INNOVATE Real Estate
Multi Family at 17 Clara Lane, Narragansett
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43 photos

$950,000

17 Clara Lane
Narragansett, RI 02882
Listed by David Carty
Bedrooms
8
Bathrooms
4
Living area
N/A
Year built
1986

About this home

A rare opportunity to own a lovely duplex on a double lot in Bonnet Shores. Amazing for an investment property or as a family compound. Open, bright and functional homes with air conditioning, new flooring, and a superb rental history, with 4 bedrooms and 2 bathrooms in each duplex. Gross income for 2025 over $75,000 and one side is rented until the end of May 2027. Being sold as an LLC.

Property details

MLS #
1422211
Property type
Multi Family
Subdivision
Bonnet Shores
Status
Active
Days on market
2
On market date
September 1, 2026
Stories
2
Total bathrooms
4
Garage spaces
N/A
Parking spaces
8
Lot size
0.48 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Jamestown School-Melrose
3.02 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
245
Student:teacher ratio
10.7:1
District
Jamestown
Middle
Jamestown School-Lawn
3.07 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
193
Student:teacher ratio
9.7:1
District
Jamestown
High
South Kingstown High
4.12 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
861
Student:teacher ratio
12.0:1
District
South Kingstown

Walkability

Blended score for Narragansett's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

63
Walkable
out of 100
EPA National Walkability Index
13.0 / 20 -- Above average walkable
Google Places amenity density
60 / 100
Restaurants & cafes8
Grocery stores2
Parks1
Schools1
Transit stops11
Pharmacies3

Market position

How this listing compares to current activity in Narragansett, from live MLS data.

On the market 2 days -- 58 fewer days than Narragansett's current average of 60 days.
For reference, the median list price across 190 active listings in Narragansett right now is $799,950.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,871/mo
$190,000 down
$760,000 loan
Principal & interest$4,929
Property tax (est.)$792
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated September 3, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.