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USARINarragansettPoint Judith8 James St
8 James St, Home with 3 bedrooms, 2 bathrooms and 2 parking in Narragansett RI | Image 1
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$675,000

8 James St, Narragansett, RI

Real Estate

Sold

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$675,000
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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $3,301
Lot Size 
Approx. Age 1961
MLS® Number 1382921

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to this legal two-family property in the heart of Southern Narragansett. From the curb, this charming wood-shingled ranch appears to be a quaint single residence located at the end of a dead-end street, but savvy investors will appreciate the income-generating potential of its two distinct units. The thoughtfully designed layout features a cozy 300-square-foot studio apartment on one side and a well-proportioned 564-square-foot two-bedroom unit on the other. Both units boast full bathrooms with stand-up showers and are finished with durable luxury & commercial vinyl flooring throughout, ensuring minimal maintenance for owners and lasting appeal for tenants. Recent updates include a updated kitchen in the studio apartment and a fresh coat of paint (2024), while practical amenities like individual 100-amp electrical panels for each unit's electric heat provide autonomy and efficiency. The property is serviced by town water and features a three-bedroom septic system. Location is key - enjoy easy access to local beaches while property owners benefit from low Narragansett tax rates. As a bonus, this property sits within a designated Opportunity Zone, offering potential tax advantages for investors. With its proven track record as an income-generating property and current lead certificate in hand, this side-by-side duplex presents an exceptional opportunity for investors seeking a turnkey rental property in one of Rhode Island's most desirable coastal communities.Show Description
MLS® Number1382921
Laundry Level
Central VacNo
FireplaceNo
Acreage0.132
Exterior
GarageNo
Approx. Age1961
BasementCrawl Space
DrivewayNo Garage
Garage Spaces
HeatBaseboard, Electric, Individual, Zoned
A/CNone
Heating Fuel

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