$635,000 Open Sun 11AM - 12:30PM
- 3 Beds
- 2 Baths
- 2,609 Sq Ft
16 Mechanic St, Wakefield, RI 02879
Michael Stewart Lighthouse Real Estate Group
$635,000 Open Sun 11AM - 12:30PM
16 Mechanic St, Wakefield, RI 02879
Michael Stewart Lighthouse Real Estate Group
$2,399,000 Open Sat 12PM - 1PM
200 Pond St Unit A, Wakefield, RI 02879
Ryan Hazinakis Keller Williams Coastal
$975,000
10 Hendricks St, Wakefield, RI 02879
Barrett Gross RE/MAX Results
$1,039,000 New Construction
1808 Kingstown Rd, South Kingstown, RI 02879
Jessica Santilli Keystone Realty Inc.
Wakefield-Peace Dale, Rhode Island, is a historic district near Narragansett Bay, known for its charming waterfront setting and preserved architecture. Established in the late 18th century, the community has evolved from a mill town to a village with nearly 9,000 residents, featuring Colonial Revivals, saltbox houses, bungalows, and mid-20th-century Cape Cod cottages. Severe weather can lead to flooding, necessitating flood insurance for homeowners. The area boasts lower property and violent crime rates compared to state figures. Attractions include Old Mountain Field, the John H. Chafee National Wildlife Refuge, and nearby Roger Wheeler State Beach and Scarborough State Beach, located about 6 miles southeast. The Peace Dale Library, South Kingstown Recreation Center, and Pump House Music Works provide indoor activities during cold, snowy winters. The South Kingstown School District serves local students, with highly rated Monsignor Matthew Clarke Catholic Regional School and Prout School. The University of Rhode Island is less than 4 miles north, attracting some out-of-state parents to buy vacation homes. Main Street offers cozy taverns, breakfast cafes, boutiques, and the Contemporary Theater Company. U.S. Route 1 and the Point Judith Ferry facilitate travel, with Providence 33 miles north and Block Island accessible by ferry.
On average, homes in Wakefield-Peace Dale, RI sell after 27 days on the market compared to the national average of 52 days. The median sale price for homes in Wakefield-Peace Dale, RI over the last 12 months is $751,325, up 23% from the median home sale price over the previous 12 months.
In Wakefield-Peace Dale, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $635,000 to $2,399,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Wakefield-Peace Dale is $699,950, while the average sale price is $682,804, offering insights into the local housing market. On average, multi-family homes spend 27 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Wakefield-Peace Dale, RI.