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.
- RI
- Middletown
- 02842
- 223 Oliphant Lane
- 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
Public • PK - PK • Serves this home
2.17 mi
Distance
Public • 6 - 8 • Serves this home
1.83 mi
Distance
Public • 9 - 12 • Serves this home
1.86 mi
Distance
Public • PK - PK • Serves this home
2.17 mi
Distance
Claiborne Pell Elementary School
Public • PK - 4
3.05 mi
Distance
Public • PK - 3
3.82 mi
Distance
Public • PK - 4
4.33 mi
Distance
Public • PK - 4
8.15 mi
Distance
Public • 6 - 8 • Serves this home
1.83 mi
Distance
Public • 4 - 5
1.83 mi
Distance
Public • 5 - 8
2.22 mi
Distance
Frank E. Thompson Middle School
Public • 5 - 8
5.19 mi
Distance
Public • 5 - 8
8.15 mi
Distance
Public • 9 - 12 • Serves this home
1.86 mi
Distance
Newport Area Career And Technical Center
Public • 9 - 12
7.33 mi
Distance
Public • 9 - 12
7.33 mi
Distance
Public • 9 - 12
7.65 mi
Distance
Private • 09 - 12
4.92 mi
Distance
Private • 09 - 12
6.3 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price |
|---|---|---|---|---|
| 807 Union Street | 3 | 2 | Oct 28, 2025 | $675,000 |
| 87 Dianne Avenue | 4 | 3 | Oct 17, 2025 | $1,075,000 |
| 999 AQUIDNECK Avenue | 2 | 1 | Nov 20, 2025 | $229,900 |
| 39 PEACEFUL Way | 4 | 3 | Nov 20, 2025 | $495,000 |
| 198 JEPSON Lane | 3 | 1 | Nov 20, 2025 | $399,000 |
| 31 J. H. DWYER Drive | 4 | 3 | Nov 20, 2025 | $435,000 |
| 16 SLATE Lane | 3 | 2 | Nov 20, 2025 | $325,000 |
| 52 PEQUOT Lane | 3 | 3 | Nov 20, 2025 | $485,000 |
| 3 COLONY Drive | 2 | 1 | Nov 20, 2025 | $225,000 |
| 255 FOREST Avenue | 4 | 2 | Nov 20, 2025 | $269,000 |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 16,315 | 16,326 | 85,887 | 335,858,263 |
| Population Density | 1,298 | 1,284 | 839 | 95 |
| People per Household | 2.3 | 2.3 | 2.3 | 2.6 |
| Median Age | 45.1 | 45.1 | 45.5 | 39.1 |
| Median Income | $77,223 | $77,253 | $84,536 | $66,222 |
| Average Income | $42,117 | $42,094 | $49,569 | $35,475 |
| Cost of Living Index | 99 | 99 | 99 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 22.6°F | 22.6°F | 22.6°F | 22.6°F |
| July Avg. High Temp | 77.6°F | 77.6°F | 77.6°F | 86.2°F |
| Annual Precipitation | 46" | 46" | 46" | 38" |
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
Points of Interest near 223 Oliphant Lane, Middletown, RI 02842
0.36 mi
Distance
0.4 mi
Distance
0.41 mi
Distance
0.42 mi
Distance
0.37 mi
Distance
0.37 mi
Distance
0.38 mi
Distance
0.4 mi
Distance
0.4 mi
Distance
0.41 mi
Distance
0.42 mi
Distance
0.37 mi
Distance
0.38 mi
Distance
0.4 mi
Distance
0.23 mi
Distance
0.4 mi
Distance
0.37 mi
Distance
0.37 mi
Distance
0.42 mi
Distance
0.27 mi
Distance
0.32 mi
Distance
0.38 mi
Distance
0.38 mi
Distance
Nearby Properties
-
$775,000 Active0 bds • 0 ba • 3,057 sqft
1120 Aquidneck Avenue, Middletown, RI 02842
Prime opportunity on Aquidneck Avenue! This 3,056 sq ft commercial building sits on a 15,126 sq ft lot in Middletown's Limited Business (LBA) zone, offering flexibility for a wide range of uses. Most recently utilized as a professional office, the pr...Listing by: The Hadfield Group - Hogan Associates Christie's -
$799,000 Active3 bds • 3 ba • 2,633 sqft
68 Rebels Way, Portsmouth, RI 02871
JUST REDUCED TO $799,000 - Seller Motivated! Great center unit at Prescott Point with east-to-west light flooding every room. Vaulted ceilings, open concept living, first-floor primary suite with luxury bath and custom closets. Kitchen features grani...Listing by: Tracy LeRoux - Link Real Estate -
