2 Elm Street

Westerly RI 02891

3712 sq. ft.

20038 sq. ft.

Single-Family

Last sold for $700,000

Kurt Potter, last sold this property on 05 August 2026 after 35 days on market.

Overview

THE CROWN JEWEL! 2 Elm Street, Westerly, RI. The most majestic property in Beautiful Downtown Westerly is ready to take on its' next life. Looking down from its' perch at the top of Broad Street, she presides over Town. This will once again be the grand Lady it has been in the past. This opportunity is one of a kind, and can be taken advantage of for a variety of potential usages. A single family residence, a rental property, an Inn, a multi-unit property, or an extension of any high end real estate portfolio. Sitting directly next door to the Granite Theatre, you are a stones throw to gorgeous Wilcox Park, and all that Downtown Westerly has to offer. Fine dining, lively Pubs, and beautiful shops abound. Take a stroll to the river or through the Park. Enjoy mornings with coffee and conversation, and happy hour evenings leading to wonderful dinners downtown. Envision the grand front lawn with a western facing patio, complete with fire pits and gorgeous sitting areas looking over beautiful Downtown Westerly. This restoration is HGTV worthy! The seller is willing to partner with the right group that sees the unreal potential here, or to step aside and allow the next owner to complete their own vision. Public water and sewer are in place, along with natural gas. The lot should be able to sustain an ADU (another 2BR unit) and garage expansion in the rear!! There will never be another 2 Elm Street to duplicate this opportunity for a Downtown HOME or business opportunity!!

Features

4 bedrooms

2 bathrooms

10 carspaces

3712 sq. ft. floor area

20038 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Westerly over the last 12 months, the estimated median property value of 2 Elm Street is $655k.

Median value

$655k

Estimated value range

$315k - $3.52m

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Westerly. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2 Elm Street

2026

Sold

$700,000

05 Aug 2026 by Kurt Potter, of RE/MAX Right Choice

2025

Sold

$530,000

11 Apr 2025 by Christopher Randall, of Mott & Chace Sotheby's Intl.

Happy sellers in Westerly

We have insufficient information to provide an overview of customer satisfaction for Westerly. Viewing the agent profiles, reviews and sales for Westerly can provide insights for this location.