$625,000
OPEN WED 4:30PM - 6PM

18 Spring St Westerly, RI 02891

Westerly Area

Estimated payment $3,715/month

6 Beds
4 Baths
3,614 Sq Ft
$173 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Recreation Facilities
  • Attic
  • Community Pool
  • 4 Car Detached Garage

About This Home

The bones are right, and the price reflects the work. A buyer who has done this before will see immediately what this property is worth with a little TLC. First time on the market, this rare four-unit multi-family sits a 10-minute walk from historic downtown Westerly, shops, restaurants, the Amtrak station, and just 12 minutes from Westerly's beaches, Misquamicut, and Watch Hill. The first and second-floor units each offer over 1,100 square feet of living space, with two bedrooms, a double parlor, and hardwoods throughout. Unit 1R is a spacious one-bedroom with a formal dining room and large living room with its own private entrance, privacy fence, and side yard. The third floor is a cozy retreat with an extra room for storage or a home office. Recent improvements include all-new replacement windows in Unit 1L completed by October, two brand-new heating systems, and all-new water tanks. A four-bay garage and garden areas complete the property. Fully rented with long-standing tenants, 18 Spring Street offers the year-round consistency and reliability that make it an ideal investment property for investors, owner-occupants, or those looking to add a great property to their portfolio. Property Is Being Sold As-Is.

Listing Agent

Caitlin Pannone

Engel & Volkers Oceanside License #RES.0042751 Listed on: 08/24/2026

Engel & Volkers Oceanside

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,436

Year Built

  • Built in 1900

Parking

  • 4 Car Detached Garage
  • Driveway

Home Design

  • Stone Foundation
  • Aluminum Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,614 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Storage
  • Utility Room
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • 13,504 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number 18SPRINGSTWEST

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities
  • Community Pool

Additional Features

  • 4 Units
  • Operating Expense $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,436

Year Built

Built in 1900

Lot Details

0.31 Acres

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.31
  • Inclusions: Some Photos Have Been Digitally Decluttered.
  • Above Grade Finished Sq Ft: 3614.0
  • Architectural Style: Stacked
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: 4097

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace Features: Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Other, Vinyl, Carpet
  • Interior Amenities: Attic, Bathtub, Interior Steps, Permanent Attic Stairs, Storage, Stall Shower, Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 2

Exterior Features

  • Construction Type: Plaster, Aluminum Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 14.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Gas, Oil, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13504.0
  • Parcel #: 18SPRINGSTWEST

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 24000.0

Tax Info

  • Tax Annual Amount: 3436.0
  • Tax Lot: 46
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/24/2026 08/24/26 For Sale $625,000 -- $173 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1421097

State-Wide MLS
Rhode Island Washington County Westerly 02891

18 Spring St, Westerly, RI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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(401) 661-1578
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