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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
Rental Income
$ 549,000
ROI
24.0
Cash Flow/m
588- 5 Bed
- 3 Bath
- 2736 sft
24 Pleasant St, Westerly, RI, 02891
$ 765,000
ROI
20.7Cash Flow/m
138- 4 Bed
- 4 Bath
- 3242 sft
166 High St, Westerly, RI, 02891
$ 525,000
ROI
23.8Cash Flow/m
537- 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
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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