L
Seller's Agent in 2025
Lisa Raiche
Town & Shore Realty
(401) 742-4012
44 in this area
53 Total Sales
4 Pearl St Westerly, RI 02891
8
Beds
4
Baths
3,852
Sq Ft
0.37
Acres
Highlights
- Golf Course Community
- Window Unit Cooling System
- Shops
- Recreation Facilities
- Public Transportation
- 3-minute walk to Craigs Field Park
About This Home
As of December 2025An 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.
Last Agent to Sell the Property
Town & Shore Realty License #REB.0018903 Listed on: 10/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,710
Year Built
- Built in 1928
Home Design
- Vinyl Siding
Interior Spaces
- 3,852 Sq Ft Home
- 3-Story Property
- Vinyl Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 8 Parking Spaces
- No Garage
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- 200+ Amp Service
- 100 Amp Service
- Gas Water Heater
Additional Features
- 0.37 Acre Lot
- Property near a hospital
Listing and Financial Details
- Assessor Parcel Number 4PEARLSTWEST
Community Details
Overview
- 4 Units
- North End Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Golf Course Community
- Recreation Facilities
Building Details
- Operating Expense $32,314
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/12/2025 12/12/25 | Sold | $600,000 | -11.1% | $156 / Sq Ft |
| 11/01/2025 11/01/25 | Pending | -- | -- | -- |
| 10/23/2025 10/23/25 | For Sale | $675,000 | -- | $175 / Sq Ft |
Source: State-Wide MLS
Agents Affiliated with this Home
-
Lisa Raiche
Map
Source: State-Wide MLS
MLS Number: 1398560
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