2-Unit Duplex with
For Sale
$529,900
11 Maybrey Drive, Westerly, RI 02891
Residential Income, Westerly, RI
Property Size2,160 SF
Lot Size0.28 Acres
Price / SF$245.32
Days on Market48
Property Features for 11 Maybrey Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking
6
Parking features
None
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Plumbing (Copper), Plumbing (PVC), Insulation (Ceiling), Insulation (Walls)
Exterior features
Deck
Basement
Full, Storage Space, Partially Finished
Appliances
Oven, Range, Refrigerator, Electric Water Heater
Standard status
Active
Size
2,160 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3222
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Re/Max South County · RE/MAX International
(401) 596-2067
Listed By:
Lynn Azzinaro · License #REC.0014390
(401) 742-4584
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 6 at 5:06AM
MLS# 1420940
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1987, this vacant duplex contains two two-bedroom, one-bath residences within 2,160 square feet. A partially finished lower-level area adds flexible interior space. Each unit has its own washer and dryer hookups and separate utilities; the property is served by public water and sewer. A deck is among the exterior features, and the parcel measures 0.28 acres.
The property is in Westerly, minutes from downtown. Wilcox Park, Westerly Library, local restaurants, shops, and coastal attractions are identified nearby. The property is offered vacant, with two separate residences and individual utility service.
The property is in Westerly, minutes from downtown. Wilcox Park, Westerly Library, local restaurants, shops, and coastal attractions are identified nearby. The property is offered vacant, with two separate residences and individual utility service.
Key Highlights
- Vacant two‑family property with two 2‑bedroom, 1‑bath residences
- 2,160 square feet on a 0.28‑acre parcel
- Each unit has separate utilities and individual washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,054
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,080
$521.1K
Cap Rate 7%
$372,200
$372.2K
Cap Rate 9%
$289,489
$289.5K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$38.9K $18.00/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$37.2K $17.23/SF
− OpEx
−$11.2K −$5.17/SF
NOI
$26.1K $12.06/SF
Area
Washington County, RI
Vacancy
4.27%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,080
Cap Rate 7%
$372,200
Cap Rate 9%
$289,489
Alternative Uses
Best Use
Multifamily LT 5
$372.2K
$325.7K – $434.2K
NOI $26,054 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,736 @ 7.0% cap · market cap 4.29%
Theoretical Best
Healthcare Medical
$431.6K
$377.6K – $503.5K
NOI $30,210 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 02891, RI
21,803
Population
12,660
Households
1.7
Avg Household Size
50
Median Age
41%
College-Educated
94%
High-School Grad
26.3 sq mi
ZIP Area
829
Density / Sq Mi
$90,435
Median Household Income
$49,448
Median Earnings
$1,249
Median Rent
$422,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities and individual washer and dryer hookups for independent household use.
Where is this duplex located?
The property is located at 11 Maybrey Drive Westerly, RI.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Vacant two‑family property with two 2‑bedroom, 1‑bath residences; 2,160 square feet on a 0.28‑acre parcel; Each unit has separate utilities and individual washer and dryer hookups
