40 Hemlock Avenue, Narragansett, RI 02882 - Photo 1

1/1

$1,441,900

Sold
Closed
Multi-Family
3 Units
9 Total Beds
0.43 Acres

1/1

Property Description

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.

Full Property Details

Full Property Details for 40 Hemlock Ave

General

Sold For: $1,441,900
Taxes: $8,056 (2024)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1368553
Added to Site: 567 day(s) ago

Interior

Number of Rooms: 16
Interior Features: Bathtub, Stall Shower, Tub Shower
Appliances: Water Heater
Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 9

Other Rooms

Laundry: Common Area, In Unit

Parking

Total Spaces: 9
Parking Features: No Garage

Location

County: Washington
Subdivision: Point Judith

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Propane

Utilities

Sewer: Connected, Public Sewer
Water: Connected, Public
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Drywall, Vinyl Siding
Basement: Yes
Basement Desc.: Exterior Entry, Full, Interior Entry, Partially Finished
Stories/Levels: 3
Building Size: 3838
Finished Total: 3,838 Sq. Ft.
Finished Above Grnd: 3,838 Sq. Ft.
Year Built: 1960

Lot Features

Lot Size (Acres): 0.43
Lot Size (Sq. Ft.): 18,731
Lot Size: 18731

Financial Considerations

Tax Amount: $8,056
Tax Year: 2024

Disclosures and Reports

Inclusions: Landlord intermittently occupied as vacation home and did not pursue seasonal renters
Property ID: 40HEMLOCKAVNARR
Lot Number: 288

Listed by Churchill & Banks Co., LLC
Sold by HomeSmart Professionals

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Listing agent

— 40 Hemlock Ave —

Churchill & Banks Co., LLC

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Schools

Schools serving 40 Hemlock Ave

School District:Narragansett School District, Narragansett, RI

Name	Grades	Distance
Narragansett Pier School 235 South Pier Road, Narragansett, RI 02882	5-8	3.9 mi
Narragansett Elementary School, Narragansett, RI 55 Mumford Road, Narragansett, RI 02882	PK-4	4.5 mi
Narragansett High School 245 South Pier Road, Narragansett, RI 02882	9-12	4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 Hemlock Ave

Date

Details

Price

Change

Source

1/02/2025

Sold

$1,441,900

-6.97%

MLS

10/23/2024

Price Reduced

$1,550,000

-2.82%

MLS

10/13/2024

Price Reduced

$1,595,000

-3.33%

MLS

9/30/2024

Price Reduced

$1,650,000

-5.71%

MLS

9/24/2024

Price Reduced

$1,750,000

-5.41%

MLS

9/13/2024

Listed

$1,850,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths
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Sq. Ft.

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Beds
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40 Hemlock Avenue, Narragansett, RI 02882 (MLS# 1368553) is a Multi-Family property that was sold at $1,441,900 on January 02, 2025. Want to learn more about 40 Hemlock Avenue? Do you have questions about finding other Multi-Family real estate for sale in Narragansett? You can browse all Narragansett real estate or contact a Coldwell Banker agent to request more information.

40 Hemlock Ave Narragansett, RI 02882