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3-Unit Multifamily with Garage

68 Beach Street, Westerly, RI 02891

For Sale
New
$629,000

Separate utilities serve each apartment, and all three units have month-to-month tenants.

Property Size9,148 SF
Price / SF$68.76
Days on Market7

Property Features for 68 Beach Street

General Information

Standard status Active
Size 9,148 SF
Total Parking Spaces 2
Property subtype MultiFamily

Units

Multifamily Units 3
Individually Metered Utilities unspecified utilities

Additional Details

Utilities to Site Yes
Tenant in Place Yes

Building Details

Year Built 1919
Tenancy Multi
Listing Agency: Dandurand Real Estate
Listed By: Grace Williams · License #REB.0016996
Source: Lockandkeyre
Added: Nov 1 Changed: Nov 6 Last Checked: Nov 6 at 10:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dandurand Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 1919 triplex includes a two-car garage and separate utilities for each apartment. Units on the first and second floors received natural-gas boiler and on-demand hot-water combination systems within the past five years; the third floor has a new hot-water heater. The building is lead-safe, and all three apartments have lead certificates.

The property is a five-minute drive from Westerly beaches and within walking distance of downtown, restaurants, shops, and a theater. Current tenants rent month to month.

Key Highlights

  • Three apartments, each with separate utilities
  • Two‑car garage
  • Natural‑gas boiler and on‑demand hot‑water combination systems serve the first and second floors

Property Analytics

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Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

717
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Separate utilities serve each apartment, and all three units have month-to-month tenants.
Where is this triplex located?
The property is located at 68 Beach Street Westerly, RI.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Three apartments, each with separate utilities; Two‑car garage; Natural‑gas boiler and on‑demand hot‑water combination systems serve the first and second floors
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