400 + $169,800
$270,200
2015
$3,240 (+1.6%)
$102,400 + $186,100
$288,500
2014
$3,188 (+1.4%)
$102,400 + $186,100
$288,500
2013
$3,145
$102,400 + $186,100
$288,500
2012
$3,148
$113,700 + $197,700
$311,400
Tax history for 11 Spruce St
Year
Property tax
Land + Additions
Assessment*
2025
$3,930 (+2.6%)
$160,800 + $344,400
$505,200
2024
$3,831 (+2.8%)
$115,300 + $251,300
$366,600
2023
$3,725 (+0.6%)
$115,300 + $251,300
$366,600
2022
$3,703 (+3.4%)
$115,300 + $251,300
$366,600
2021
$3,581 (+1.8%)
$100,400 + $196,500
$296,900
2020
$3,518 (+0.9%)
$100,400 + $196,500
$296,900
2019
$3,486 (+4.5%)
$100,400 + $196,500
$296,900
2018
$3,337 (+2.9%)
$100,400 + $169,800
$270,200
2017
$3,242
$100,400 + $169,800
$270,200
2016
$3,242
$100,400 + $169,800
$270,200
2015
$3,240 (+1.6%)
$102,400 + $186,100
$288,500
2014
$3,188 (+1.4%)
$102,400 + $186,100
$288,500
2013
$3,145
$102,400 + $186,100
$288,500
2012
$3,148
$113,700 + $197,700
$311,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
0.25 Acres
Year renovated
—
Sq. Ft.
2,672
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Washington County
APN
235778
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
HDR-6
High-Density Residential 6 District
High-Density Residential 6 Zoning Districts are intended primarily for areas of existing residential development. These zoning districts are designed for areas where existing densities are high, close to saturation, which include a variety of housing types. These areas are served by municipal water. Also except Misquamicut, they are served by municipal sewers
Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Public facts
Beds: 8
Baths: 3.0
Sq. Ft.: 2,672
Stories: 3.0
Lot Size: 0.25 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Washington County
APN: 235778
Home facts updated by county records on Jun 22, 2026
Around this home
Schools
State Street School
Public K-4 • Assigned • 0.8mi
9/10
Westerly Middle School
Public 5-8 • Assigned • 2.8mi
7/10
Westerly High School
Public 9-12 • Assigned • 0.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 91° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Westerly, RI • 02891
Average low and high temperatures (°F)
35
22
37
22
47
33
56
41
63
51
75
60
79
66
76
59
72
57
64
47
54
37
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.
9.1 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$605,000 – $732,000
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