Search / Narragansett / 10 Melville Lane

Active · 0 days on market

$1,025,000

10 Melville Lane, Narragansett, RI 02882

5 bd · 3 ba · 1,874 sqft · built 1983

Listing courtesy of Flagship Real Estate Advisors, John Krekorian

About this home

Discover coastal living and proven rental income at 10 Melville Lane. Set within the desirable Eastward Look neighborhood, this spacious Raised Ranch offers 5 bedrooms, 3 full bathrooms, and 1,874sf +/- of comfortable living space. The flexible layout accommodates family, guests, or renters with ease. On the main level, experience a light-filled open floor plan across kitchen, living, and dining space. Down the hall, find 3 generously sized bedrooms, including the primary with ensuite bath. The lower level features 2 additional bedrooms and 1 full bath. Enjoy the upper deck overlooking a spacious, private backyard, perfect for outdoor entertaining. An outdoor shower makes rinsing off sandy feet effortless, and the attached 2 car garage plus ample off-street parking creates convenience and storage. Ideally located walking distance to Scarborough State Beach and neighborhood tennis & basketball courts, this property embraces the Narragansett lifestyle. Generating $64,646 in gross income in 2026 ($28,646 Summer,$36,000 Academic), continue its established rental success or make modern enhancements to unlock even greater return. Capital Improvements: Rheem heating system(2020),replacement roof (2021),and updated vinyl siding. Whether you’re seeking an established year-round rental income generator or a Summer escape by the beach with income that offsets ownership costs, 10 Melville is an opportunity you don’t want to miss. *Gross rental income history, 2025:$62,615, 2024:$62,734

Property facts

Property type
Single Family Residence
Style
Raised Ranch
Year built
1983
Living area (sq ft)
1,874
Above-grade finished (sq ft)
1,874
Below-grade finished (sq ft)
0
Lot size (acres)
0.23
Total rooms
9
Stories
1
Garage spaces
2
Total parking
6
Annual taxes
$5,008
Tax year
2026
Neighborhood
Eastward Look
County
Washington

Features

Heating
Natural Gas, Baseboard
Cooling
None
Basement
None, Unfinished
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Interior
Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
Fireplace
None
Parking
Attached, Integral
Construction
Dry Wall, Clapboard, Vinyl Siding
Utilities
Sewer Connected, Water Connected
Sewer
Public
Water
Public
Waterfront
Walk To Water
Community
Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis
Exterior
Deck
Lot
Paved Driveway

Location

MLS# 1426604 · Source: State-Wide Multiple Listing Service, Inc. · Listing courtesy of Flagship Real Estate Advisors

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