49 Old Pine Road, Narragansett, RI 02882

$1,350,000 Asking Price

7 beds
2 baths
2,822  sqft
Built in 1979

Discover your next home in Narragansett's Mettatuxet neighborhood. This beautifully remodeled legal 7-bedroom, 2-bathroom property boasts a generous 1,444 square feet of space on the main level, plus an additional 1,378 square feet of finished living space on the lower level, including a full bathroom and living room on each level of the home. Inside, you're greeted with a contemporary feel, as recent renovations offer a fresh and modern touch. Comfort is ensured year-round with electric heat and ductless air conditioning, and efficiency is top-notch thanks to owned solar panels which can help to minimize your utility costs. Investors, take note: this home has a strong track record of generating income through weekly summer leases and academic year rental agreements, proving it to be a valuable asset in your portfolio. Consider a potential 1031 exchange and purchase with other available investment properties in close proximity (MLS #1366173 & #1366176). Offering ample space and up-to-date amenities, this home is ideal for anyone looking for room to grow or the opportunity for investment. Ample parking. Don't miss out on making this versatile property your own.


Features & Amenities

Interior

General:
Attic,Tub Shower
Appliances:
Dryer,Dishwasher,Electric Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
Basement:
Full,Finished,Interior Entry
Flooring:
Ceramic Tile,Vinyl
A/C:
true, Ductless,Window Unit(s)
Heating:
true, Baseboard,Electric,Solar,Zoned
Fireplace:
Fireplaces: 0

Exterior

General:
Deck
Style:
Raised Ranch
Parking:
No Garage, Parking spaces: 8

Construction

General:
Shingle Siding,Wood Siding, 2, Concrete Perimeter

Location

Originating MLS:
RIS
County:
Washington

Lot

Zoning:
R10, 49OLDPINERDNARR

Utilities

Utilities:
Sewer Connected, 200+ Amp Service,Circuit Breakers
Water:
Connected
Sewer:
Connected

Financial

Source:
RIS

This listing courtesy of:
Mott & Chace Sotheby's Intl.

About Narragansett, RI

Housing

Number of Units
8,509
Median Home Value
$513,597
Median Rent
$1,219

40.91% of housing units are renter occupied.

34.33% are vacant.

Commute

Car
70.54%
Public Transportation
1.09%
Walk to Work
0.72%
Work from Home
26.97%
Other
0.33%

The median travel time to work is 20 minutes.

People

Population
12,496
Median Age
44.20
Median Household Size
2.66

Education

High School
17.79%
Associate’s Degree
7.31%
Bachelor’s Degree
30.47%
Graduate Degree
27.66%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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