68 Beach Street, Westerly, RI 02891
MULTI_FAMILY - Westerly, RI
- Added:
- Jun 18, 2026
- Days on Market:
- 18
- Last Refresh:
- Jul 5 at 10:06 pm
Property Features for 68 Beach Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Basement, Bedroom 5
- Parking
- 9
- Patio and Porch features
- Deck, Porch
- Interior features
- Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Deck, Porch
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 3,892 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3528
Utilities
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1919
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Laminate, Hardwood
- Building materials
- Shingles, Vinyl Siding
Listing agent Grace Williams (401) 529-3131
Listing office Dandurand Real Estate 4259 Old Post Road, Cumberland, RI (401) 552-7707
Listing date Jun 18, 2026
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.
HighLights
- 3‑family home with a 2‑car garage
- Each of the 3 units has separate utilities
- Month‑to‑month tenant rentals in place for immediate rental income
- Gas water heater and natural gas heating
- Window unit cooling
- Built in 1919; exterior features include vinyl siding with a porch and deck
Overview
The property is located in the heart of Westerly, with downtown conveniences within walking distance, including restaurants, shopping, and theater. The Westerly beaches are about five minutes away by drive, offering an easy connection to coastal recreation while still keeping everyday amenities nearby.
As a for-sale residential income property, the layout is well suited for buyers looking to offset their housing costs through existing rental income. The month-to-month structure can also appeal to an owner-occupant who plans to live in one unit while maintaining rental coverage in the others. Investors may view it as an addition to a portfolio where each unit is serviced by separate utilities.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.1k | $18.00 |
| − Vacancy | −$3.0k | −$0.77 |
| EGI | $67.1k | $17.23 |
| − OpEx | −$20.1k | −$5.17 |
| NOI | $46.9k | $12.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Westerly
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.828768
- Latitude
- 41.363301
