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    Westerly, RI
    Multifamily

    Westerly, RI Multifamily Properties for Sale

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    Stonington, CT Hopkinton, RI Charlestown, RI
    Three-Family Home with Garage
    Updated: Jun 18
    Three-Family Home with Garage

    68 Beach Street, Westerly, RI 02891

    $615,900
    3,892 sqft · 0.21 AC lot
    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
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    This listing looks promising.

    Here's a quick look at some key insights for

    68 Beach Street, Westerly, RI 02891

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $47K
      Annual

    • Price @ 7% Cap

      $671K
      Above asking

    • Property Type

      Triplex
      Built 1919
    View Property Analytics
    Two-Family Home with Finished Third Floor
    Updated: Jun 26
    Two-Family Home with Finished Third Floor

    24 Pleasant Street, Westerly, RI 02891

    $549,000
    2,736 sqft · 0.15 AC lot
    Move‑in‑ready two‑family home (built 1905) with updated flooring and efficient on‑demand heating/hot water
    First‑floor unit: 2 bedrooms and 1 full bath
    Second‑floor unit: 1 bedroom and 1 full bath plus access to finished third floor with 2 additional bedrooms and a half bath
    Third floor potential for conversion into a separate third apartment (subject to required approvals)
    Updates include newer vinyl replacement windows and low‑maintenance aluminum siding; window A/C units included
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Westerly, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    12 Bank Street, Groton, CT 06355

    $699,000
    1,995 sqft · 0.19 AC lot

    Versatile multifamily home configured as a legal two-family and currently operated as three units with multiple outdoor decks.

    View details
    Stonington Multi-Family Income Property
    Stonington Multi-Family Income Property

    51 Pequot Trail, Stonington, CT 06379

    $365,000
    1,440 sqft · 0.29 AC lot

    Two-unit property in move-in condition, ideal for owner-occupancy or investment.

    View details
    Historic Mystic Four-Family Home
    Historic Mystic Four-Family Home

    19 Pearl St, Groton, CT 6355

    $1,595,000

    Well-maintained four-family home in downtown Mystic with income potential.

    View details
    Stonington Two-Family Home For Sale
    Stonington Two-Family Home For Sale

    51 Pequot Trl, Stonington, CT 6379

    $365,000
    0.29 AC lot

    Two-family home with recent upgrades and convenient location.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Southampton Village Multifamily Opportunity
    Southampton Village Multifamily Opportunity

    39 Halsey Avenue, Southampton, NY 11968

    $2,300,000
    0.33 AC lot

    Two-family home in the heart of Southampton Village.

    View details
    Expansive Land Parcel in Holmes
    Expansive Land Parcel in Holmes

    545 Grape Hollow Road, Holmes, NY 12531

    $750,000
    2,480 sqft · 75.32 AC lot

    75+ acre land parcel with garage near I-84.

    View details
    Flatbush Development Property For Sale
    Flatbush Development Property For Sale

    14 E 32nd Street lot: 13, Brooklyn, NY 11226

    $1,249,000
    1,407 sqft · 0.09 AC lot

    40 x 100 lot with R6, C1-2 zoning.

    View details
    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft · 0.10 AC lot

    Two-family home on a large lot with significant development potential.

    View details

    Westerly, RI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Westerly, RI on our real estate platform. These investment opportunities span a total of 19,628 square feet of properties for sale, with an estimated market value of $2,063,900.

    Sale prices for multifamily properties in Westerly, RI start at $549,000, averaging $687,966, and reaching up to $899,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 2
    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +2.9%
    Median Household Income $90,435
    College Educated 59.8%

    High-Yield Neighborhoods for Investment

    Identify Westerly submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02891 $737.7K

    Taxes & Financing

    Tax Rate (average for all types) 1.02%
    Property Tax per SF $13.06 per SF
    Tax Rate vs County Average 0.23 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

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