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Six-Unit Apartment Building
New
For Sale
$650,000

50 N Main Street, Westerly, RI 02808

Commercial/Business,Commercial Sale, Westerly, RI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market1

Property Features for 50 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking 6
Basement Partial
Subdivision Bradford
Lot features Suburban
Standard status Active
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2565

Utilities

Sewer type Septic Tank
Heating system Central, Forced Air

Building Details

Year built 1900
Floors in Building 2
Number of units 1
Listing Agency: Re/Max Advantage Group · RE/MAX International
Listed By: Donna Kennedy · License #REB.0013385
Added: Aug 21 Last Checked: Aug 21 at 10:06PM
MLS# 1421283

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.

This Westerly multifamily property contains 6 units, including 3 studio apartments. The building dates to 1900 and has central, forced-air heating. Heat, electricity, and cable service are paid by the seller.

The property is served by a septic tank and includes a basement. Seller financing may be available, subject to terms agreed between the parties.

Key Highlights

  • 6‑unit multifamily property with 3 studio apartments
  • Seller pays heat, electricity, and cable service
  • Central, forced‑air heating

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby

Demographics for 02808, RI

2,332
Population
1,091
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
307
Density / Sq Mi
$94,712
Median Household Income
$52,582
Median Earnings
$1,182
Median Rent
$331,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with seller-paid heat, electricity, and cable service.
Where is this apartment building located?
The property is located at 50 N Main Street Westerly, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6‑unit multifamily property with 3 studio apartments; Seller pays heat, electricity, and cable service; Central, forced‑air heating
More about this property
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