An incredible investment opportunity awaits in Westerly’s rapidly growing Historic North End. This well-maintained 4-family property has been owned by the same meticulous owner since 1993, showcasing over three decades of pride in ownership and consistent care. Each unit is in very good condition, and the property’s mechanicals have been thoughtfully updated over time, offering both stability and peace of mind for any new owner. Currently generating $4,300 per month ($52,000 annually) in rental income, this property presents a clear value-add opportunity with undermarket rents in one of Westerly’s most up-and-coming neighborhoods. All units feature gas heat and are fully leased, making this a wonderful investment from day one. The location couldn’t be more convenient — just minutes to I-95, Downtown Westerly, Amtrak Station, shops, and restaurants, providing strong tenant appeal and long-term appreciation potential.
Sold for $600,000
$600,000
4 Pearl St, Westerly, RI 02891
8beds
2,848sqft
Multi Family
Built in 1928
-- sqft lot
$602,400 Zestimate®
$211/sqft
$3,391 Estimated rent
Home value
$602,400
$548,000 - $663,000
$3,391/mo
Zestimate® history
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Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 11:42am
Listed by:
Lisa Raiche 401-742-4012,
Town & Shore Realty,
Chad Raiche 401-207-6621,
Town & Shore Realty
Bought with:
Chad Raiche, RES.0044708
Town & Shore Realty
Source: StateWide MLS RI,MLS#: 1398560
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Gas Connected
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Insulation (Unknown)
- Flooring: Vinyl
- Basement: Full,Bulkhead,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,852
- Total interior livable area: 2,848 sqft
Property
Parking
- Total spaces: 8
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 0.37 Acres
Details
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Electric: 100 Amp Service, 200+ Amp Service
- Water: Common Meter
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
Location
- Region: Westerly
- Subdivision: North End
HOA & financial
Other financial information
- Total actual rent: 4350
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $600,000-11.1%$211/sqft |
Source:  StateWide MLS RI #1398560 Report a problem | ||
| 11/1/2025 | Pending sale | $675,000$237/sqft |
Source: StateWide MLS RI #1398560 Report a problem | ||
| 10/23/2025 | Listed for sale | $675,000$237/sqft |
Source: StateWide MLS RI #1398560 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 02891
Nearby schools
GreatSchools rating
- 7/10Springbrook Elementary SchoolGrades: K-4Distance: 1 mi
- 6/10Westerly Middle SchoolGrades: 5-8Distance: 3.4 mi
- 7/10Westerly High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$602,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$602,400