$950,000 Active4 bds • 2 ba • 2,655 sqft
1 Shangri-La Lane 3, Middletown, RI 02842
Completely renovated from top to bottom, this impressive side-by-side duplex offers a perfect balance of modern design, comfort, and versatility ideal for both owner-occupants and savvy investors alike. Ideally located just off Boulevard, less than 3...Listing by: Natalie Hurney - Residential Properties Ltd. -
$869,000 Active4 bds • 4 ba • 2,675 sqft
1533 East Main Road, Portsmouth, RI 02871
Lovingly maintained and never before offered for sale, this well-cared-for three-family property presents an exceptional opportunity for owner-occupants or investors alike. Situated on East Main Road, this home offers single-level living across all u...Listing by: Fitzpatrick Team - RE/MAX Results -
$849,900 Active3 bds • 3 ba • 2,963 sqft
1994 East Main Road, Portsmouth, RI 02871
Are you a creative visionary or savvy investor searching for the perfect property to bring your ADU, studio or home office dreams to life? This classic Cape blends charm with thoughtful updates and flexible spaces! Lovingly updated over the years, th...Listing by: Tammy Bass - Serhant Rhode Island -
$865,000 Active3 bds • 3 ba • 2,824 sqft
129 Lawrence Drive, Portsmouth, RI 02871
Nestled on a picturesque 1-acre setting, this gracious Colonial-style residence offers an exceptional blend of timeless architecture and modern sophistication. Boasting 2,824 sq ft of refined living space, this meticulously maintained 3-bedroom, 2.5-...Listing by: Christine Xavier - Keller Williams South Watuppa -
$865,000 Active3 bds • 3 ba • 2,824 sqft
129 Lawrence Dr, Portsmouth, RI 02871
Nestled on a picturesque 1-acre setting, this gracious Colonial-style residence offers an exceptional blend of timeless architecture and modern sophistication. Boasting 2,824 sq ft of refined living space, this meticulously maintained 3-bedroom, 2.5-...Listing by: -
$874,900 Active3 bds • 2 ba • 3,216 sqft
398 Sampan Avenue, Jamestown, RI 02835
Well maintained open plan ranch style property with attached two car garage on a large corner lot with usable rear yard with, deck, patio (with awing) and shed in desirable neighborhood. Enter the living room into a grand open plan living space fille...Listing by: Robert Simone - Better Living Real Estate, LLC -
$750,000 Active Under Contract3 bds • 3 ba • 2,485 sqft
244 Turnpike Avenue, Portsmouth, RI 02871
Imagine summer afternoons lounging by the pool, evenings on the deck with friends and morning walks to the to the park..all are possible from this Portsmouth oasis! Built in 2016, this freshly painted Colonial offers hardwood floors throughout much o...Listing by: Tammy Bass - Serhant Rhode Island & Lila Delman Compass -
$850,000 Active4 bds • 3 ba • 2,865 sqft
20 Borden Farm Road, Portsmouth, RI 02871
Step into this spacious and beautifully updated farmhouse that offers the perfect blend of rustic charm and modern upgrades. The 1st floor features an updated kitchen with granite countertops, a bright sunroom with a wall of windows and a formal dini...Listing by: Joy Gilkeson - Keller Williams Coastal -
$850,000 Active4 bds • 3 ba • 2,865 sqft
20 Borden Farm Rd., Portsmouth, RI 02871
