223 Oliphant Lane, Middletown, RI 02842 - Photo 1

1/1

$825,000

Sold
Closed
Multi-Family
2 Units
4 Total Beds
1.58 Acres

1/1

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.

Full Property Details

Full Property Details for 223 Oliphant Ln

General

Sold For: $825,000
Taxes: $9,156 (2024)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1390637
Added to Site: 254 day(s) ago

Interior

Number of Rooms: 8
Interior Features: Attic, Interior Steps, Tub Shower
Fireplace: Yes
Number of Fireplaces: 2
Fireplace(s): Masonry
Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Oil Water Heater, Range, Refrigerator, Washer
Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 2
Half Bathrooms: 2

Bedrooms

Total Bedrooms: 4

Other Rooms

Laundry: In Unit

Exterior

Exterior Features: Paved Driveway

Parking

Total Spaces: 8
Parking Features: No Garage

Location

County: Newport

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard, Gas, Hot Water, Oil, Zoned

Utilities

Sewer: Connected
Water: Private, Well
Well: Yes
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Drywall, Clapboard, Shingle Siding
Basement: Yes
Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
Stories/Levels: 0
Building Size: 2862
Finished Total: 2,862 Sq. Ft.
Finished Above Grnd: 2,862 Sq. Ft.
Year Built: 1987

Lot Features

Lot Size (Acres): 1.58
Lot Size (Sq. Ft.): 68,825
Lot Size: 68825

Financial Considerations

Tax Amount: $9,156
Tax Year: 2024

Disclosures and Reports

Property ID: 223OLIPHANTLANEMDLT
Lot Number: 86

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Sold by RE/MAX Results

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Schools

Schools serving 223 Oliphant Ln

School District:Middletown School District

Name	Grades	Distance
Middletown High School 130 Valley Road, Middletown, RI 02842	9-12	1.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 223 Oliphant Ln

Date

Details

Price

Change

Source

9/02/2025

Sold

$825,000

-2.93%

MLS

7/24/2025

Listed

$849,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths
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Beds
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Total Baths
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Beds
2
Total Baths
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223 Oliphant Lane, Middletown, RI 02842 (MLS# 1390637) is a Multi-Family property that was sold at $825,000 on September 02, 2025. Want to learn more about 223 Oliphant Lane? Do you have questions about finding other Multi-Family real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.

223 Oliphant Ln Middletown, RI 02842