Multi Family at 53 Tower Street, Westerly
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20 photos

$475,000

53 Tower Street
Westerly, RI 02891
Listed by Jason Saphire
Bedrooms
4
Bathrooms
4
Living area
N/A
Year built
1902

About this home

This property was built in 1902. The square footage is 1267. There are two units, each with 2 bedrooms and 1 updated bathroom. There is a possibility of a third floor unit. (New owner to check with zoning). The two car garage makes this property perfect for generating fantastic income as each unit can have a space in the shared garage or you can rent out the garage for extra income. The owner could live in one unit and rent out the other, or rent you both units. The vinyl siding is in great condition, the windows are as well. There are 3 different paved parking locations. Two of them on Tower St. The best driveway goes right to the two car garage. That entrance is the second right off of Thompson Ave, Westerly. This property sits high up on a hill and the gentle breeze constantly flows. It makes it feel open and fresh. The neighbors are friendly, respectful and quiet. Town is close by but far enough away to not be in the middle of it. The house is being sold as is.

Property details

MLS #
1418684
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
20
On market date
July 22, 2026
Stories
2
Total bathrooms
4
Garage spaces
2
Parking spaces
8
Lot size
0.4177 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
State Street School
0.89 mi away · Grades 0-4
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
246
Student:teacher ratio
10.7:1
District
Westerly
Middle
Westerly Middle School
2.41 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
0.2 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

Walkability

Blended score for Westerly's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

31
Car-dependent
out of 100
EPA National Walkability Index
8.3 / 20 -- Below average walkable
Google Places amenity density
15 / 100
Restaurants & cafes0
Grocery stores0
Parks5
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Westerly, from live MLS data.

On the market 20 days -- 25 fewer days than Westerly's current average of 45 days.
For reference, the median list price across 230 active listings in Westerly right now is $587,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,011/mo
$95,000 down
$380,000 loan
Principal & interest$2,465
Property tax (est.)$396
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated August 11, 2026.

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.