$849,900
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223 Oliphant Lane, Middletown, RI 02842

4 Beds
4 Baths
2,862 Sq Ft

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.

  • MLS# 1390637
  • Date Listed07/24/2025
  • Bedrooms 4
  • Bathrooms 2 Full baths, 2 Half baths
  • Lot Size 1.58 acres (68,825 sq. ft)
  • Property Type Multi Family
  • County Newport
  • Year Built 1987
  • Water Private, Well
  • Square Feet 2,862 sq. ft
  • Price Per Sq. Ft $296.96

Interior Features

  • Appliances Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Flooring Ceramic Tile, Hardwood, Laminate, Vinyl
  • Cooling None
  • Heating Natural Gas, Baseboard, Hot Water, Oil, Zoned

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 1.58
  • Lot Size SQFT 68,825.00
  • Lot Features -

Financial Considerations

  • Tax Amount $9,156
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in RI / 02842

Source: Walkscore

8/100

Car-Dependent

Walk Score ®

31/100

Bikable

Bike Score ®

Overview

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 3/100, Bike Score: 31/100.

Property Change History

Property description updated with new details
Agent added 1 new photo to the listing
4950 photos

Points of Interest near 223 Oliphant Lane, Middletown, RI 02842

Frequently Asked Questions for 223 Oliphant Lane

Source: Realty.com

223 Oliphant Lane, Middletown, RI 02842 is a Multi Family, Residential Income property listed for $849,900 The property is 2862 sq. ft with 4 bedrooms and 4 bathrooms

Realty.com has 50 photos of 223 Oliphant Lane.

Our records indicate that 223 Oliphant Lane was built in 1987.

The full address for this home is 223 Oliphant Lane, Middletown, RI 02842.

223 Oliphant Lane has been listed on Realty.com since Thu July 24, 2025

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 3/100, Bike Score: 31/100.

There are 3 schools assigned to this home. Check out the schools near 223 Oliphant Lane. The Pell @ Rogers High School (Grades: PK - PK), Joseph H. Gaudet School (Grades: 6 - 8), Middletown High School (Grades: 9 - 12)

Listing provided courtesy of: Re/max Results (tel: 401-848-7827)
Listing agent: Fitzpatrick Team (#33785)

This content last refreshed on 2025-11-25 10:31:06. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 223 Oliphant Lane, Middletown, RI 02842 : MLS# 1390637