New Listing - 04/24/2025
8 James Street, Narragansett, RI, 02882
5 rooms
3 beds
2 Full baths
1961
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.
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
R20
Subdivision:
Point Judith
Garage:
No Garage
Heating:
Baseboard, Electric, Individual, Zoned
Cooling:
None
Basement:
Crawl Space
Parking:
2-car
Acreage:
0.13
Est. Taxes:
$3,301
Assessment
$504,000
Construction
Shingle Siding,Wood Siding
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Appliances:
Dishwasher, Exhaust Fan, Electric Water Heater, Oven, Range, Refrigerator, Water Heater
MLS #:
1382921
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School Info
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Listing courtesy of Mott & Chace Sotheby's Intl. Phone: 401-789-8899