Two-Unit Duplex with Flexible
For Sale
$529,000
160 Westerly Bradford Road, Westerly, RI 02891
Residential Income, Westerly, RI
Property Size3,816 SF
Lot Size1.90 Acres
Price / SF$138.63
Days on Market62
Property Features for 160 Westerly Bradford Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking
8
Parking features
None
Interior features
Wall (Plaster), Attic Stairs, Cedar Closet(s), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Unfinished, Full
Appliances
Dryer, Microwave, Oven, Range, Refrigerator, Washer, Electric Water Heater
Lot features
Fenced
View
Water
Standard status
Active
Size
3,816 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3302
Utilities
Sewer type
Cesspool
Heating system
Oil, Electric (Heating), Baseboard, Forced Air
Water source
Well
Building Details
Year built
1840
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Plaster, Aluminum Siding, Vinyl Siding
Buildings
1
Listing Agency:
Dandurand Real Estate
(401) 552-7707
Listed By:
Grace Williams
(401) 368-3118
Added: Aug 29
Changed: Oct 27
Last Checked: Oct 29 at 11:06AM
MLS# 1421912
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.
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Investment Insights
Based on property information with market context.
This 3,816-square-foot duplex contains two side-by-side residences, each arranged with two bedrooms and one bathroom. An interior passage currently links the units; it can be closed off to create separate living areas. The property also includes a shed and sits on 1.9 acres.
Built in 1840, the home is served by a well and cesspool. Heating includes oil and electric systems, with forced-air and baseboard distribution. Interior finishes include plaster walls and carpet and vinyl flooring.
Built in 1840, the home is served by a well and cesspool. Heating includes oil and electric systems, with forced-air and baseboard distribution. Interior finishes include plaster walls and carpet and vinyl flooring.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 3,816 square feet on a 1.9‑acre parcel
- Interior connection between residences can be closed to separate the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,029
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,580
$920.6K
Cap Rate 7%
$657,557
$657.6K
Cap Rate 9%
$511,433
$511.4K
Market Conditions
NOI Build-Up for 3,816 SF
Gross rent
$68.7K $18.00/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$65.8K $17.23/SF
− OpEx
−$19.7K −$5.17/SF
NOI
$46.0K $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%
$920,580
Cap Rate 7%
$657,557
Cap Rate 9%
$511,433
Alternative Uses
Best Use
Multifamily LT 5
$657.6K
$575.4K – $767.2K
NOI $46,029 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$573.8K
$502.1K – $669.5K
NOI $40,167 @ 7.0% cap · market cap 7.59%
Theoretical Best
Healthcare Medical
$762.4K
$667.1K – $889.5K
NOI $53,371 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one bathroom, with an interior connection between the units.
Where is this duplex located?
The property is located at 160 Westerly Bradford Road Westerly, RI.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 3,816 square feet on a 1.9‑acre parcel; Interior connection between residences can be closed to separate the units
