Investors Take Notice! This three-unit multifamily property presents an excellent opportunity for investors, owner-occupants, or those looking to add a strong income-producing property to their portfolio. Offering 8 bedrooms and 3 baths, the property provides flexible living arrangements and desirable rental potential. Ideally located within walking distance of Downtown Westerly, with its restaurants, shops, and amenities, while the beautiful beaches of Westerly and Misquamicut are just a short drive away. The property also features a large backyard and generous parking area, valuable amenities for both tenants and owners. Whether you're looking to expand your investment portfolio, live in one unit while generating rental income, or capitalize on Westerly's sought-after coastal location, this property offers an opportunity worth exploring. Convenient location, multiple units, ample parking, and proximity to downtown and the beach make this a compelling investment opportunity.
Three full bathrooms total (units each have one full bath)
Kitchen
Gas water heater
Laundry & utility
Laundry available in-unit and in a common area
Flooring
Hardwood
Vinyl
Heating & cooling
Gas heating
One cooling unit
Exterior features
Paved driveway
Lot approximately 0.28 acres with trees/landscaping implied by lot size
Home design
Multi-unit property with a single building
R6 zoning
Parking
No garage
Space for 6 vehicles
Construction
Plaster and aluminum siding exterior
Concrete perimeter foundation
Utilities
Sewer connected
Water connected
Electric with circuit breakers
HOA & community
Community amenities nearby: golf, marina, pool, public transportation, recreation area, tennis courts, sidewalks, shopping, restaurants, highway access, near hospital and schools
Financial info
Property configured as three units total (one building)
Unit rents noted: one 2-bedroom at $2,150; one 3-bedroom at $1,375; other units listed as vacant or month-to-month
Electricity and solar
View estimated energy costs and solar savings for this home
High-Density Residential 6 Zoning Districts are intended primarily for areas of existing residential development. These zoning districts are designed for areas where existing densities are high, close to saturation, which include a variety of housing types. These areas are served by municipal water. Also except Misquamicut, they are served by municipal sewers
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Park & open space
Water related
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 91° expected this year, 18 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Westerly, RI • 02891
Average low and high temperatures (°F)
35
22
37
22
47
33
56
41
63
51
75
60
79
66
76
61
72
57
64
47
54
37
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 78 Pleasant St
$631,699
$6,399 over list price of $625K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $520K to $700K.