Multi Family at 55 Pleasant Street, Westerly
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$539,900

55 Pleasant Street
Westerly, RI 02891
Listed by Chad Raiche
Bedrooms
6
Bathrooms
3
Living area
N/A
Year built
1924

About this home

Opportunity to own a three-family property in Westerly’s historic North End. Offering three separate units with below-market rents and month-to-month tenancies, this property presents an excellent opportunity for an investor or owner-occupant looking to add value over time. Each unit features separate utilities, providing added convenience for ownership and management. Individual washer and dryer hookups for each unit are located in the basement. The property offers minimal exterior maintenance with no yard to maintain, along with a small detached garage providing additional storage or parking. With some updating and improvements, there may be an opportunity to increase rental income over time. Conveniently located near Downtown Westerly, Wilcox Park, shopping, restaurants, area amenities, and major routes. A great opportunity to add a three-family property to your investment portfolio in Westerly. Buyer and buyer’s agent to perform their own due diligence regarding rental income, property condition, zoning, permitted use, and potential future rents.

Property details

MLS #
1419644
Property type
Multi Family
Subdivision
Pleasant Street
Status
Active
Days on market
N/A
On market date
August 14, 2026
Stories
3
Total bathrooms
3
Garage spaces
2
Parking spaces
8
Lot size
0.11 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Springbrook Elementary School
1.17 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
267
Student:teacher ratio
12.1:1
District
Westerly
Middle
Westerly Middle School
3.33 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
740
Student:teacher ratio
11.2:1
District
Westerly
High
Westerly High School
0.83 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
726
Student:teacher ratio
9.9:1
District
Westerly

Mortgage calculator

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Est. monthly payment
$3,401/mo
$107,980 down
$431,920 loan
Principal & interest$2,801
Property tax (est.)$450
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 13 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.