Pending

$675,000

4 Pearl St, Westerly, RI 02891

8beds

2,848sqft

Est.:

Multi Family

Built in 1928

-- sqft lot

$666,200 Zestimate^®

$237/sqft

$-- HOA

What's special

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.

49 days

60

0

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

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 & HOA

Community

Features: Near Public Transport, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
Subdivision: North End

HOA

Has HOA: No

Location

Region: Westerly

Financial & listing details

Price per square foot: $237/sqft
Annual tax amount: $2,710
Date on market: 10/23/2025
Total actual rent: 4350
Tenant pays: Heat

Estimated market value

$666,200

$633,000 - $700,000

Not available

Price history

Date	Event	Price
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