15 Black Alder Trail Narragansett

$819,000
4 2 1,724 sq ft

The Property

Coastal Home with Proven Rental Income – Narragansett

Well-maintained 1,724 sq ft coastal home located in Narragansett, approximately half a mile from the community beach. The light-filled interior features an open-concept living and kitchen area with hardwood floors and energy-efficient mini-split heating and cooling. New roof, driveway, and Mini split system installed in 2021, and updated Trex deck in 2024.

The main level includes an open Kitchen/Living area, 2 bedrooms and a full bathroom.

The lower level offers 2 additional bedrooms, a recreation room, full bathroom, and laundry/utility room, providing flexible living space.

Situated on a 5,998 sq ft lot, the property includes access to community amenities such as a beach area, clubhouse, playground, boat launch, and access to the Narrow River for kayaking and boating. The home is connected to town water and sewer and offers both oil hot water heat and mini-split climate control with individual room temperature settings.

The property has a strong rental history, generating consistent summer rental income, and currently has a signed lease for the 2026–2027 academic year.

Conveniently located approximately 4 miles from Narragansett Town Beach and the Pier and about a 10-minute drive to Newport and Jamestown, offering access to coastal recreation, dining, and shopping.

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Listing Details

MLS Number

1406795

Lot Size:

0.14 acres

Features

  • Highway Access
  • Schools
  • Deck
  • Heating: Electric, Oil, Baseboard, Heat Pump
  • Heating Fuel: Electric, Oil, Baseboard, Heat Pump
  • Wooded
  • Type: Raised Ranch
  • Year Built: 2001

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Market Trends for Single Family Homes
in Narragansett

  • Overview
    Homes for Sale Today36-96.6% decrease in inventory
    New on Market *2140% increase in new listings
    Avg. Asking Price/Sq.Ft. *$1,157.92$366 increase in List Price/Sq.Ft.
    Avg. Sale Price *$846,682$392,722 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *95.83%3% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$1,077.33$30 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *8912 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

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