$600,000
$675,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Pearl ST Westerly, RI 02891
8 Beds
4 Baths
3,852 SqFt
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,852 sqft
Price per Sqft $155
Subdivision North End
MLS Listing ID 1398560
Sold Date 12/12/25
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,852
Year Built 1928
Annual Tax Amount $2,710
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Multi Family
Property Description
An incredible investment opportunity awaits in Westerly's rapidly growing Historic North End. This well-maintained 4-family property has been owned by the same meticulous owner since 1993, showcasing over three decades of pride in ownership and consistent care. Each unit is in very good condition, and the property's mechanicals have been thoughtfully updated over time, offering both stability and peace of mind for any new owner. Currently generating $4,300 per month ($52,000 annually) in rental income, this property presents a clear value-add opportunity with undermarket rents in one of Westerly's most up-and-coming neighborhoods. All units feature gas heat and are fully leased, making this a wonderful investment from day one. The location couldn't be more convenient just minutes to I-95, Downtown Westerly, Amtrak Station, shops, and restaurants, providing strong tenant appeal and long-term appreciation potential.
Location
State RI
County Washington
Community North End
Rooms
Basement Full, Unfinished
Interior
Heating Gas
Cooling Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Water Heater
Exterior
Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Utilities Available Sewer Connected
Total Parking Spaces 8
Garage No
Building
Sewer Connected
Water Connected
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 4PEARLSTWEST
Financing Conventional
Read Less
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Bought with Town & Shore Realty

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