8 James Street
Narragansett, RI 02882
- 3 beds
- 2 baths
- 864 sqft
- 5,750 sqft lot
- $781 per sqft
- 1961 build
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.
Last checked:
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Last updated Apr 24, 2025
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MLS# 1382921 —
The Building
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Year Built:1961
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New Construction:false
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Building Area Total:864.0
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Construction Materials:ShingleSiding,WoodSiding
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Foundation Details:ConcretePerimeter
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Stories Total:1
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Levels:One
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Basement:CrawlSpace
Interior
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Interior Features:Attic,Storage,StallShower
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Flooring:Vinyl,Carpet
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.391522
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Longitude:-71.485917
The Property
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.132
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Lot Size Area:5750.0
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Lot Size Square Feet:5750.0
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Lot Size Units:SquareFeet
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Parcel Number:8JAMESSTNARR
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Zoning:R20
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 932-6597
- Office phone:
- (401) 789-8899
Taxes
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Tax Year:2024
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Tax Annual Amount:3301.0
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Tax Assessed Value:504000
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Tax Lot:201
Beds
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Bedrooms Total:3
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Unbranded:https://tour.RiLiving.com/8-James-Street-Narragansett-RI-02882
Heating & Cooling
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Heating:Baseboard,Electric,Individual,Zoned
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Electric:Amps100,CircuitBreakers
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Sewer:SepticTank
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Water Source:Connected
Appliances
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Appliances:Dishwasher,ExhaustFan,ElectricWaterHeater,Oven,Range,Refrigerator,WaterHeater
The Community
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Subdivision Name:Point Judith
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Senior Community:false
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Community Features:Golf,HighwayAccess,Marina,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,TennisCourts
Parking
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Parking Total:2.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/24/25
Apr 24, 2025
|
Listed / Active | RIMLS | $675,000 |
