Date
Details
Price
Change
Source
3/26/2026
Listed
$850,000
—
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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- Open House: 10:30 AM - 12:00 PM
Saturday 3/28 10:30 AM - 12:00 PM
5 Shangri La Lane,Middletown, RI 028425 Shangri La LaneMiddletownRI02842
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Property Description
Exceptional investment and lifestyle opportunity in a prime Middletown location just over a mile to the beach and an easy walk to vibrant Broadway. This well-maintained duplex features two 2-bedroom, 1-bath townhouse-style units, offering flexibility for investors and owner-occupants alike. One unit is a grandfathered, registered short-term rental a rare and highly desirable asset in Middletown ideal for Airbnb/VRBO income. This unit will convey fully furnished and equipped as pictured, right down to the fully stocked owner's closet. The second unit will be delivered vacant, providing the perfect setup for an owner-occupant, long-term tenant, or seasonal rental. Both units have been thoughtfully updated with newly remodeled kitchens featuring stainless steel appliances and butcher block countertops, along with recently renovated bathrooms. Additional recent upgrades include new exterior doors/ storm doors and replacement windows by Renewal by Andersen, new insulation in walls and attic (2024), a new hot water heater, and a new 6' privacy fence that creates separate backyard spaces for each unit. Additional highlights include handsome bluestone front steps, full unfinished basements with in-unit laundry, off-street tandem parking for each unit, and a strong rental history.
Full Property Details
Full Property Details for 5 Shangri-La Ln
General
- Price: $850,000
- Taxes: $6,876 (2025)
- Status: Active
- Type: Multi-Family
- Source: STWMLS
- MLS ID: 1406877
- Updated: Today (3/26/2026)
- Added to Site: Today
Interior
- Number of Rooms: 12
- Interior Features: Attic, Interior Steps, Tub Shower, Furnished
- Fireplace(s): None
- Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Ceramic Tile, Hardwood, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Unit
Additional Information
- Tennis: Yes
Parking
- Total Spaces: 4
- Parking Features: No Garage
Location
- County: Newport
- Subdivision: Boulevard
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Connected
- Water: Connected, Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Architectural Style: Side By Side
- Detached/Attached: Detached
- Construction: Drywall, Vinyl Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
- Stories/Levels: 2
- Building Size: 1728
- Finished Total: 1,728 Sq. Ft.
- Finished Above Grnd: 1,728 Sq. Ft.
- Year Built: 1944
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size: 6970
- Fencing (Description): Fenced
Financial Considerations
- Operating Expenses: $19,500
- Tax Amount: $6,876
- Tax Year: 2025
Disclosures and Reports
- Property ID: 57SHANGRILALANEMDLT
- Block: NE
- Lot Number: 21
Listed by REMAX Revolution
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Schools
Schools serving 5 Shangri-La Ln
School District:Middletown School District
| Name | Grades | Distance |
|---|---|---|
Aquidneck School 70 Reservoir Road, Middletown, RI 02842 | PK-3 | 1 mi |
Joseph Gaudet Academy 1113 Aquidneck Avenue, Middletown, RI 02842 | 4- | 1.5 mi |
Joseph H. Gaudet School 1113 Aquidneck Avenue, Middletown, RI 02842 | 5-8 | 1.5 mi |
Middletown High School 130 Valley Road, Middletown, RI 02842 | 9-12 | 1.1 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 5 Shangri-La Ln
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- Multi-Family
- Active
- Updated 6 hours ago
- 2Units
- 4Total Beds
- 0.15Acres
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- Single Family
- Active
- Updated 10 hours ago
- 2Beds
- 1Total Bath
- 1,302Sq. Ft.
- Single Family
- Active
- Updated 12 hours ago
- 3Beds
- 2Total Baths
- 2,158Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 2,016Sq. Ft.
- Condo
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,126Sq. Ft.
- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 4Total Baths
- 2,302Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 2,800Sq. Ft.
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- Single Family
- Closed
- Updated 9 days ago
- 6Beds
- 4Total Baths
- 4,312Sq. Ft.
5 Shangri La Lane, Middletown, RI 02842 (MLS# 1406877) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 5 Shangri La Lane is currently listed for $850,000 and was received on March 26, 2026. Want to learn more about 5 Shangri La 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.