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Kathleen Sposato

soldwithsposato@gmail.com +1(508) 523-8632

$849,900

Est. payment - /mo

4 Beds

4 Baths

2,862 SqFt

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Sat Jul 26, 11:00am - 12:30pm

Sun Jul 27, 11:00am - 12:30pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,862 sqft

Price per Sqft $296

MLS Listing ID 1390637

Bedrooms 4

Full Baths 2

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 2,862

Year Built 1987

Annual Tax Amount $9,156

Tax Year 2024

Lot Size 1.580 Acres

Acres 1.58

Property Sub-Type Multi Family

Property Description

Listing description: A rare investment opportunity in one of Middletown's most central and convenient locations. This well-maintained two-family property sits on over 1.5 acres, offering privacy on a pastoral setting, and strong potential for owner-occupancy or rental income. Each townhouse-style unit features 2 spacious bedrooms, 1.5 bathrooms, large living rooms, private rear decks, and generous unfinished basements with bulkheads, perfect for storage or future finishing. At 1,431 square feet per unit, the layout offers functional, comfortable living space with separate utilities. Tenants pay for heat, electricity, and Wi-Fi. Public sewer is connected, and the property is serviced by a private well. With leases in place through September 30, 2025, you have the flexibility to plan future occupancy or improvements. Set back from the road with ample parking and positioned between East and West Main Road, this is an ideal location for those seeking proximity to Middletown's amenities while enjoying a serene setting. Don't miss this rare duplex opportunity or potential condo conversion in the heart of Aquidneck Island.

Location

State RI

County Newport

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Attic, Tub Shower

Heating Baseboard, Gas, Hot Water, Oil, Zoned

Cooling None

Flooring Ceramic Tile, Hardwood, Laminate, Vinyl

Fireplaces Number 2

Fireplaces Type Masonry

Fireplace Yes

Appliance Dryer, Dishwasher, Gas Water Heater, Oven, Oil Water Heater, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Paved Driveway

Community Features Golf, Marina, Near Hospital, Near Schools, Recreation Area, Restaurant

Utilities Available Sewer Connected

Total Parking Spaces 8

Garage No

Building

Foundation Concrete Perimeter

Sewer Connected

Water Private, Well

Structure Type Drywall,Clapboard,Shingle Siding

New Construction No

Others

Senior Community No

Tax ID 223OLIPHANTLANEMDLT

Virtual Tour https://tour.RiLiving.com/223-Oliphant-Lane-Middletown-RI-02842

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Kathleen Sposato

+1(508) 523-8632

Broker | License ID: 9084437

Broker License ID: 9084437

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223 Oliphant LN Middletown, RI 02842

Kathleen Sposato

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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223 Oliphant LN