Rare opportunity to own a turnkey five family located in the Wilcox Park area of downtown Westerly. This location is not only uniquely situated within a short walking distance to dining and shopping but is also located in the Qualified Opportunity Zone: tax deferment on eligible capital gains.
Multi-familyProperty Type
1930Year Built
0.25 acresLot Size
$168Est. Price/Sq.Ft.
6 spacesParking
Listed by Chris Randall• Randall, REALTORS Compass
Bought with Travis Justice• Randall, REALTORS Compass
Checkout this 5 apartment multifamily with in the Westerly's Qualified Opportunity Zone for possible tax deferment on eligible capital gains. Within walking distance to downtown Westerly, Library, Wilcox Park. Close to all amenities. Natural gas, Municipal water and sewer. All separate electric. Newer Hot Water heaters for all units. Most apartments have updated flooring and bathrooms. Well cared for multifamily with 2 units on first and second floor with a single apartment on third floor. All leases are month to month. Great rental history. Long term tenant on first floor. Turn key ready to go.
RIS #716342
Nov 14, 1997
Sold
$159,900
$38/sq ft
Aug 31, 1997
Listing Removed
—
Aug 26, 1997
Listed
$159,900
$38/sq ft
5 UNIT APARTMENT WITH GROSS INCOME OF 31,560 PER YEAR!! 4 TWO BDRM UNITS A ONE 3 BDRM UNIT. LOTS OF RENOVATION HAS BEEN DONE TO THIS ONE. GREAT INVESTMENT OPPORTUNITY PLENTY OF PARKING. GAS HEAT! PRICED TO SELL!!
RIS #517607
Apr 29, 1996
Sold
$127,000
$30/sq ft
Aug 31, 1995
Listed
$129,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,013 (+29.9%)
$163,700 + $480,700
$644,400
2024
$3,858 (+2.9%)
$116,900 + $252,300
$369,200
2023
$3,751 (+0.6%)
$116,900 + $252,300
$369,200
2022
$3,729 (+5.0%)
$116,900 + $252,300
$369,200
2021
$3,550 (+1.7%)
$101,700 + $192,700
$294,400
2020
$3,489 (+1.0%)
$101,700 + $192,700
$294,400
2019
$3,456 (−3.0%)
$101,700 + $192,700
$294,400
2018
$3,564 (+2.9%)
$101,700 + $186,900
$288,600
2017
$3,463
$101,700 + $186,900
$288,600
2016
$3,463 (−0.3%)
$101,700 + $186,900
$288,600
2015
$3,472 (+1.6%)
$103,800 + $205,400
$309,200
2014
$3,417 (+1.4%)
$103,800 + $205,400
$309,200
2013
$3,370 (−0.9%)
$103,800 + $205,400
$309,200
2012
$3,402
$115,300 + $221,200
$336,500
Tax history for 52 54 Granite St
Year
Property tax
Land + Additions
Assessment*
2025
$5,013 (+29.9%)
$163,700 + $480,700
$644,400
2024
$3,858 (+2.9%)
$116,900 + $252,300
$369,200
2023
$3,751 (+0.6%)
$116,900 + $252,300
$369,200
2022
$3,729 (+5.0%)
$116,900 + $252,300
$369,200
2021
$3,550 (+1.7%)
$101,700 + $192,700
$294,400
2020
$3,489 (+1.0%)
$101,700 + $192,700
$294,400
2019
$3,456 (−3.0%)
$101,700 + $192,700
$294,400
2018
$3,564 (+2.9%)
$101,700 + $186,900
$288,600
2017
$3,463
$101,700 + $186,900
$288,600
2016
$3,463 (−0.3%)
$101,700 + $186,900
$288,600
2015
$3,472 (+1.6%)
$103,800 + $205,400
$309,200
2014
$3,417 (+1.4%)
$103,800 + $205,400
$309,200
2013
$3,370 (−0.9%)
$103,800 + $205,400
$309,200
2012
$3,402
$115,300 + $221,200
$336,500
*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
9
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
0.25 Acres
Year renovated
—
Sq. Ft.
4,600
Year built
1930
Style
Multi-Family (5+ Unit)
County
Washington County
APN
237278
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