The bones are right, and the price reflects the work. A buyer who has done this before will see immediately what this property is worth with a little TLC. First time on the market, this rare four-unit multi-family sits a 10-minute walk from historic downtown Westerly, shops, restaurants, the Amtrak station, and just 12 minutes from Westerly's beaches, Misquamicut, and Watch Hill. The first and second-floor units each offer over 1,100 square feet of living space, with two bedrooms, a double parlor, and hardwoods throughout. Unit 1R is a spacious one-bedroom with a formal dining room and large living room with its own private entrance, privacy fence, and side yard. The third floor is a cozy retreat with an extra room for storage or a home office. Recent improvements include all-new replacement windows in Unit 1L completed by October, two brand-new heating systems, and all-new water tanks. A four-bay garage and garden areas complete the property. Fully rented with long-standing tenants, 18 Spring Street offers the year-round consistency and reliability that make it an ideal investment property for investors, owner-occupants, or those looking to add a great property to their portfolio. Property Is Being Sold As-Is.
For sale
$625,000
18 Spring St, Westerly, RI 02891
6beds
3,614sqft
Multi Family
Built in 1900
-- sqft lot
$627,100 Zestimate®
$173/sqft
$-- HOA
What's special
Four-bay garageHardwoods throughoutGarden areasTwo brand-new heating systemsDouble parlor
- 18 days
- 1,687
- 119
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Caitlin Pannone 401-258-3331,
Engel & Volkers Oceanside
Source: StateWide MLS RI,MLS#: 1421097
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Heating
- Electric, Natural Gas, Oil, Steam
Cooling
- None
Appliances
- Included: Electric Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Laminate, Other, Vinyl, Carpet
- Basement: Full,Interior Entry,Unfinished,Utility
- Attic: Attic Stairs, Attic Storage
- Number of fireplaces: 2
- Fireplace features: Brick
Interior area
- Total structure area: 3,614
- Total interior livable area: 3,614 sqft
Video & virtual tour
Property
Parking
- Total spaces: 14
- Parking features: Detached, Driveway
- Garage spaces: 4
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.31 Acres
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Aluminum Siding
- Foundation: Concrete Perimeter, Stone
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming
HOA
- Has HOA: No
Location
- Region: Westerly
Financial & listing details
- Price per square foot: $173/sqft
- Annual tax amount: $3,436
- Date on market: 8/24/2026
- Inclusions: Some Photos Have Been Digitally Decluttered.
- Total actual rent: 5045
- Tenant pays: Heat
Estimated market value
$627,100
$596,000 - $658,000
$2,301/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Listed for sale | $625,000$173/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment







