Narragansett RI Multi Family for Sale
$1,750,000
40 Hemlock Avenue Narragansett, RI 02882
- Type:
- Multi-Family
- Sq.Ft.:
- 3,838
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.43 Acres
- Year built:
- 1960
- Baths:
- 3.00
- MLS#:
- 1368553
- Subdivision:
- Point Judith
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Courtesy: Churchill & Banks Co., LLC
401-273-8010
ADDITIONAL INFORMATION
Rare 3 family on a double lot in Narragansett's Point Judith neighborhood. This property offers amazing investment income potential or the option to occupy one of the units while offsetting your mortgage. This turn key house currently has one of three units leased, allowing the other two units to be rented or occupied at buyer's discretion. Each spacious unit enjoys a private entrance and patio space. Garden level unit and top floor unit share laundry, while main floor has in unit laundry room. The oversized lot may be suitable for a variety of uses including expansion, an ADU or pool (buyer to complete due diligence). With parking for 9 cars, outdoor shower, walking proximity to Roger Wheeler Beach and neighborhood gems like Iggy's and Aunt Carrie's this 8 bed, three bath home is an excellent opportunity.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,000
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.1 Acres
- Year built:
- 1950
- Baths:
- 2.00
- MLS#:
- 1367838
View additional info
Courtesy: Century 21 The Seyboth Team
401-415-8527
ADDITIONAL INFORMATION
Welcome to this versatile 2-family home in Narragansett, RI, ideally suited for student rentals or short-term vacation rentals. Perfectly located near local attractions and amenities, this property offers a prime investment opportunity. The first unit features 3 bedrooms, while the second unit offers 2 bedrooms, both with spacious and updated layouts that include modern improvements. Each unit is designed to maximize comfort and convenience, with plenty of windows allowing natural light to fill the space. The bright interiors create a welcoming atmosphere, appealing to both long-term tenants and short-term guests alike. The property also boasts a great-sized backyard, perfect for outdoor activities, relaxation, or entertaining. A paved driveway behind the home provides convenient off-street parking, ensuring ease of access for residents and visitors. With its prime location and modern updates, this 2-family home is an exceptional investment opportunity. Don't miss out on this chance to own a profitable property in Narragansett!
- Type:
- Multi-Family
- Sq.Ft.:
- 2,252
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.14 Acres
- Year built:
- 1926
- Baths:
- 4.00
- MLS#:
- 1360733
- Subdivision:
- The Pier
View additional info
Courtesy: Coldwell Banker Realty
401-351-2017
ADDITIONAL INFORMATION
Designated "Boarding House" can be used as Single Family, Multi Family or Boarding House for short term rentals. Property has strong Airbnb history. Home has many updates including 7 new mini splits, repointing, window repairs, new appliances, fixtures, paint, water heaters, furnishings, patio area, roof, RISE Energy Audit, etc. Nice front porch, beautiful hardwood floors, 3 bedrooms, 1.5 baths on first floor, 2 bedrooms, 1 bath on 2nd and 2 bedrooms, 1 bath on 3rd, first floor laundry, radiant heated floors in bathrooms, Conveyed with all appliances and furnishings. Patio grilling area, 8 parking spots, Steps to the beach. Property is a cash cow over $120k a year for income.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Narragansett Real Estate
The median home value in Narragansett, RI is $880,000. This is higher than the county median home value of $350,700. The national median home value is $219,700. The average price of homes sold in Narragansett, RI is $880,000. Approximately 44.99% of Narragansett homes are owned, compared to 22.66% rented, while 32.35% are vacant. Narragansett real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Narragansett real estate agent to arrange a tour today!
Narragansett, Rhode Island has a population of 15,601. Narragansett is less family-centric than the surrounding county with 21.22% of the households containing married families with children. The county average for households married with children is 29.06%.
The median household income in Narragansett, Rhode Island is $69,332. The median household income for the surrounding county is $77,862 compared to the national median of $57,652. The median age of people living in Narragansett is 43.7 years.
Narragansett Weather
The average high temperature in July is 79.8 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 48.5 inches per year, with 30.2 inches of snow per year.