Step into this spacious, beautifully updated farmhouse that offers the perfect blend of rustic charm & modern upgrades. 1st floor features an updated kitchen with granite countertops, sunroom with a wall of windows on one side (an ideal spot to enjoy...Listing by: -
$800,000 Active0 bds • 0 ba • 2,500 sqft
15 Point Road, Portsmouth, RI 02871
Exceptional opportunity to own a free-standing waterfront restaurant in desirable Portsmouth, RI. Business only - real estate not included (See MLS #1399145 for both business and real estate). This thriving, turnkey establishment comes fully furnish...Listing by: Mike Sweeney - Gustave White Sotheby's Realty -
$875,000 Active3 bds • 4 ba • 2,448 sqft
471 Annaquatucket Road, North Kingstown, RI 02852
One level living on over half an acre a short distance to Wickford Village! This spacious ranch has been meticulously updated on both levels. Beautifully restored in-ground pool area with landscaping, hardscaping and many intimate gathering spots f...Listing by: Dianne Grippi - Residential Properties Ltd. -
$795,000 Active3 bds • 3 ba • 2,442 sqft
75 Walnut Road, North Kingstown, RI 02852
Thoughtfully redesigned home on a beautiful corner lot, offering seasonal water views in desirable Mill Cove. With nearly 2,500 square feet of living space, 3 4 bedrooms, & potential in-law space, there's room for everyone to spread out and enjoy. Th...Listing by: The DiSpirito Team - Engel & Volkers Oceanside -
$799,000 Active7 bds • 4 ba • 2,436 sqft
2 Chilton Street, Bristol, RI 02809
**Offer Deadline Monday 11/24 at 5pm**Truly amazing investment opportunity to own a FOUR-unit multi-family in the heart of Bristol off Franklin St! This property offers flexibility with two 1 bedrm /1 ba units, one 3 br/1 ba (could be up to four bedr...Listing by: Kelly White - Redfin Corporation -
$899,900 Active5 bds • 3 ba • 3,141 sqft
185 Stafford Road, Tiverton, RI 02878
Welcome to 185 Stafford Rd, Tiverton, RI, a rare and versatile opportunity for investors or owner-occupants! Situated on 11 acres, this property features two single-family homes on one lot with possible subdivision potential. The main home offers 3 b...Listing by: Kimberly Silva - Revolv Real Estate -
$875,000 Active3 bds • 3 ba • 2,476 sqft
1081 Mooresfield Road, South Kingstown, RI 02879
Set on nearly an acre of lush, manicured grounds, this custom-built colonial feels like a private retreat, blending timeless design with thoughtful modern updates. With 3 bedrooms and 2.5 baths, the home has been meticulously maintained and enhanced...Listing by: The Local Group - Lila Delman Compass -
$799,000 Active5 bds • 3 ba • 2,520 sqft
612 Warwick Neck Avenue, Warwick, RI 02889
This charming Colonial with Victorian flair is beautifully renovated to blend historic character with modern amenities. Set on a quiet stonewalled corner lot walking distance to the ocean this charming home is ready for immediate occupancy. You'll fi...Listing by: Michael Russo - RI Real Estate Services -
$739,000 Active Under Contract2 bds • 3 ba • 2,530 sqft
180 South Road, East Greenwich, RI 02818
Motivated Seller Bring Offers! ~Pristine End-Unit Townhome Overlooking Golf Course~ This beautifully maintained spacious home is perfectly positioned on the fairways of Kings Crossing Golf Course. As you enter the inviting foyer the interior offer...Listing by: Lisa Robertus Poole - Premiere Properties, Inc & Premiere Properties, Inc -
