78 Pierce Street

Westerly, RI 02891

$449,000
Price
10
Beds
4
Baths
6,032 Sq. Ft.
$74 / Sq. Ft.
6,032
Sq. Ft.
$74
per Sq. Ft.

Description

Attention investors, check out this awesome investment opportunity at 78-80 Pierce St in an OPPORTUNITY ZONE with possible tax deferment on eligible capital gains in Westerly! You've got two duplexes on one lot, making it a total of four units. It's perfect for anyone looking to dive into real estate or live in one unit and rent out the others. Located in a great spot, you're close to everything Westerly has to offer. Each unit has tenants in place. Being sold "AS IS, WHERE IS" With a solid rental...Attention investors, check out this awesome investment opportunity at 78-80 Pierce St in an OPPORTUNITY ZONE with possible tax deferment on eligible capital gains in Westerly! You've got two duplexes on one lot, making it a total of four units. It's perfect for anyone looking to dive into real estate or live in one unit and rent out the others. Located in a great spot, you're close to everything Westerly has to offer. Each unit has tenants in place. Being sold "AS IS, WHERE IS" With a solid rental history and room for growth, this property is a no-brainer for anyone looking to expand their portfolio. Don't miss out on this chance to own a versatile, income-generating property in a fantastic community. Come see it today and imagine the possibilities at 78-80 Pierce St!

Listing Agent

  1. Rick Wucik

    Rick Wucik

    Listing Agent

    Compass

    rick.wucik@compass.com

    P: (401)-741-0784

Amenities

  • Baseboard Heating
  • Basement
  • Electric Heat
  • Electric Oven
  • Full Basement
  • Gas Heat
  • Golf Course Community
  • Hardwood Floors
LISTING UPDATED: 11/20/2024 12:14 PM

Property Details for 78 Pierce Street

StatusPending
MLS #1371796
Days on Market23
Taxes$2,406 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1920
Lot Size0.13 AC / 5,663 SF
CountyWashington County
Buyer's Agent Compensation2.5%

Building Information for 78 Pierce Street

Stories2Residences4Year Built1920Building Size-Lot Size0.13 AC / 5,663 SF

Property Information for 78 Pierce Street

Summary
Location and General Information
  • City: Westerly
  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Postal City: Westerly
  • Postal Code: 02891
  • State Or Province: RI
  • Zoning: R-6
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 4
Taxes and HOA Information
  • Tax Annual Amount: $2,406.00
  • Tax Assessed Value: 204700
  • Tax Lot: 105
  • Tax Map Number: 46
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Fin SQFT: 6032.0
  • Building Area Total: 6032.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.13
  • Lot Size Area: 5663.0
  • Lot Size Square Feet: 5663.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 7880PIERCESTWEST
  • Stories Total: 2
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1920
  • C L I P: 3,109,522,471
Utilities
  • Electric: Amps100
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Combination, Stone
Interior Features
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator, Water Heater
  • Basement: Full, Unfinished, Walk Out Access
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 10
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Heating: Baseboard, Electric, Gas
  • Heating Y N: Yes
  • Rooms Total: 18
Multi Family
Income & Expenses Information
  • Operating Expense: $7,400.00
Unit 1 Information
  • Actual Rent: $900.00
  • Description: 78 second floor
  • Unit Type Area: 928.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $900.00
  • Description: 78
  • Unit Type Area: 520.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,800.00
  • Description: 80 second floor
  • Unit Type Area: 928.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $1,800.00
  • Description: 80
  • Unit Type Area: 928.0
  • Baths Total: 1
  • Beds Total: 3
  • 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 78 Pierce Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 78 Pierce Street

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

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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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.