Excellent opportunity to own a well-maintained three-unit multifamily property offering income potential and long-term value. This property features three separate units with functional layouts, providing flexibility for investors who want rental income. Each 2 bedroom unit offers 5 rooms with comfortable living spaces with well-sized bedrooms, and practical kitchens and 1 bath. All appliances included stoves, refridgators, and dishwashers. One unit has it's own washer dryer. Community washer dryer is in the basement for units on the 1st and 3rd floor. Tenants have a 6 month lease until July 31, 2026. Lead safe certificate of compliance just completed. The property has been thoughtfully cared for, making it a solid, turnkey option with room to add value over time. Additional highlights include separate utilities, off-street parking, shared outdoor space, and convenient access to public transportation, shopping, dining, Wilcox park, and major commuter routes. Enjoy the best beaches in Rhode Island, just minutes away to Misquamicut, Westerly, and Watch Hill. beaches. If you are looking for a smart live-in investment, this 3-unit multifamily delivers reliable income with a desirable location. A rare opportunity you won’t want to miss.
Pending
$549,000
2 Gravity Ct, Westerly, RI 02891
6beds
3,102sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$177/sqft
$-- HOA
What's special
Off-street parkingWell-sized bedroomsComfortable living spacesPractical kitchensShared outdoor space
- 12 days |
- 1,915 |
- 88 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michelle VACCA,
BEACHCOMBER REAL ESTATE
Source: StateWide MLS RI,MLS#: 1404261
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub
Heating
- Natural Gas, Central, Gas Connected, Zoned
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Copper), Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls), Ceiling Fan(s)
- Flooring: Ceramic Tile, Hardwood
- Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,154
- Total interior livable area: 3,102 sqft
Property
Parking
- Total spaces: 3
- Parking features: No Garage
Features
- Stories: 3
- On waterfront: Yes
- Waterfront features: Beach, Dock, River, Saltwater Front
Lot
- Size: 5,000.69 Square Feet
Details
- Parcel number: WESTM57B112
- Zoning: R6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Individual Meter
- Sewer: Public Connected
- Water: Public
Community & HOA
Community
- Features: Golf, Highway Access, Hospital, Interstate, Marina, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Subdivision: Downtown Wilcox Park Area
HOA
- Has HOA: No
Location
- Region: Westerly
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $475,300
- Annual tax amount: $3,600
- Date on market: 2/5/2026
- Total actual rent: 3000
- Tenant pays: Heat
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Pending sale | $549,000$177/sqft |
Source:  StateWide MLS RI #1404261 Report a problem | ||
| 2/5/2026 | Listed for sale | $549,000+92.6%$177/sqft |
Source: StateWide MLS RI #1404261 Report a problem | ||
| 3/21/2016 | Sold | $285,000-1.4%$92/sqft |
Source: StateWide MLS RI #1117651 Report a problem | ||
| 2/23/2016 | Pending sale | $289,000$93/sqft |
Source: Coldwell Banker Cahoone, Realtors #1117651 Report a problem | ||
| 2/11/2016 | Listed for sale | $289,000+28.4%$93/sqft |
Source: COLDWELL BANKER CAHOONE RLTRS. #1117651 Report a problem | ||
| 4/3/2006 | Sold | $225,000$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,698 +5.3% | $475,300 +41.4% |
| 2024 | $3,512 +3.4% | $336,100 |
| 2023 | $3,395 | $336,100 |
| 2022 | $3,395 -2.1% | $336,100 +16.9% |
| 2021 | $3,468 +1.8% | $287,600 |
| 2020 | $3,408 +0.9% | $287,600 |
| 2019 | $3,376 +4.8% | $287,600 +10.3% |
| 2018 | $3,221 +2.9% | $260,800 |
| 2017 | $3,130 | $260,800 |
| 2016 | $3,130 +4.3% | $260,800 -2.4% |
| 2015 | $3,002 +1.6% | $267,300 |
| 2014 | $2,954 +1.4% | $267,300 |
| 2013 | $2,914 +1.3% | $267,300 -6% |
| 2012 | $2,876 +1% | $284,500 |
| 2011 | $2,848 +3.2% | $284,500 |
| 2010 | $2,760 -6.1% | $284,500 -14.2% |
| 2009 | $2,940 | $331,500 |
| 2008 | $2,940 +3.1% | $331,500 |
| 2007 | $2,851 +31% | $331,500 +63.1% |
| 2006 | $2,177 +4.1% | $203,300 +0.1% |
| 2005 | $2,091 0% | $203,000 +48.9% |
| 2003 | $2,092 | $136,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,247/mo
Principal & interest
$2831
Property taxes
$416
Climate risks
Neighborhood: 02891
Nearby schools
GreatSchools rating
- 8/10State Street SchoolGrades: K-4Distance: 0.9 mi
- 6/10Westerly Middle SchoolGrades: 5-8Distance: 2.8 mi
- 6/10Westerly High SchoolGrades: 9-12Distance: 0.4 mi
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