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223 Oliphant Lane

Middletown, RI 02842
  • $825,000
  • STATUS: Closed
  • ON SITE: 384 Days
  • MLS #: 1390637
Sold - 09/02/2025
$825,000
SOLD - 09/02/2025
  • 4
    BEDS
  • 1.58
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 2,862
    SQFT
  • $0
    $/SQFT
Type:
Multi-Family
Built:
1987
County:
Area:

School Ratings & Info

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.

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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-13T13:37:55.253.
www.lavonnelopes.com/homes/166222605
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223 Oliphant Lane Middletown, RI 02842

  • Price: $849,900
  • Status: Closed
  • On Site: 384 Days
  • Updated: 74 min ago
  • MLS #: 1390637
4
Beds
2
Baths
2
½ Baths
1.58
Acres
2,862
SQFT
$0
$/SQFT
1987
Built
County:
Newport
Area:
Middletown
Property 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.
Exterior Features

Construction Materials Drywall Clapboard Shingle Siding Covered Spaces 0 Exterior Features Paved Driveway Foundation Details Concrete Perimeter Garage YN No Parking Features No Garage Parking Total 8

Interior Features

Appliances Dryer Dishwasher Gas Water Heater Oven Oil Water Heater Range Refrigerator Washer Basement Exterior Entry Full Interior Entry Unfinished Basement YN Yes Cooling None Cooling YN No Fireplace Features Masonry Fireplace YN Yes Fireplaces Total 2 Flooring Ceramic Tile Hardwood Laminate Vinyl Heating Baseboard Gas Hot Water Oil Zoned Heating YN Yes Interior Features Attic Interior Steps Tub Shower

Property Features

Buyer Financing Conventional Community Features Golf Marina Near Hospital Near Schools Recreation Area Restaurant Electric 200+ Amp Service Circuit Breakers Human Modified YN Yes Land Lease YN No Laundry Features In Unit New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 9156 Tax Assessed Value 813100 Tax Lot 86 Tax Year 2024 Utilities Sewer Connected Water Source Private Well

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of RE/MAX Results: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-13T13:37:55.253.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886