Movoto Real Estate
Sold on 12/12/2025
  • Exterior
  • Entry Way
  • Other
  • Kitchen
  • Dining
  • Bedroom
  • Bath
  • Living

4 Pearl St, Westerly, RI 02891

$600,000

Last sold 12/12/2025 after 50 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale

About 4 Pearl St

Property type Multi-family
Year built 1928
HOA fee $0/month
Lot size 0.37 Acre
Movoto estimate
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.
Listed by
Listing Agent - Lisa Raiche
Listing Office - Town & Shore Realty
Source: State-Wide MLS mls logo
MLS#1398560 • last updated 9 months ago
Movoto checked State-Wide MLS for data 12 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Gas
MLS # 1398560
SubType Multi Family
Status Closed
Lot Size (SqFt) 16117
Lot Size (Acres) 0.37
Property Tax 2710.33
Tax Assessed Value 381200
Year Built 1928
Interior
Total # of Bathrooms 4
# of Full Baths 4
Totall # of Bedrooms 8
Total # of Rooms 16
Flooring Vinyl
Appliances Gas Water Heater
Fireplace None
Exterior
Construction Vinyl Siding
Parking No Garage
# of Parking Spaces 8
Amenities / Utilities
Utilities Sewer Connected
Sewer/ Septic Connected
Water Connected
Location
County Washington
Subdivision NORTH END
APN 4PEARLSTWEST
Multifamily Details
Total # of Units 4
Expense: Operating 32314
$635K
Range: $577K-$692K
Last 30 days 
  • Dec 2025
    mls logo MLS # 1398560
  • Dec 12, 2025 Sold
    $600,000
  • Nov 1, 2025 Pending
    —
  • Oct 23, 2025 Listed
    $675,000
  • Dec 2025
    Public Records
  • Dec 12, 2025 Sold
    $600,000 (-11.1%)
  • Oct 2025
    mls logo MLS # 1398199
  • Oct 18, 2025 Listed
    $675,000
  • Oct 2025
    mls logo MLS # 1398030
  • Oct 16, 2025 Listed
    $675,000
  • Year Property taxes Tax assessment
  • 2025
    $2,966 +19.5%
    $381,200 +60.44%
  • 2024
    $2,483 +2.9%
    $237,600
  • 2023
    $2,414 +0.6%
    $237,600
  • 2022
    $2,400 -9.2%
    $237,600 +8.39%
  • 2021
    $2,644 +1.8%
    $219,200
  • 2020
    $2,598
    $219,200
  • 4 Pearl St
    $600K
  • —
  • 02891
    $685K 0% y/y
  • Westerly
    $879K +25% y/y
No chart available
Statistics calculated by Movoto

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6/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • RI
  • Washington County
  • Westerly
  • 02891
  • 4 Pearl St
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