For sale

$475,000

53 Tower St, Westerly, RI 02891

4beds

1,358sqft

$2,904/mo

Get pre-qualified

Multi Family

Built in 1902

-- sqft lot

$462,900 Zestimate^®

$350/sqft

$-- HOA

What's special

Two car garage

This property was built in 1902. The square footage is 1267. There are two units, each with 2 bedrooms and 1 updated bathroom. There is a possibility of a third floor unit. (New owner to check with zoning). The two car garage makes this property perfect for generating fantastic income as each unit can have a space in the shared garage or you can rent out the garage for extra income. The owner could live in one unit and rent out the other, or rent you both units. The vinyl siding is in great condition, the windows are as well. There are 3 different paved parking locations. Two of them on Tower St. The best driveway goes right to the two car garage. That entrance is the second right off of Thompson Ave, Westerly. This property sits high up on a hill and the gentle breeze constantly flows. It makes it feel open and fresh. The neighbors are friendly, respectful and quiet. Town is close by but far enough away to not be in the middle of it. The house is being sold as is.

37 days
1,180
56

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Oil, Other

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Range Hood
Laundry: In Unit

Features

Stairs, Plumbing (Mixed), Insulation (Ceiling), Ceiling Fan(s)
Flooring: Hardwood, Vinyl
Doors: Storm Door(s)
Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility,Work Shop
Attic: Attic Stairs, Attic Storage
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 1,357
Total interior livable area: 1,358 sqft

Property

Parking

Total spaces: 8
Parking features: Detached, Garage Door Opener, Driveway
Garage spaces: 2
Has uncovered spaces: Yes

Features

Stories: 2
Patio & porch: Deck, Porch
Fencing: Fenced

Lot

Size: 0.42 Acres
Features: Corner Lot, Sidewalks

Details

Additional structures: Outbuilding
Parcel number: WESTM68B57
Zoning: Res/MF
Other equipment: Cable TV

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Shingles, Vinyl Siding
Foundation: Block, Concrete Perimeter

Condition

New construction: No
Year built: 1902

Utilities & green energy

Electric: 150 Amp Service, Circuit Breakers
Sewer: Public Sewer
Water: Municipal

Community & HOA

Community

Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Public School, Railroad, Recreational Facilities, Schools, Near Shopping, Near Swimming

HOA

Has HOA: No

Location

Region: Westerly

Financial & listing details

Price per square foot: $350/sqft
Tax assessed value: $367,600
Annual tax amount: $2,500
Date on market: 7/23/2026
Total actual rent: 0

Estimated market value

$462,900

$440,000 - $486,000

$2,327/mo

Price history

Date	Event	Price
7/23/2026	Listed for sale	$475,000+115.9%$350/sqft
Source: StateWide MLS RI #1418684 Report a problem
8/16/2018	Sold	$220,000-2.2%$162/sqft
Source: StateWide MLS RI #1178192 Report a problem
3/6/2018	Listed for sale	$224,900$166/sqft
Source: RE/MAX South County #1178192 Report a problem
3/6/2018	Pending sale	$224,900$166/sqft
Source: RE/MAX South County #1178192 Report a problem
3/6/2018	Pending sale	$224,900$166/sqft
Source: RE/MAX South County #1178192 Report a problem
1/26/2018	Price change	$224,900-6.3%$166/sqft
Source: RE/MAX South County #1178192 Report a problem
12/1/2017	Listed for sale	$239,900$177/sqft
Source: RE/MAX South County #1178192 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,860 +7.9%	$367,600 +44.9%
2024	$2,651 +3.5%	$253,700
2023	$2,562	$253,700
2022	$2,562 -1.6%	$253,700 +17.5%
2021	$2,604 +1.8%	$215,900
2020	$2,558 +0.9%	$215,900
2019	$2,535 +3.1%	$215,900 +8.5%
2018	$2,458 +2.9%	$199,000
2017	$2,388	$199,000
2016	$2,388 +4.5%	$199,000 -2.3%
2015	$2,286 +20.9%	$203,600
2014	$1,891 -14.8%	$203,600
2013	$2,219 -1.1%	$203,600 -8.2%
2012	$2,243 +1%	$221,900
2011	$2,221 +3.2%	$221,900
2010	$2,152 -2.7%	$221,900 -11%
2009	$2,211	$249,300
2008	$2,211 +3.1%	$249,300
2007	$2,144 +7.6%	$249,300 +34%
2006	$1,992 +4.9%	$186,000 +0.9%
2005	$1,899 +8.5%	$184,400 +61.6%
2003	$1,751	$114,100