$900,000 Active4 bds • 3 ba • 2,731 sqft
15 Ezechiel Carre Road, East Greenwich, RI 02818
Early Black Friday Special! For two weeks only the sellers will accept $900,000 for this beautiful home. That's a $50,000 reduction. Be in your new home by Christmas! Don't miss out on this opportunity! A beautifully maintained Garrison Colonial in...Listing by: Les Ingalls - Baker Realty Group
Similar Priced Comparison
-
$775,000 Active5 bds • 2 ba • 1986 sqft
481 Oliphant Lane
- Home smaller by 876 sqft
- Lot smaller by 46,610 sqft
- Older by 87 years
Listing by: Timothy Smith - RE/MAX Profnl. Newport, Inc. -
$725,000 Active3 bds • 2 ba • 2213 sqft
6 Wabasso Terrace
- Home smaller by 649 sqft
- Lot smaller by 36,591 sqft
- Older by 29 years
Listing by: Harbor to Hill Real Estate Team - Warner Realty Group -
$775,000 Activebds • 0 ba • 3057 sqft
1120 Aquidneck Avenue
- Home larger by 195 sqft
- Lot smaller by 53,699 sqft
- Older by 19 years
Listing by: The Hadfield Group - Hogan Associates Christie's -
$799,000 Active3 bds • 3 ba • 2633 sqft
68 Rebels Way
- Home smaller by 229 sqft
- Lot smaller by 68,825 sqft
- Newer by 28 years
Listing by: Tracy LeRoux - Link Real Estate -
$725,000 Active3 bds • 2 ba • 1739 sqft
74 Valley Road
- Home smaller by 1,123 sqft
- Lot smaller by 58,806 sqft
- Older by 37 years
Listing by: The Chad Kritzas Team - HomeSmart Professionals -
$810,000 Activebds • 0 ba • 1739 sqft
74 Valley Road
- Home smaller by 1,123 sqft
- Lot smaller by 58,806 sqft
- Older by 37 years
Listing by: The Chad Kritzas Team - HomeSmart Professionals -
$789,000 Active3 bds • 3 ba • 1730 sqft
278 Freedom Trail Drive
- Home smaller by 1,132 sqft
- Lot smaller by 59,881 sqft
- Newer by 38 years
Listing by: Tracy DUFF - Keystone Realty Inc. -
$789,000 Active3 bds • 3 ba • 1730 sqft
278 Freedom Trail Drive
- Home smaller by 1,132 sqft
- Lot smaller by 59,881 sqft
- Newer by 38 years
Listing by: Tracy DUFF - Keystone Realty Inc. -
$799,000 Active3 bds • 3 ba • 1597 sqft
294 Freedom Trail Drive
- Home smaller by 1,265 sqft
- Lot smaller by 59,220 sqft
- Newer by 38 years
Listing by: Tracy DUFF - Keystone Realty Inc. -
$650,000 Active Under Contract3 bds • 2 ba • 1747 sqft
67 Linden Street
- Home smaller by 1,115 sqft
- Lot smaller by 60,549 sqft
- Older by 29 years
Listing by: Meredith LeBlanc - Hogan Associates Christie's & HomeSmart Professionals -
$649,000 Active2 bds • 2 ba • 1188 sqft
318 Corey Lane
- Home smaller by 1,674 sqft
- Lot smaller by 68,825 sqft
- Older by 1 years
Listing by: Stephanie Guinan - RE/MAX Profnl. Newport, Inc. -
$849,999 Active3 bds • 2 ba • 1521 sqft
310 Corey Lane
- Home smaller by 1,341 sqft
- Lot smaller by 68,825 sqft
- Older by 1 years
Listing by: Fitzpatrick Team - RE/MAX Results -
$950,000 Activebds • 0 ba • sqft
149 W Main Road
- Home smaller by 2,862 sqft
- Lot smaller by 30,928 sqft
- Unknown year built
Listing by: Melissa Perdikakis - Weichert REALTORS-Atlantic Prp -
$950,000 Activebds • 0 ba • sqft
149 W Main Road
- Home smaller by 2,862 sqft
- Lot smaller by 30,928 sqft
- Unknown year built
Listing by: Melissa Perdikakis - Weichert REALTORS-Atlantic Prp -
$665,000 Active Under Contract3 bds • 2 ba • 1920 sqft
63 Clearview Avenue
- Home smaller by 942 sqft
- Lot smaller by 62,291 sqft
- Older by 30 years
Listing by: The Chad Kritzas Team - HomeSmart Professionals & RE/MAX Results -
