Multi Family at 182 Canal Street, Westerly
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$599,000

Bedrooms
6
Bathrooms
4
Living area
N/A
Year built
1879
182 Canal Street
Westerly, RI 02891
Listed by Bhhs New England Properties

Highlights

Property type
Multi Family
Lot size
0.4 acres
On market
4 days

About this home

HIGHEST AND BEST BY WED 11/11 1 pm please. Discover incredible potential with this well-maintained four-family residential property, perfectly positioned just moments from vibrant Downtown Westerly, the historic Westerly Library, and the lush grounds of Wilcox Park, offering effortless access to local dining, boutique shopping, and everyday amenities. Featuring generous on-site parking to easily accommodate multiple vehicles for tenants and guests, the property includes a two bedroom owner’s unit that has been thoughtfully upgraded with stylish, durable new flooring and a modern kitchen. The building is well-equipped with municipal water and sewer, natural gas service, and individually metered electric for straightforward utility management, all units are currently on month-to-month leases to provide immediate flexibility for investors or owner-occupants. Whether you are expanding your portfolio or searching for a prime owner occupied opportunity near downtown Westerly, this multi-family property delivers unmatched location, convenience, and appeal. Tenants use coin operated washer/dryer in the shared basement area which will remain. New roof in 2012.

Property details

MLS
Rhode Island Association of REALTORS®
MLS #
1427771
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
4
On market date
November 4, 2026
Stories
3
Total bathrooms
4
Garage spaces
N/A
Parking spaces
8
Lot size
0.4 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.

Elementary
Springbrook Elementary School
0.36 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
3.97 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
1.53 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).

21
Car-dependent
out of 100
EPA National Walkability Index
5.7 / 20 -- Least walkable
Google Places amenity density
10 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools1
Transit stops0
Pharmacies0

Market position

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

On the market 4 days -- 48 fewer days than Westerly's current average of 52 days.
For reference, the median list price across 152 active listings in Westerly right now is $542,450.

Mortgage calculator

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

Adjust tax / insurance estimates
Est. monthly payment
$3,757/mo
$119,800 down
$479,200 loan
Principal & interest$3,108
Property tax (est.)$499
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS®. Last updated 2 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.