Description
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.
Details
| MLS # | 1414812 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1860 |
| Days On Site | 116 |
| Listing Provided By | Alpern And Mesenbourg | Alpern & Mesenbourg Group |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,234 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 3 |
| Acreage | 0.97 |
Interior
| Rooms Total | 8 |
|---|---|
| Heating | Oil, Baseboard, Zoned |
| Heating Yes / No | Yes |
| Cooling | None |
| Cooling Yes / No | No |
| Appliances | Exhaust Fan, Oven/Range, Refrigerator |
| Interior Features | Wall (Plaster), Attic, Plumbing (Copper) |
| Fireplaces Total | 0 |
| Laundry Features | In Unit |
Exterior
| Foundation Details | Stone |
|---|---|
| Lot Features | Out Building, Paved Driveway |
| Community Features | Commuter Bus, Highway Access, Hospital, Public School, Restaurants, Schools, Near Swimming |
| Construction Materials | Plaster, Vinyl Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Detached |
Utilities
| Utilities | Sewer Connected |
|---|---|
| Electric | 100 Amp Service |
Location
| Community Features | Commuter Bus, Highway Access, Hospital, Public School, Restaurants, Schools, Near Swimming |
|---|
Taxes
| Tax Annual Amount | 3534.58 |
|---|---|
| Tax Assessed Value | 432100 |
| Tax Lot | 69 |
| Tax Year | 2026 |
Area Information
| State | RI |
|---|---|
| County | Washington |
| City | Westerly |
| Zip Code | 02891 |
| Area | Washington |
| Listing VS Median (in 02891) | |
Price: $625,000 low | high Med: $590,000 sqft: 2,234 low | high Med: 1,700 $ / sqft: $280 low | high Med: $347 On site: 116 low | high Med: 56 | |
Market Activity 02891
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Learn More About This Property
| State | RI |
|---|---|
| County | Washington |
| City | Westerly |
| Zip Code | 02891 |
| Area | Washington |
| Listing VS Median (in 02891) | |
Price: $625,000 low | high Med: $590,000 sqft: 2,234 low | high Med: 1,700 $ / sqft: $280 low | high Med: $347 On site: 116 low | high Med: 56 | |
