18 Spring Street Westerly

$625,000
6 4 3,614 sq ft

The Property

The bones are right, and the price reflects the work. A buyer who has done this before will see immediately what this property is worth with a little TLC. First time on the market, this rare four-unit multi-family sits a 10-minute walk from historic downtown Westerly, shops, restaurants, the Amtrak station, and just 12 minutes from Westerly’s beaches, Misquamicut, and Watch Hill. The first and second-floor units each offer over 1,100 square feet of living space, with two bedrooms, a double parlor, and hardwoods throughout.

Unit 1R is a spacious one-bedroom with a formal dining room and large living room with its own private entrance, privacy fence, and side yard. The third floor is a cozy retreat with an extra room for storage or a home office. Recent improvements include all-new replacement windows in Unit 1L completed by October, two brand-new heating systems, and all-new water tanks. A four-bay garage and garden areas complete the property. Fully rented with long-standing tenants, 18 Spring Street offers the year-round consistency and reliability that make it an ideal investment property for investors, owner-occupants, or those looking to add a great property to their portfolio. Property Is Being Sold As-Is.

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Listing Details

MLS Number

1421097

Lot Size:

0.31 acres

Features

  • Basement: Full, Interior Only, Unfinished, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Fireplace: Brick
  • Heating: Electric, Natural Gas, Oil, Steam
  • Heating Fuel: Electric, Natural Gas, Oil, Steam
  • Garage: 1
  • Laundry
  • Paved Driveway
  • Year Built: 1900

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Market Trends for Single Family Homes
in Westerly

  • Overview
    Homes for Sale Today74-94.9% decrease in inventory
    New on Market *35-7.9% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$478.35$289 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,760,553$486,088 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.74%-1.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$713.87$112 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *660 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Engel & Volkers
Phone: 401-638-0010

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