$675,000
PENDING

4 Pearl St Westerly, RI 02891

Estimated payment $3,766/month

Total Views 3,298
8 Beds
4 Baths
3,852 Sq Ft
$175 Price per Sq Ft

Highlights

  • Golf Course Community
  • Window Unit Cooling System
  • Shops
  • Recreation Facilities
  • Public Transportation
  • 3-minute walk to Craigs Field Park

About This Home

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.

Listing Agent

Lisa Raiche

Town & Shore Realty License #REB.0018903 Listed on: 10/23/2025

Co-Listing Agent

Lisa Raiche

Town & Shore Realty License #RES.0044708

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,710

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Co List Office Mls Id: LHIR
  • Co List Office Phone: 401-596-1000
  • Subdivision Name: NORTH END
  • Above Grade Finished Sq Ft: 3852.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 3

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16117.0
  • Parcel #: 4PEARLSTWEST

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 32314.0

Tax Info

  • Tax Annual Amount: 2710.33
  • Tax Lot: 0
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per 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

Source: State-Wide MLS

MLS Number: 1398560

State-Wide MLS
Rhode Island Washington County Westerly 02891

4 Pearl St, Westerly, RI

Pending

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Nearby Homes
Listing Agent
Lisa Raiche
Section Image
Town & Shore Realty
(401) 250-8893