$999,923 Activebds • 0 ba • sqft
1074 East Main Road
- Home smaller by 2,862 sqft
- Lot smaller by 58,825 sqft
- Older by 87 years
Listing by: Michael DiPaola - Premier Homes Realty, LLC -
$950,000 Active4 bds • 2 ba • 2655 sqft
1 Shangri-La Lane 3
- Home smaller by 207 sqft
- Lot smaller by 62,291 sqft
- Older by 43 years
Listing by: Natalie Hurney - Residential Properties Ltd. -
$849,900 Activebds • 0 ba • 3600 sqft
1627 West Main Road Road
- Home larger by 738 sqft
- Lot smaller by 48,352 sqft
- Older by 12 years
Listing by: Ted Newcomer - Realty Quarters -
$1,050,000 Active Under Contract4 bds • 3 ba • 2654 sqft
78 Cornelius Drive
- Home smaller by 208 sqft
- Lot smaller by 45,738 sqft
- Older by 1 years
Listing by: Fitzpatrick Team - RE/MAX Results & RE/MAX Results -
$699,923 Active3 bds • 1 ba • 1040 sqft
75 Buckwheat Avenue
- Home smaller by 1,822 sqft
- Lot smaller by 56,193 sqft
- Older by 16 years
Listing by: Michael DiPaola - Premier Homes Realty, LLC
Nearby Locations
Communities
- South Portsmouth Homes For Sale
- Downtown Portsmouth Homes For Sale
- Narragansett Pier Homes For Sale
- Quidnessett Homes For Sale
- North Tiverton Homes For Sale
- Oakland Beach Homes For Sale
- Gould Homes For Sale
- Longmeadow Homes For Sale
- Buttonwoods Homes For Sale
- Conimicut Homes For Sale
- Frenchtown Homes For Sale
- Cowesett Homes For Sale
- Greenwood Homes For Sale
- Palace Garden Homes For Sale
- Riverside Homes For Sale
- Crompton Homes For Sale
- Edgewood Homes For Sale
- Washington Park Homes For Sale
- Watchemocket Homes For Sale
- South Side Homes For Sale
Nearby Zips
- 02842 Homes For Sale
- 02840 Homes For Sale
- 02835 Homes For Sale
- 02871 Homes For Sale
- 02837 Homes For Sale
- 02878 Homes For Sale
- 02874 Homes For Sale
- 02852 Homes For Sale
- 02882 Homes For Sale
- 02724 Homes For Sale
- 02889 Homes For Sale
- 02721 Homes For Sale
- 02885 Homes For Sale
- 02790 Homes For Sale
- 02818 Homes For Sale
- 02806 Homes For Sale
- 02879 Homes For Sale
- 02723 Homes For Sale
- 02886 Homes For Sale
- 02777 Homes For Sale
Nearby Cities
- Newport East, RI Homes for Sale
- Newport, RI Homes for Sale
- Middletown, RI Homes for Sale
- Jamestown, RI Homes for Sale
- Portsmouth, RI Homes for Sale
- Little Compton, RI Homes for Sale
- Tiverton, RI Homes for Sale
- North Kingstown, RI Homes for Sale
- Narragansett, RI Homes for Sale
- Warren, RI Homes for Sale
- Westport, MA Homes for Sale
- Barrington, RI Homes for Sale
- Warwick, RI Homes for Sale
- East Greenwich, RI Homes for Sale
- South Kingstown, RI Homes for Sale
- North Westport, MA Homes for Sale
- Swansea, MA Homes for Sale
- Somerset, MA Homes for Sale
- Westport Factory, MA Homes for Sale
- Fall River, MA Homes for Sale
Similar Searches
- Middletown Land for Sale
- Middletown New Homes for Sale
- Middletown Single Story Homes for Sale
- Middletown Homes with Pools for Sale
- Middletown Cheap Homes for Sale
- Middletown Luxury Homes for Sale
- Middletown Condos for Sale
- Middletown Town Homes for Sale
- Middletown Commercial for Sale
- Middletown Open Houses for Sale
- Middletown Two Car Garage Homes for Sale
- Middletown Large Lots for Sale
- National Listings
- National Home Values
- Properties in RI
- Home Values in RI
- Other properties in Newport, RI
- Other properties in 02842, RI
- Home Values in Middletown, RI
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