A rare investment opportunity in Westerly. This well-maintained duplex cherished by the same family for nearly three decades sits on a full acre of beautifully manicured lawn with mature trees and room to expand. This property meets the requirements for an ADU and still holds significant potential. Buyer to verify. Each unit offers 3 bedrooms, 1 bathroom, and a versatile bonus room ideal for storage, a home office, or a creative space. The entire property has just been freshly painted, setting the stage for your vision. With a bit of added TLC, the potential here is exceptional. Rent both units for strong cash flow, or live in one and Airbnb/VRBO the other to significantly offset your mortgage. Current three-bedroom rentals in Westerly commonly exceed $2,000 per month, making this a high-demand, high-return opportunity. A two-car garage and two additional sheds provide abundant storage. The location is unbeatable just a short walk to downtown Westerly, Westerly High School, restaurants, shops, and community amenities, and only a 10-minute drive to the beach. Convenience meets coastal living. Whether you're an investor seeking reliable rental income or a homeowner looking for flexibility and long-term value, this spacious, well-cared-for multifamily property stands out in today's market. Opportunities like this don't come around often.
Multi-familyProperty Type
1860Year Built
0.97 acresLot Size
$280Price/Sq.Ft.
2 car garageParking
Listed by Alpern & Mesenbourg Group• Alpern and Mesenbourg
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
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Park & open space
Water related
Sep 21, 2006 • Active
Building
Remove and replace an existing second floor deck.
Remodel
May 16, 2006 • Active
Building
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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
88/ 100
Very good sunlight
Sunscore
This home ranks in the top 29% for direct sun exposure in Westerly. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 36 Ledward Ave
$599,564
$25K under list price of $625K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $560K to $650K.