40 School St
Westerly, RI 02891
6 bd 3 ba 4,204 sqft Built 1890 Lot 13,939 sqft multi_family
Most recent sale
$426,000
Dec 17, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 17, 2021 | Sold | $426,000 | MLS #1297136 |
| Nov 1, 2021 | Listed | $375,000 | MLS #1297136 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $305,000 | $154,000 | $459,000 | $3,571 |
| 2023 | $222,000 | $110,600 | $332,600 | $3,379 |
| 2022 | $222,000 | $110,600 | $332,600 | $3,359 |
| 2021 | $174,200 | $96,500 | $270,700 | $3,265 |
| 2020 | $174,200 | $96,500 | $270,700 | $3,208 |
| 2019 | $174,200 | $96,500 | $270,700 | $3,178 |
| 2018 | $150,100 | $96,500 | $246,600 | $3,046 |
| 2017 | $150,100 | $96,500 | $246,600 | $2,959 |
| 2016 | $150,100 | $96,500 | $246,600 | $2,959 |
| 2015 | $154,200 | $98,400 | $252,600 | $2,837 |
| 2014 | $154,200 | $98,400 | $252,600 | $2,791 |
| 2013 | $154,200 | $98,400 | $252,600 | $2,753 |
| 2006 | $129,600 | $75,100 | $204,700 | $2,192 |
Property facts
Year built
1890
Property type
multi_family
Stories
3
Beds
6
Baths
3
Living area
4,204 sqft
Lot size
13,939 sqft
ZIP code
02891
City
Westerly
Street
School St
Coordinates
41.37346, -71.82537
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,556
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 40 School St last sell?
40 School St most recently sold on Dec 17, 2021 for $426,000.
What is the current tax assessment for 40 School St?
The most recent total assessment for 40 School St (year 2025) is $459,000 with $3,571 in property tax.
How does 40 School St's assessment compare to its last sale price?
The current assessment is 7.7% above the last sale price of $426,000.
When was 40 School St built?
40 School St was built in 1890.
How does 40 School St compare to others on School St?
We track 8 other properties on School St. Browse the list under "Other properties on School St" to compare beds, baths, and sale history.
What are the property facts for 40 School St?
40 School St is a 6 bed, 3 bath, 4,204 sqft, 13,939 sqft lot multi_family.
Is 40 School St a flip candidate?
No — 40 School St does not appear in our flips dataset.
Is 40 School St a tax-appeal candidate?
No — 40 School St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.3%
Implied 1-yr
+21.2%
2026 Q3
$1.14M
2026 Q4
$1.18M
ZIP 02891 — Median Price History + Forecast
Explore nearby
Geography
Other properties on School St