THE CROWN JEWEL! 2 Elm Street, Westerly, RI. The most majestic property in Beautiful Downtown Westerly is ready to take on its' next life. Looking down from its' perch at the top of Broad Street, she presides over Town. This will once again be the grand Lady it has been in the past. This opportunity is one of a kind, and can be taken advantage of for a variety of potential usages. A single family residence, a rental property, an Inn, a multi-unit property, or an extension of any high end real estate portfolio. Sitting directly next door to the Granite Theatre, you are a stones throw to gorgeous Wilcox Park, and all that Downtown Westerly has to offer. Fine dining, lively Pubs, and beautiful shops abound. Take a stroll to the river or through the Park. Enjoy mornings with coffee and conversation, and happy hour evenings leading to wonderful dinners downtown. Envision the grand front lawn with a western facing patio, complete with fire pits and gorgeous sitting areas looking over beautiful Downtown Westerly. This restoration is HGTV worthy! The seller is willing to partner with the right group that sees the unreal potential here, or to step aside and allow the next owner to complete their own vision. Public water and sewer are in place, along with natural gas. The lot should be able to sustain an ADU (another 2BR unit) and garage expansion in the rear!! There will never be another 2 Elm Street to duplicate this opportunity for a Downtown HOME or business opportunity!!
Est. $2,429 per month, based on comparable rentals
Sale and tax history for 2 Elm St
Sale History
Tax History
Date
Event
Price
RIS #1410935
Aug 5, 2026
Sold
$700,000
$189/sq ft
Jul 22, 2026
Contingent
—
Jun 30, 2026
Listed
$885,000
$238/sq ft
RIS #1377791
Apr 11, 2025
Sold
$530,000
$143/sq ft
Mar 17, 2025
Pending
—
Feb 24, 2025
Contingent
—
Feb 7, 2025
Listed
$685,000
$185/sq ft
+13
Own a Piece of History at 2 Elm Street! Looking for the perfect blend of residential comfort and prime commercial potential? Your search ends here! This stunning four-bedroom home/commercial property at 2 Elm Street in the heart of Westerly, Rhode Island, offers a unique opportunity for both homeowners and entrepreneurs. Nestled directly across from the picturesque Wilcox Park, this property enjoys an unbeatable downtown location and is located in the Federal Opportunity Zone.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Washington County
APN
2ELMSTWEST
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 7, 2025.
P-15
Professional/Office District
The Professional/Office Zoning District is intended to establish areas within which the Town encourages a concentration of professional office and related uses. Property in this district often provides a transitional area between more intense districts and residential districts.
Permitted uses
Include but are not limited to:
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Mixed use development
Office
Recreation
Water related
Property details
Parking
Parking
Features: No Garage
# of Parking (Total): 10
Interior
Bathroom Information
# of Full Bathrooms: 1
# of Half Bathrooms: 1
Room Information
# of Rooms (Total): 10
Room Types: Storage Room
Has Basement
Basement Information: Full, Unfinished
Fireplace Information
Has Fireplace
# of Fireplaces: 2
Features: Marble
Equipment
Appliances: Water Heater
Interior Features
Accessibility Features: Accessible Approach with Ramp
Flooring: Hardwood
Other Features: Bathtub, Tub Shower
Exterior
Building Information
Stories: 3
Stories (Total): 3
Construction Details: Plaster, Clapboard
Green Features
Green Location: Public transportation, Walkability
Lot Information
Lot Size Area: 20,038
Lot Size Acres: 0.46
Waterfront Features: River Front, Walk to Water
Property Information
Above Grade Finished Area: 3,712
Foundation Details: Combination, Stone
Financial
Assessments and Fees
Assessed Value: $629,800
Tax Information
Annual Tax Amount: $4,900
Tax Year: 2025
Utilities
Utility Information
Electric: Amps 100
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Baseboard, Gas, Oil, Steam
Location
Community Information
Community Features: Highway Access, Marina, Near Hospital, Near Schools, Restaurant, Shopping, Sidewalks
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Washington County
APN: 2ELMSTWEST
Home facts updated by county records on Feb 7, 2025
Around this home
Schools
State Street School
Public K-4 • Assigned • 0.8mi
9/10
Westerly Middle School
Public 5-8 • Assigned • 2.9mi
7/10
Westerly High School
Public 9-12 • Assigned • 0.5mi
7/10
Provided by GreatSchools
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
88/ 100
Very good sunlight
Sunscore
This home ranks in the top 27% for direct sun exposure in Westerly. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$801,000 – $970,000
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