2 Gravity Ct Westerly, RI 02891
Estimated payment $3,128/month
Highlights
- Beach Front
- Golf Course Community
- Wood Flooring
- Marina
- River Access
- 5-minute walk to Wilcox Park
About This Home
Excellent opportunity to own a well-maintained three-unit multifamily property offering income potential and long-term value. This property features three separate units with functional layouts, providing flexibility for investors who want rental income. Each 2 bedroom unit offers 5 rooms with comfortable living spaces with well-sized bedrooms, and practical kitchens and 1 bath. All appliances included stoves, refridgators, and dishwashers. One unit has it's own washer dryer. Community washer dryer is in the basement for units on the 1st and 3rd floor. Tenants have a 6 month lease until July 31, 2026. Lead safe certificate of compliance just completed. The property has been thoughtfully cared for, making it a solid, turnkey option with room to add value over time. Additional highlights include separate utilities, off-street parking, shared outdoor space, and convenient access to public transportation, shopping, dining, Wilcox park, and major commuter routes. Enjoy the best beaches in Rhode Island, just minutes away to Misquamicut, Westerly, and Watch Hill. beaches. If you are looking for a smart live-in investment, this 3-unit multifamily delivers reliable income with a desirable location. A rare opportunity you won't want to miss.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,600
Year Built
- Built in 1900
Lot Details
- 5,000 Sq Ft Lot
- Beach Front
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 4,154 Sq Ft Home
- 3-Story Property
- Storage Room
- Utility Room
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 3 Parking Spaces
- No Garage
Utilities
- Window Unit Cooling System
- Zoned Heating System
- Heating System Uses Gas
- Separate Meters
- Gas Water Heater
Additional Features
- River Access
- Property near a hospital
Listing and Financial Details
- Tax Lot 112
- Assessor Parcel Number 2GRAVITYCTWEST
Community Details
Overview
- 3 Units
- Downtown Wilcox Park Area Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $36,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,698 | $475,300 | $148,100 | $327,200 |
| 2024 | $3,512 | $336,100 | $105,800 | $230,300 |
| 2023 | $3,415 | $336,100 | $105,800 | $230,300 |
| 2022 | $3,395 | $336,100 | $105,800 | $230,300 |
| 2021 | $3,468 | $287,600 | $92,000 | $195,600 |
| 2020 | $3,408 | $287,600 | $92,000 | $195,600 |
| 2019 | $3,376 | $287,600 | $92,000 | $195,600 |
| 2018 | $3,221 | $260,800 | $92,000 | $168,800 |
| 2017 | $3,130 | $260,800 | $92,000 | $168,800 |
| 2016 | $3,130 | $260,800 | $92,000 | $168,800 |
| 2015 | $3,002 | $267,300 | $93,900 | $173,400 |
| 2014 | $2,954 | $267,300 | $93,900 | $173,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/13/2026 02/13/26 | Pending | -- | -- | -- | |
| 02/05/2026 02/05/26 | For Sale | $549,000 | +92.6% | $132 / Sq Ft | |
| 03/21/2016 03/21/16 | Sold | $285,000 | -1.4% | $120 / Sq Ft | View Prior Sale |
| 02/20/2016 02/20/16 | Pending | -- | -- | -- | |
| 02/11/2016 02/11/16 | For Sale | $289,000 | -- | $122 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | -- | |
| Deed | $225,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $168,750 | Purchase Money Mortgage | |
| Previous Owner | $215,000 | No Value Available | |
| Previous Owner | $189,000 | No Value Available | |
| Previous Owner | $160,370 | No Value Available |
Source: State-Wide MLS
MLS Number: 1404261
APN: WEST-000057-000112
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