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$750,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1,986 Sq. Ft.
  • 0.51 Acres
  • 1 Car Garage
  • Updated 3 hours ago
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Set on a half-acre lot in the heart of Middletown, 481 Oliphant Lane is a great combination of space, location, and income-producing potential on Aquidneck Island. This 5-bedroom, 2-bath Colonial is minutes from Newport Vineyards, Newport National Golf Club, Wanumetonomy CC, local walking trails, and Middletown's beaches, with downtown Newport approximately 15 minutes away. A Transient Guest license is currently in place, creating an opportunity for legal short-term rental use and added flexibility as a primary residence, second home, or investment property. The first floor offers a spacious kitchen with a brick fireplace, living and dining areas, a full bathroom, and a large bedroom with an adjoining bonus room ideal for a home office, guest space, or additional living area. The second floor includes 4 additional bedrooms, a full bathroom, and original built-ins that add to the home's classic New England character. The property provides a large yard, ample off-street parking, a detached one-car garage, and an additional storage shed, offering plenty of room for year-round or seasonal living. With convenient access to Newport, Portsmouth, the Naval Station Newport, NUWC, beaches, golf courses, vineyards, and the broader Aquidneck Island community, 481 Oliphant Lane is well positioned for buyers seeking a spacious Middletown home with short-term rental potential in a central location.

Full Property Details for 481 Oliphant Ln

General

  • Price: $750,000
  • Taxes: $6,505 (2026)
  • Status: Active
  • Type: Single Family
  • Source: STWMLS
  • MLS ID: 1421417
  • Updated: Today (8/24/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 9
  • Interior Features: Tub Shower
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Masonry
  • Appliances: Dryer, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Exterior

  • Exterior Features: Deck, Porch
  • Porch/Patio/Deck: Deck, Porch

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Total Spaces: 9
  • Parking Features: Detached, Garage

Location

  • County: Newport
  • Subdivision: Oliphant

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Hot Water, Oil, Zoned

Utilities

  • Sewer: Connected, Public Sewer
  • Water: Connected, Public
  • Utility Description: Sewer Connected

Structural Information

  • Architectural Style: Colonial
  • Detached/Attached: Detached
  • Construction: Drywall, Plaster, Clapboard, Shingle Siding, Wood Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Stories/Levels: 2
  • Building Size: 1986
  • Square Feet: 1,986
  • Living Area: 1,986 Sq. Ft.
  • Finished Total: 1,986 Sq. Ft.
  • Finished Above Grnd: 1,986 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.51
  • Lot Size (Sq. Ft.): 22,216
  • Lot Size: 22216

Financial Considerations

  • Tax Amount: $6,505.32
  • Tax Year: 2026

Disclosures and Reports

  • Inclusions: Property has valid lead certificate and Transient Guest License with town of Middletown.
  • Property ID: 481OLIPHANTLANEMDLT
  • Lot Number: 36

Listed by RE/MAX Results

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NMLS#: 1598647

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Schools serving 481 Oliphant Ln

School District:Middletown School District
NameGradesDistance
Forest Avenue School
315 Forest Avenue, Middletown, RI 02842
K-30.9 mi
Joseph Gaudet Academy
1113 Aquidneck Avenue, Middletown, RI 02842
4-1.1 mi
Joseph H. Gaudet School
1113 Aquidneck Avenue, Middletown, RI 02842
5-81.1 mi
Middletown High School
130 Valley Road, Middletown, RI 02842
9-121.3 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 481 Oliphant Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/24/2026
Listed
$750,000
53.85%
MLS
5/26/2021
Sold
$487,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 481 Oliphant Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,751
5%
$572,600
—
2024
$6,447
26%
$572,600
41%
2023
$5,112
5%
$406,000
—
2022
$4,880
-16%
$406,000
—
2021
$5,839
—
$406,000
24%
2021
$5,839
30%
$326,200
—
2018
$4,485
-1%
$326,200
11%
2016
$4,513
3%
$292,700
—
2015
$4,402
-1%
$292,700
5%
2014
$4,469
2%
$278,100
—
2013
$4,369
—
$278,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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481 Oliphant Lane, Middletown, RI 02842 (MLS# 1421417) is a Single Family property with 5 bedrooms and 2 full bathrooms. 481 Oliphant Lane is currently listed for $750,000 and was received on August 24, 2026. Want to learn more about 481 Oliphant Lane? Do you have questions about finding other Single Family real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.

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