This three-family property presents a fantastic opportunity for both investors and owner-occupants alike. Each of the three units offers a spacious layout featuring one to two bedrooms and one full bathroom, along with open-concept and eat-in kitchens that provide a comfortable and functional living space. The property also includes off-street parking and washer/dryer hookups in each unit. With a strong rental history, this home has proven income potential and is ready to continue generating revenue. Ideal for investors looking to add value through updates or for those seeking a close to turnkey opportunity, the roof could use updating; otherwise, this property can be rented as-is or improved to maximize returns. Don't miss the chance to own a versatile multi-family home.
Multi-familyProperty Type
1890Year Built
9,147 sq ftLot Size
$103Price/Sq.Ft.
3 spacesParking
Listed by Jaclyn Manchester• BHHS New England Properties
Bought with Jen Serafin• Coldwell Banker Coastal Homes
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
Other Features: Bathtub, Interior Steps, Tub Shower, Cable TV
Multi Unit Information
# Of Units Total: 3
# Of Buildings: 1
Multi Unit Financial Information
Operating Expense: $100
Unit Type 1
One Bedroom
# of Bedrooms: 1
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Area: 897.0
Actual Rent: $1,600
Unit Type 2
Two Bedroom
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Area: 1210.0
Actual Rent: $1,800
Unit Type 3
Two Bedroom
Unit Description: month to month
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Area: 1210.0
Actual Rent: $1,800
Exterior
Building Information
Stories (Total): 3
Construction Details: Drywall, Plaster, Wood Siding, Vinyl Siding
Exterior Features
Exterior Features: Deck, Porch, Paved Driveway
Patio And Porch Features: Deck, Porch
Lot Information
Lot Size Area: 9,147.6
Lot Size Acres: 0.21
Zoning: R6
Property Information
Above Grade Finished Area: 5,091
Foundation Details: Combination, Stone
Fixer
Financial
Assessments and Fees
Assessed Value: $499,400
Tax Information
Annual Tax Amount: $3,885.33
Tax Year: 2025
Utilities
Utility Information
Utilities: Sewer Connected
Electric: Separate Meters
Sewer: Connected
Water Source: Connected
Heating & Cooling
Has Heating
Heating: Gas
Location
Community Information
Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 3,317
Stories: 3.0
Lot Size: 9,148 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1890
Year Renovated: —
County: Washington County
APN: 464935
Home facts updated by county records on Jun 22, 2026
Around this home
Schools
State Street School
Public K-4 • Assigned • 0.4mi
9/10
Westerly Middle School
Public 5-8 • Assigned • 2.5mi
7/10
Westerly High School
Public 9-12 • Assigned • 0.4mi
7/10
Provided by GreatSchools
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
65
76
59
72
57
64
47
54
37
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 14% for direct sun exposure in Westerly. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$524,000 – $634,000
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