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$549,000 Just Listed
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Property Description
Excellent opportunity to own a well-maintained three-unit multifamily property offering income potential and long-term value. This property features three separate units with functional layouts, providing flexibility for investors who want rental income. Each 2 bedroom unit offers 5 rooms with comfortable living spaces with well-sized bedrooms, and practical kitchens and 1 bath. All appliances included stoves, refridgators, and dishwashers. One unit has it's own washer dryer. Community washer dryer is in the basement for units on the 1st and 3rd floor. Tenants have a 6 month lease until July 31, 2026. Lead safe certificate of compliance just completed. The property has been thoughtfully cared for, making it a solid, turnkey option with room to add value over time. Additional highlights include separate utilities, off-street parking, shared outdoor space, and convenient access to public transportation, shopping, dining, Wilcox park, and major commuter routes. Enjoy the best beaches in Rhode Island, just minutes away to Misquamicut, Westerly, and Watch Hill. beaches. If you are looking for a smart live-in investment, this 3-unit multifamily delivers reliable income with a desirable location. A rare opportunity you won't want to miss.
Full Property Details
Full Property Details for 2 Gravity Ct
General
- Price: $549,000
- Taxes: $3,600 (2025)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1404261
- Updated: 2/11/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 15
- Interior Features: Bathtub, Interior Steps, Tub Shower
- Fireplace(s): None
- Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Common Area
Additional Information
- Tennis: Yes
Parking
- Total Spaces: 3
- Parking Features: No Garage
Location
- County: Washington
- Subdivision: Downtown Wilcox Park area
- Near Highway: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Central, Gas, Zoned
Utilities
- Sewer: Connected, Public Sewer
- Water: Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Drywall, Plaster, Vinyl Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
- Stories/Levels: 3
- Building Size: 4154
- Finished Total: 4,154 Sq. Ft.
- Finished Above Grnd: 4,154 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size (Sq. Ft.): 5,000
- Lot Size: 5000
Water Features
- Water Front Desc.: Beach Access, Beach Front, Dock Access, River Access
Financial Considerations
- Assoc Fee Freq.: Monthly
- Operating Expenses: $36,000
- Tax Amount: $3,600
- Tax Year: 2025
Disclosures and Reports
- Property ID: 2GRAVITYCTWEST
- Lot Number: 112
Listed by Beachcomber Real Estate
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Schools
Schools serving 2 Gravity Ct
School District:Westerly School District
| Name | Grades | Distance |
|---|---|---|
State Street School 35 State Street, Westerly, RI 02891 | K-4 | 0.9 mi |
Westerly Middle School 10 Sandy Hill Road, Westerly, RI 02891 | 5-8 | 2.8 mi |
Westerly High School 23 Ward Avenue, Westerly, RI 02891 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2 Gravity Ct
Date
Details
Price
Change
Source
2/05/2026
Listed
$549,000
92.63%
MLS
3/20/2016
Sold
$285,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2 Gravity Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,698
5%
$475,300
41%
2024
$3,512
3%
$336,100
—
2023
$3,415
1%
$336,100
—
2022
$3,395
-2%
$336,100
17%
2021
$3,468
2%
$287,600
—
2020
$3,408
1%
$287,600
—
2019
$3,376
5%
$287,600
10%
2018
$3,221
3%
$260,800
—
2017
$3,130
—
$260,800
—
2016
$3,130
4%
$260,800
-2%
2015
$3,002
2%
$267,300
—
2014
$2,954
1%
$267,300
—
2013
$2,914
—
$267,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2 Gravity Ct
2 Gravity Court, Westerly, RI 02891 (MLS# 1404261) is a Apartment property with 6 bedrooms and 3 full bathrooms. 2 Gravity Court is currently listed for $549,000 and was received on February 05, 2026. Want to learn more about 2 Gravity Court? Do you have questions about finding other Apartment real estate for sale in Westerly? You can browse all Westerly real estate or contact a Coldwell Banker agent to request more information.

