Courtesy: ELITE Property Group
401-345-7278
Located in one of Westerly's most sought-after coastal neighborhoods, this rare two-family beach cottage presents an exceptional opportunity for investors, vacation homeowners, or those seeking a premier beach retreat. Just a short stroll from the sandy shoreline of Misquamicut and Benson Avenue Beach, this property offers the coveted coastal lifestyle that makes this area one of Rhode Island's most desirable seaside destinations. The existing structure features two separate units, each offering 3 bedrooms, a kitchen, and a half bath, providing flexible rental or family-use options. Two outdoor showers make it easy to rinse off after a day at the beach, while the property's location allows residents and guests to enjoy the charm, exclusivity, and limited inventory that define this highly desirable beach community. Situated on a cesspool system and notably not requiring flood insurance, the property offers a unique investment opportunity in a location where beach-area properties are tightly held and consistently in demand. Whether you're looking to renovate, maximize rental income, or create the ultimate coastal getaway, the possibilities are abundant. Buyer to perform all due diligence regarding property condition, future use, redevelopment potential, and all municipal requirements. Property is being sold as-is.
Courtesy: Alpern and Mesenbourg
401-307-5044
A rare investment opportunity in Westerly. This well-maintained duplex cherished by the same family for nearly three decades sits on a full acre of beautifully manicured lawn with mature trees and room to expand. This property meets the requirements for an ADU and still holds significant potential. Buyer to verify. Each unit offers 3 bedrooms, 1 bathroom, and a versatile bonus room ideal for storage, a home office, or a creative space. The entire property has just been freshly painted, setting the stage for your vision. With a bit of added TLC, the potential here is exceptional. Rent both units for strong cash flow, or live in one and Airbnb/VRBO the other to significantly offset your mortgage. Current three-bedroom rentals in Westerly commonly exceed $2,000 per month, making this a high-demand, high-return opportunity. A two-car garage and two additional sheds provide abundant storage. The location is unbeatable just a short walk to downtown Westerly, Westerly High School, restaurants, shops, and community amenities, and only a 10-minute drive to the beach. Convenience meets coastal living. Whether you're an investor seeking reliable rental income or a homeowner looking for flexibility and long-term value, this spacious, well-cared-for multifamily property stands out in today's market. Opportunities like this don't come around often.
Courtesy: Town & Shore Realty
401-596-1000
Well-maintained side-by-side duplex located in the heart of Westerly. Each unit offers an identical two-level layout featuring 2 bedrooms and 1.5 bathrooms, providing comfortable and functional living space. Both units have separate utilities, making management efficient and appealing for both owner-occupants and investors. Each side also includes its own private basement for storage and additional space, along with separate decks, offering outdoor enjoyment and added privacy for each unit. The property is currently tenant-occupied with month-to-month leases in place, providing immediate rental income along with flexibility for future use. Current rents are below market value, presenting a strong opportunity for increased income potential. Ideal opportunity for an owner-occupied buyer looking to offset their mortgage, or an investor seeking a solid addition to their portfolio. Conveniently located near downtown Westerly, shopping, restaurants, and area beaches.
Westerly is located in Rhode Island. Westerly, Rhode Island has a population of 23,352. Westerly is less family-centric than the surrounding county with 20.09% of the households containing married families with children. The county average for households married with children is 25.16%.
The median household income in Westerly, Rhode Island is $81,051. The median household income for the surrounding county is $92,001 compared to the national median of $69,021. The median age of people living in Westerly is 50 years.
The average high temperature in July is 79.6 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 48 inches per year, with 27 inches of snow per year.
