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.
Under contract
$539,900
55 Pleasant St, Westerly, RI 02891
6beds
2,098sqft
Multi Family
Built in 1924
-- sqft lot
$527,400 Zestimate®
$257/sqft
$-- HOA
What's special
Three separate unitsMinimal exterior maintenance
- 45 days
- 697
- 34
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Chad Raiche 401-207-6621,
Town & Shore Realty
Source: StateWide MLS RI,MLS#: 1419644
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
- Laundry: In Building
Features
- Wall (Dry Wall), Wall (Plaster), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood, Vinyl
- Basement: Full,Interior and Exterior,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,930
- Total interior livable area: 2,098 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 3
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: WESTM46B113
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Wood
- Foundation: Concrete Perimeter, Mixed, Stone
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Electric: 200+ Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Pleasant Street
HOA
- Has HOA: No
Location
- Region: Westerly
Financial & listing details
- Price per square foot: $257/sqft
- Tax assessed value: $290,700
- Annual tax amount: $2,262
- Date on market: 8/14/2026
- Total actual rent: 3600
- Tenant pays: Heat
Estimated market value
$527,400
$501,000 - $554,000
$2,256/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Contingent | $539,900$257/sqft |
Source: | ||
| 8/14/2026 | Listed for sale | $539,900-5.2%$257/sqft |
Source: | ||
| 4/30/2026 | Listing removed | $569,300$271/sqft |
Source: | ||
| 1/14/2026 | Listed for sale | $569,300+80.7%$271/sqft |
Source: | ||
| 2/19/2021 | Sold | $315,000+1.6%$150/sqft |
Source: | ||
| 2/2/2021 | Pending sale | $309,900$148/sqft |
Source: | ||
| 1/18/2021 | Contingent | $309,900$148/sqft |
Source: | ||
| 1/16/2021 | Listed for sale | $309,900+16.9%$148/sqft |
Source: | ||
| 6/29/2018 | Sold | $265,000-1.5%$126/sqft |
Source: | ||
| 5/14/2018 | Price change | $269,000-1.8%$128/sqft |
Source: eXp Realty #1186557 Report a problem | ||
| 4/3/2018 | Listed for sale | $274,000+82.7%$131/sqft |
Source: eXp Realty #1186557 Report a problem | ||
| 12/8/2015 | Sold | $150,000-9.1%$71/sqft |
Source: Public Record Report a problem | ||
| 10/9/2015 | Pending sale | $165,000$79/sqft |
Source: RE/MAX Professionals #1107287 Report a problem | ||
| 9/9/2015 | Listed for sale | $165,000$79/sqft |
Source: RE/MAX Professionals #1107287 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,262 -5.4% | $290,700 +27.1% |
| 2024 | $2,390 +3.5% | $228,700 |
| 2023 | $2,310 | $228,700 |
| 2022 | $2,310 +4.6% | $228,700 +24.9% |
| 2021 | $2,208 +28.5% | $183,100 +26.3% |
| 2020 | $1,718 +0.9% | $145,000 |
| 2019 | $1,702 +2.6% | $145,000 +8% |
| 2018 | $1,659 +2.9% | $134,300 |
| 2017 | $1,612 | $134,300 |
| 2016 | $1,612 -9.8% | $134,300 -15.6% |
| 2015 | $1,787 +1.6% | $159,100 |
| 2014 | $1,758 +1.4% | $159,100 |
| 2013 | $1,734 -0.6% | $159,100 -7.8% |
| 2012 | $1,745 +1% | $172,600 |
| 2011 | $1,728 +3.2% | $172,600 |
| 2010 | $1,674 -15.2% | $172,600 -22.5% |
| 2009 | $1,975 | $222,700 |
| 2008 | $1,975 +3.1% | $222,700 |
| 2007 | $1,915 +16.6% | $222,700 +45.2% |
| 2006 | $1,643 +5% | $153,400 +1% |
| 2005 | $1,565 -6.6% | $151,900 +39.1% |
| 2003 | $1,676 | $109,200 |
Find assessor info on the county website
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