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8 James Street, 
Narragansett, RI 02882

$675,000


3

Beds


2

Baths


864

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Sheil Readyhough Team

Mott & Chace Sotheby'S Intl.

Last updated:

May 2, 2025, 01:55 PM

MLS#

1382921

Source:

RI STATEWIDE

About This Home

8 James Street

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.

Home Facts

Multi-Family

2 Baths

3 Bedrooms

Built in 1961

Price Summary

675,000

$781 per Sq. Ft.

MLS #:

1382921

Last Updated:

May 2, 2025, 01:55 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

864 Sq. Ft.


Structure

Structure

Building Area:

864 Sq. Ft.

Year Built:

1961


Lot

Lot Size (Sq. Ft):

5,749


Finances & Disclosures

Finances

Price:

$675,000

Price per Sq. Ft:

$781 per Sq. Ft.

MLS Logo
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Coastal Homes are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: May 2, 2025

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