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Sold for $1,441,900
    • $1,441,900

    40 Hemlock Ave, Narragansett, RI 02882

    9beds
    3,501sqft
    Multi Family
    Built in 1960
    -- sqft lot
    $1,555,500 Zestimate®
    $412/sqft
    $2,041 Estimated rent

    Home value

    $1,555,500

    $1.42M - $1.71M

    $2,041/mo

    Zestimate® history
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    What's special

    In unit laundry roomPatio spaceOversized lotOutdoor showerSpacious unitPrivate entranceDouble lot
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lindsay Pettinelli 401-439-0582,

    Churchill & Banks Co., LLC

    Bought with:

    Nicholas Hayes, REB.0019630

    HomeSmart Professionals

    Source: StateWide MLS RI,MLS#: 1368553MLS Logo

    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 & HOA

    Community
    • Subdivision: Point Judith
    HOA
    • Has HOA: No
    Location
    • Region: Narragansett

    Financial & listing details

    • Price per square foot: $412/sqft
    • Tax assessed value: $1,230,700
    • Annual tax amount: $8,056
    • Date on market: 9/26/2024
    • Inclusions: Landlord intermittently occupied as vacation home and did not pursue seasonal renters
    • Total actual rent: 2000
    • Tenant pays: Heat

    Price history

    DateEventPrice
    1/2/2025Sold$1,441,900-7%$412/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    12/16/2024Pending sale$1,550,000$443/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    10/28/2024Contingent$1,550,000$443/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    10/23/2024Price change$1,550,000-2.8%$443/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    10/14/2024Price change$1,595,000-3.3%$456/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    9/30/2024Price change$1,650,000-5.7%$471/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    9/24/2024Price change$1,750,000-5.4%$500/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    9/13/2024Listed for sale$1,850,000+36%$528/sqft
    Source: StateWide MLS RI #1368553 Report a problem
    3/4/2022Sold$1,360,000+0.7%$388/sqft
    Source: StateWide MLS RI #1300695 Report a problem
    2/9/2022Pending sale$1,350,000$386/sqft
    Source: StateWide MLS RI #1300695 Report a problem
    1/20/2022Contingent$1,350,000$386/sqft
    Source: StateWide MLS RI #1300695 Report a problem
    12/30/2021Listed for sale$1,350,000+5.9%$386/sqft
    Source: StateWide MLS RI #1300695 Report a problem
    10/4/2021Sold$1,275,000+177.2%$364/sqft
    Source: Public Record Report a problem
    9/26/2014Sold$460,000-8%$131/sqft
    Source: Agent Provided Report a problem
    7/9/2014Price change$499,900-4.8%$143/sqft
    Source: RE/MAX Professionals #1066304 Report a problem
    6/11/2014Price change$525,000-2.8%$150/sqft
    Source: RE/MAX Professionals #1066304 Report a problem
    6/5/2014Price change$540,000-1.8%$154/sqft
    Source: RE/MAX Professionals #1066304 Report a problem
    1/24/2014Price change$550,000-7.6%$157/sqft
    Source: RE/MAX Professionals #1066304 Report a problem
    8/24/2013Price change$595,000-4.8%$170/sqft
    Source: RE/MAX Professionals #1066304 Report a problem
    6/15/2013Price change$625,000-3.8%$179/sqft
    Source: Abbott Properties #1032348 Report a problem
    4/16/2013Price change$649,900-2.9%$186/sqft
    Source: Abbott Properties #1032348 Report a problem
    3/5/2013Price change$669,500-4.3%$191/sqft
    Source: Abbott Properties #1032348 Report a problem
    1/19/2013Listed for sale$699,900$200/sqft
    Source: Abbott Properties #1032348 Report a problem

    Public tax history

    YearProperty taxesTax 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
    2022$5,319 +1.6%$591,000
    2021$5,236 -11.5%$591,000 +4.7%
    2020$5,918 +2.4%$564,700
    2019$5,777 +2.8%$564,700
    2018$5,619 -10.4%$564,700 -4.9%
    2017$6,271 +4.8%$593,800
    2016$5,986 +1.4%$593,800
    2015$5,902 -8.3%$593,800 -7.3%
    2014$6,434 +2.5%$640,800
    2013$6,280 +2.4%$640,800
    2012$6,132 +0.3%$640,800 -6%
    2011$6,114 +1.2%$681,600
    2010$6,039 +3.3%$681,600
    2009$5,848 -3.3%$681,600 -18.3%
    2008$6,045 +4.2%$833,800
    2007$5,803 -1.4%$833,800 +54.4%
    2005$5,883 $540,200
    Find assessor info on the county website

    Neighborhood: 02882

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    Estimated market value
    $1,555,500
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    Estimated market value
    $1,555,500

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