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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Westerly, RI
Listed for sale 1 day ago
$ 525,000
ROI
24.6
Cash Flow/m
659- 4 Bed
- 2 Bath
- 1449 sft
6 Marion St, Westerly, RI, 02891
$ 349,900
ROI
25.6Cash Flow/m
570- 5 Bed
- 2 Bath
- 1976 sft
67 White Rock Rd, Westerly, RI, 02891
Fix & Flip
$ 524,900
ROI
23.7Cash Flow/m
524- 5 Bed
- 3 Bath
- 3317 sft
14 George St, Westerly, RI, 02891
$ 595,000
ROI
25.1Cash Flow/m
826- 7 Bed
- 3 Bath
- 3849 sft
7 Dixon St, Westerly, RI, 02891
Why Invest in Westerly, Rhode Island?
Multi-family properties in Westerly, RI offer strong investment potential with steady cash flow from year-round and seasonal rentals. Coastal demand drives appreciation around 4%, while cap rates hover at 6-7%. Renter occupancy exceeds 45%, supported by tourism and proximity to beaches. Average rents near $2,000 per unit provide reliable yields in this stable market. Limited supply enhances long-term value for diversified portfolios.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$18500/mo
Avg. Cash Flow
$1950/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
High renter demand from tourism and students supports steady cash flow. Appreciation around 4% and cap rates of 6-7% offer balanced returns. Coastal location limits supply, enhancing value.
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