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.
Sold for $1,441,900 on 01/02/25
$1,441,900
40 Hemlock Ave, Narragansett, RI 02882
9beds
3,501sqft
Multi Family
Built in 1960
-- sqft lot
$1,500,100 Zestimate®
$412/sqft
$3,032 Estimated rent
Home value
$1,500,100
$1.38M - $1.64M
$3,032/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 02, 2025 at 05:24pm
Listed by:
Lindsay Pettinelli 401-439-0582,
Churchill & Banks Co., LLC
Bought with:
Nicholas Hayes, REB.0019630
HomeSmart Professionals
Source: StateWide MLS RI,MLS#: 1368553
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub, Bath w Shower Stall, Bath w Tub & Shower
Heating
- Bottle Gas, Baseboard
Cooling
- Window Unit(s)
Appliances
- Laundry: Common Area, In Building, In Unit
Features
- Wall (Dry Wall), Plumbing (Mixed)
- Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
- Basement: Full,Interior and Exterior,Partially Finished,Bath/Stubbed,Bedroom(s),Family Room,Kitchen,Utility
- Has fireplace: No
Interior area
- Total structure area: 3,838
- Total interior livable area: 3,501 sqft
Property
Parking
- Total spaces: 9
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 0.43 Acres
Details
- Parcel number: NARRMNB288
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Narragansett
- Subdivision: Point Judith
HOA & financial
Other financial information
- Total actual rent: 2000
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2025 | Sold | $1,441,900-7%$412/sqft |
Source:  StateWide MLS RI #1368553 | ||
| 12/16/2024 | Pending sale | $1,550,000$443/sqft |
Source: StateWide MLS RI #1368553 | ||
| 10/28/2024 | Contingent | $1,550,000$443/sqft |
Source: StateWide MLS RI #1368553 | ||
| 10/23/2024 | Price change | $1,550,000-2.8%$443/sqft |
Source: StateWide MLS RI #1368553 | ||
| 10/14/2024 | Price change | $1,595,000-3.3%$456/sqft |
Source: StateWide MLS RI #1368553 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,356 +3.7% | $1,230,700 +0.1% |
| 2024 | $8,057 +51.5% | $1,230,000 +108.1% |
| 2023 | $5,319 | $591,000 |
Find assessor info on the county website
Neighborhood: 02882
Nearby schools
GreatSchools rating
- 7/10Narragansett Pier SchoolGrades: 5-8Distance: 3.9 mi
- 10/10Narragansett High SchoolGrades: 9-12Distance: 4 mi
- 8/10Narragansett Elementary SchoolGrades: PK-4Distance: 4.5 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,500,100
2% more+ $30,002
With Zillow Showcase(estimated)
$1,530,102