4 Pearl Street, Westerly, RI 02891

• 8 beds |
• 4 baths |
• 3,852 sqft

Property Description

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.

Listing Status:

Pending

Date Added:

October 23, 2025 at 05:00AM

Listing Office:

Town & Shore Realty : 401-596-1000

MLS ID:

1398560

Interior

• Appliances: Gas Water Heater
• Basement: FullUnfinished
• Flooring: Vinyl
• A/C: Window Unit(s)
• Heating: Gas
• Fireplace: Fireplaces: 0

Exterior

• Parking: No GarageParking spaces: 8

Construction

• General: Vinyl Siding3

Location

• Originating MLS: RIS_RIS
• County: Washington

Lot

• Zoning: 4PEARLSTWEST

Utilities

• Utilities: Sewer Connected100 Amp Service200+ Amp Service
• Water: Connected
• Sewer: Connected

Financial

• Source: RIS_RIS

This listing courtesy of Town & Shore Realty