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Two-Unit Duplex with Central Air
For Sale
$975,000

194 S Pier Road, Narragansett, RI 02882

Residential Income, Narragansett, RI

Property Size1,728 SF
Lot Size0.35 Acres
Price / SF$564.24
Days on Market141

Property Features for 194 S Pier Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-40
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bedroom 4
Parking 8
Parking features None
Window features Insulated Windows
Interior features Wall (Dry Wall), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
Basement Unfinished, Crawl Space
Appliances Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Electric Water Heater
Subdivision Narragansett Pier
Standard status Active
Size 1,728 SF
Lot size 0.35 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4748

Utilities

Sewer type Septic Tank
Heating system Forced Air, Oil
Cooling system Central Air

Amenities

private laundry
central air
private backyard

Building Details

Year built 1960
Floors in Building 1
Number of units 2
Flooring type Hardwood, Tile - Ceramic, Laminate
Building materials Dry Wall, Plaster, Vinyl Siding
Listing Agency: Keller Williams Coastal · Keller Williams Realty
Listed By: Ken Munroe
Added: May 19 Changed: Sep 26 Last Checked: Oct 6 at 5:06PM
MLS# 1412433

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This side-by-side duplex contains two one-level residences totaling 1,728 square feet on a 0.35-acre lot. Updates include kitchens and bathrooms, and both units have central air conditioning and private laundry. The property was built in 1960 and is zoned R-40. Current occupancy is month-to-month; yearly and seasonal rental arrangements are described as options.

The property is on S Pier Road in Narragansett, within walking distance of the ocean, Narragansett Town Beach, the seawall, the Towers, parks, a bike path, hiking trails, restaurants, and shops. A public boat ramp is also nearby.

Key Highlights

  • Side‑by‑side duplex with two one‑level residences
  • 1,728 square feet on a 0.35‑acre lot
  • Both units have central air conditioning and private laundry

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Storage Facility Auto Repair Shop Kitchen & Bath Showroom Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

402
Businesses Nearby

Demographics for 02882, RI

12,919
Population
8,870
Households
1.5
Avg Household Size
52
Median Age
64%
College-Educated
98%
High-School Grad
12.8 sq mi
ZIP Area
1,009
Density / Sq Mi
$95,794
Median Household Income
$44,042
Median Earnings
$1,661
Median Rent
$686,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence is arranged on one level and includes its own laundry.
Where is this duplex located?
The property is located at 194 S Pier Road Narragansett, RI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two one‑level residences; 1,728 square feet on a 0.35‑acre lot; Both units have central air conditioning and private laundry
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