Last Sold Price
5 beds5,082 sqft$98/sqft
49 Spring St, Westerly, RI 02891

Description

Welcome to 49 Spring Street, a lovingly cared for home over the years. This is a rare find of a ranch style multi family with 3 units, 2 of which are first floor apartments. Neat and tidy, this property features natural connected gas for heat, beautiful original wood floors and replaced windows bringing in bright light throughout. Each first floor unit has 2 bedrooms and 1 bath with deck access. The fully renovated 3rd unit has 1 bedroom in the lower level with back door access and large windows...Welcome to 49 Spring Street, a lovingly cared for home over the years. This is a rare find of a ranch style multi family with 3 units, 2 of which are first floor apartments. Neat and tidy, this property features natural connected gas for heat, beautiful original wood floors and replaced windows bringing in bright light throughout. Each first floor unit has 2 bedrooms and 1 bath with deck access. The fully renovated 3rd unit has 1 bedroom in the lower level with back door access and large windows overlooking yard. An under car garage is accessed from the back next to the unfinished basement space. Each unit is on its' own metered gas and electric. Unit 2 and 3 on month to month lease. All of this in the heart of Westerly. Enjoy relaxing on the expansive deck or strolling the sidewalk lined neighborhood. Walk to breakfast or dinner in downtown. Restaurants, groceries or Wilcox Park a short walk away. Shared driveway. Highest and best offers due by saturday 3/11 at 7pm
LISTING CLOSED: 04/19/2023 12:00 AM

  1. Listed by Holly Powell • Brokerage DRE #REB.0018040 • BHHS New England Properties
    P: (860) 961-2664 hollypowell@bhhsne.com

Property Details for 49 Spring Street

Status
MLS #
1331048
Days on Market
4
Taxes
$2,750 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1940
Lot Size
0.26 AC / 11,326 SF
Subdivision Name
Downtown Westerly

Recent comparable sales

Median sold price

$600,000

Avg days on market

29

Sale-to-list ratio

99.3%

Westerly, RI

9 comparable properties found

$525,000 | 14 George Street, Westerly, RI 02891
1/28
1

$525,000

Sold 05/26/26

5
Bedrooms
5,091
Square Feet
0.21
Acres
$450,000 | 81 Old Hopkinton Road, Westerly, RI 02891
1/35
2

$450,000

Sold 12/20/24

5
Bedrooms
4,806
Square Feet
0.75
Acres
$475,000 | 1 Haswell Street, Westerly, RI 02891
1/2
3

$475,000

Sold 04/29/25

5
Bedrooms
2,140
Square Feet
0.22
Acres
$600,000 | 12 Batterson Avenue, Westerly, RI 02891
1/48
4

$600,000

Sold 05/14/26

5
Bedrooms
3,520
Square Feet
0.21
Acres
$642,500 | 67 East Avenue, Westerly, RI 02891
1/50
5

$642,500

Sold 09/05/25

5
Bedrooms
3,148
Square Feet
1.36
Acres
$600,000 | 2 Gravity Court, Westerly, RI 02891
1/13
6

$600,000

Sold 03/20/26

6
Bedrooms
4,154
Square Feet
0.11
Acres
$520,000 | 24 Pleasant Street, Westerly, RI 02891
1/35
7

$520,000

Sold 08/14/26

5
Bedrooms
2,736
Square Feet
0.15
Acres
$650,000 | 2 Marichris Drive, Westerly, RI 02891
1/18
8

$650,000

Sold 06/08/26

5
Bedrooms
2,200
Square Feet
0.21
Acres
$603,000 | 193 High Street, Westerly, RI 02891
1/36
9

$603,000

Sold 05/12/25

5
Bedrooms
2,520
Square Feet
0.21
Acres

Location

Listing Courtesy of BHHS New England Properties

Sold By Randall, REALTORS Compass

Add your commute

Building Information for 49 Spring Street

Stories2Residences3Year Built1940Building Size-Lot Size0.26 AC / 11,326 SF

Payment Calculator

$2,766 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,536

Property Taxes

$229

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 49 Spring Street

Summary
Location and General Information
  • City: Westerly
  • Postal City: Westerly
  • Postal Code: 02891
  • Postal Code Plus4: 2320
  • State Or Province: RI
  • Zoning: R6
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: Yes
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Built In
  • Parking Total: 5
Taxes and HOA Information
  • Tax Annual Amount: $2,750.00
  • Tax Assessed Value: 301100
  • Tax Block: 077
  • Tax Lot: 031
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 5082.0
  • Building Area Total: 5082.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.26
  • Lot Size Area: 11326.0
  • Lot Size Square Feet: 11326.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 49SPRINGSTWEST
  • Stories Total: 2
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1940
  • C L I P: 2,506,418,294
Utilities
  • Electric: Amps100
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Foundation Details: Stone
Interior Features
  • Appliances: Electric Water Heater, Gas Water Heater
  • Basement: Full, Partially Finished, Walk Out Access
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Laminate
  • Heating: Gas
  • Heating Y N: Yes
  • Interior Features: Skylights, Cable Tv
  • Laundry Features: In Unit
  • Patio And Porch Features: Deck
  • Rooms Total: 14
  • Window Features: Skylights
Multi Family
Income & Expenses Information
  • Operating Expense: $3,000.00
Unit 1 Information
  • Actual Rent: $700.00
  • Description: lower level access, renovated
  • Unit Type Area: 400.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $900.00
  • Description: first floor, stand up shower
  • Unit Type Area: 900.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $.00
  • Description: first floor, stand up shower, wood floor
  • Occupant Type: Vacant
  • Unit Type Area: 900.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 49 Spring Street

DateEvent & SourcePriceAppreciation
Apr 19, 2023

Sold (Public Record)

Public Record #1509528094

$499,000
Apr 19, 2023

Sold

Rhode Island Association of REALTORS® #1331048

$499,000
Mar 12, 2023

Contract Signed

Rhode Island Association of REALTORS® #1331048

DateEvent & SourcePrice
04/19/2023

Sold (Public Record)

Public Record #1509528094

$499,000
04/19/2023

Sold

Rhode Island Association of REALTORS® #1331048

$499,000
03/12/2023

Contract Signed

Rhode Island Association of REALTORS® #1331048

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 49 Spring Street

Taxable ValueLand$153,200Additions$272,400Total$425,600
Tax Record2025$3,311 ($276 / month)
Home Facts
Baths3Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories1Lot Size11,227 SqFtStyleTriplexYear Built1940Year Renovated1940CountyWASHINGTONAPNWEST M:77 B:31

Schools near 49 Spring Street

This home is within Westerly School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
State Street School
PublicK to 4

Westerly Middle School
Public5 to 8

Westerly High School
Public9 to 12

Springbrook Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 49 Spring Street, Westerly, RI 02891
$499,000
5
5,082
11,326
$214,000
2
912
5,980
$227,500
3
2,058
6,436
6,436
$246,250
3
2
1,410
6,436
3
2
1,236
10,792

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS New England Properties

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.