Excellent opportunity to own a well-maintained three-unit multifamily property offering income potential and long-term value. This property features three separate units with functional layouts, providing flexibility for investors who want rental income. Each 2 bedroom unit offers 5 rooms with comfortable living spaces with well-sized bedrooms, and practical kitchens and 1 bath. All appliances included stoves, refridgators, and dishwashers. One unit has it's own washer dryer. Community washer dryer is in the basement for units on the 1st and 3rd floor. Tenants have a 6 month lease until July 31, 2026. Lead safe certificate of compliance just completed. The property has been thoughtfully cared for, making it a solid, turnkey option with room to add value over time. Additional highlights include separate utilities, off-street parking, shared outdoor space, and convenient access to public transportation, shopping, dining, Wilcox park, and major commuter routes. Enjoy the best beaches in Rhode Island, just minutes away to Misquamicut, Westerly, and Watch Hill. beaches. If you are looking for a smart live-in investment, this 3-unit multifamily delivers reliable income with a desirable location. A rare opportunity you won't want to miss.
Multi-familyProperty Type
1900Year Built
5,000 sq ftLot Size
$156Est. Price/Sq.Ft.
3 spacesParking
Listed by Michelle VACCA• BEACHCOMBER REAL ESTATE
Bought with Jen Serafin• Coldwell Banker Coastal Homes
Investors take note! Absolutely turn key operation. All units rented and updated! Hardwoods, carpet and ceramic tile, vinyl siding, replacement windows, newer roof, separate utilities for each apartment, natural gas heat/water, city water and sewer.
Year
Property tax
Land + Additions
Assessment*
2025
$3,698 (+5.3%)
$148,100 + $327,200
$475,300
2024
$3,512 (+2.8%)
$105,800 + $230,300
$336,100
2023
$3,415 (+0.6%)
$105,800 + $230,300
$336,100
2022
$3,395 (−2.1%)
$105,800 + $230,300
$336,100
2021
$3,468 (+1.8%)
$92,000 + $195,600
$287,600
2020
$3,408 (+0.9%)
$92,000 + $195,600
$287,600
2019
$3,376 (+4.8%)
$92,000 + $195,600
$287,600
2018
$3,221 (+2.9%)
$92,000 + $168,800
$260,800
2017
$3,130
$92,000 + $168,800
$260,800
2016
$3,130 (+4.3%)
$92,000 + $168,800
$260,800
2015
$3,002 (+1.6%)
$93,900 + $173,400
$267,300
2014
$2,954 (+1.4%)
$93,900 + $173,400
$267,300
2013
$2,914 (+1.3%)
$93,900 + $173,400
$267,300
2012
$2,876
$104,300 + $180,200
$284,500
Tax history for 2 Gravity Ct
Year
Property tax
Land + Additions
Assessment*
2025
$3,698 (+5.3%)
$148,100 + $327,200
$475,300
2024
$3,512 (+2.8%)
$105,800 + $230,300
$336,100
2023
$3,415 (+0.6%)
$105,800 + $230,300
$336,100
2022
$3,395 (−2.1%)
$105,800 + $230,300
$336,100
2021
$3,468 (+1.8%)
$92,000 + $195,600
$287,600
2020
$3,408 (+0.9%)
$92,000 + $195,600
$287,600
2019
$3,376 (+4.8%)
$92,000 + $195,600
$287,600
2018
$3,221 (+2.9%)
$92,000 + $168,800
$260,800
2017
$3,130
$92,000 + $168,800
$260,800
2016
$3,130 (+4.3%)
$92,000 + $168,800
$260,800
2015
$3,002 (+1.6%)
$93,900 + $173,400
$267,300
2014
$2,954 (+1.4%)
$93,900 + $173,400
$267,300
2013
$2,914 (+1.3%)
$93,900 + $173,400
$267,300
2012
$2,876
$104,300 + $180,200
$284,500
*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
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
5,227 Sq. Ft.
Year renovated
—
Sq. Ft.
2,585
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Washington County
APN
328615
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