8 James St Narragansett, RI 02882
3
Beds
2
Baths
864
Sq Ft
5,750
Sq Ft Lot
Highlights
- Marina
- Golf Course Community
- Tennis Courts
- Narragansett Elementary School Rated A
- Attic
- Public Transportation
About This Home
As of June 2025Welcome 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 Agent to Sell the Property
Mott & Chace Sotheby's Intl. Listed on: 04/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,301
Year Built
- Built in 1961
Home Design
- Wood Siding
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 864 Sq Ft Home
- 1-Story Property
- Crawl Space
- Attic
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- No Garage
Utilities
- No Cooling
- Zoned Heating
- Baseboard Heating
- 100 Amp Service
- Electric Water Heater
- Septic Tank
Additional Features
- 5,750 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 201
- Assessor Parcel Number 8JAMESSTNARR
Community Details
Overview
- 2 Units
- Point Judith Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | Sold | $675,000 | 0.0% | $781 / Sq Ft |
| 05/21/2025 05/21/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | For Sale | $675,000 | -- | $781 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,301 | $504,000 | $269,300 | $234,700 |
| 2023 | $2,995 | $321,700 | $168,300 | $153,400 |
| 2022 | $2,895 | $321,700 | $168,300 | $153,400 |
| 2021 | $2,850 | $321,700 | $168,300 | $153,400 |
| 2020 | $2,868 | $273,700 | $133,800 | $139,900 |
| 2019 | $2,800 | $273,700 | $133,800 | $139,900 |
| 2018 | $2,723 | $273,700 | $133,800 | $139,900 |
| 2017 | $2,325 | $220,200 | $120,600 | $99,600 |
| 2016 | $2,220 | $220,200 | $120,600 | $99,600 |
| 2015 | $2,189 | $220,200 | $120,600 | $99,600 |
| 2014 | $2,312 | $230,300 | $130,700 | $99,600 |
Source: Public Records
Agents Affiliated with this Home
-
Sheil Readyhough Team
S
Seller's Agent in 2025
Sheil Readyhough Team
Mott & Chace Sotheby's Intl.
(401) 932-6597
17 in this area
71 Total Sales
-
John McGinn
Buyer's Agent in 2025
John McGinn
RE/MAX FLAGSHIP, INC.
(401) 529-2631
4 in this area
12 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1382921
APN: NARR-000201-000000-U000000
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