132 Maple Ave Middletown, RI 02842
Newport East NeighborhoodEstimated payment $6,141/month
6
Beds
2
Baths
2,848
Sq Ft
$342
Price per Sq Ft
Highlights
- Marina
- Wood Flooring
- Thermal Windows
- Golf Course Community
- Tennis Courts
- Ductless Heating Or Cooling System
About This Home
Unlock a steady stream of income with this turnkey two-family home located at 132 Maple Avenue in the desirable community of Middletown, Rhode Island. This fully rented property presents an exceptional opportunity for investors seeking a strong return on investment in a thriving rental market. Both units feature updated kitchens and stainless steel appliances, updated bathrooms with beautifully tiled showers, and in-unit laundry facilities for tenant convenience. Each unit enjoys its own private driveway, and tenants have access to the oversized yard, offering valuable outdoor living space. The upper unit also benefits from a back deck. Ideal location just minutes from beautiful beaches, schools, shopping, downtown Newport, and the Naval Station, making it highly attractive to a wide range of renters, including military personnel and academics.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,520
Year Built
- Built in 1980
Home Design
- Slab Foundation
- Vinyl Siding
- Plaster
Interior Spaces
- 2,848 Sq Ft Home
- 2-Story Property
- Thermal Windows
- Unfinished Basement
- Interior and Exterior Basement Entry
Kitchen
- Range Hood
- Dishwasher
- Disposal
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 6 Parking Spaces
- No Garage
- Driveway
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Gas
- Baseboard Heating
- 200+ Amp Service
- Gas Water Heater
Additional Features
- 0.38 Acre Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 25A
- Assessor Parcel Number 132MAPLEAVMDLT
Community Details
Overview
- 2 Units
- Two Mile Corner Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $18,000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,520 | $756,700 | $327,300 | $429,400 |
| 2023 | $4,526 | $359,500 | $169,000 | $190,500 |
| 2022 | $4,321 | $359,500 | $169,000 | $190,500 |
| 2021 | $4,321 | $359,500 | $169,000 | $190,500 |
| 2020 | $3,945 | $286,700 | $101,000 | $185,700 |
| 2018 | $3,942 | $286,700 | $101,000 | $185,700 |
| 2016 | $4,953 | $321,200 | $130,900 | $190,300 |
| 2015 | $4,831 | $321,200 | $130,900 | $190,300 |
| 2014 | $4,432 | $275,800 | $119,000 | $156,800 |
| 2013 | $4,333 | $275,800 | $119,000 | $156,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | For Sale | $975,000 | +27.0% | $342 / Sq Ft |
| 01/11/2023 01/11/23 | Sold | $768,000 | -9.6% | $239 / Sq Ft |
| 10/20/2022 10/20/22 | Price Changed | $849,999 | -8.1% | $264 / Sq Ft |
| 10/08/2022 10/08/22 | For Sale | $925,000 | 0.0% | $288 / Sq Ft |
| 08/24/2022 08/24/22 | Rented | $2,200 | 0.0% | -- |
| 08/12/2022 08/12/22 | Price Changed | $2,200 | -21.4% | $2 / Sq Ft |
| 08/03/2022 08/03/22 | For Rent | $2,800 | 0.0% | -- |
| 11/19/2021 11/19/21 | Sold | $500,000 | -16.5% | $156 / Sq Ft |
| 10/20/2021 10/20/21 | Pending | -- | -- | -- |
| 09/01/2021 09/01/21 | For Sale | $598,500 | -- | $186 / Sq Ft |
Source: State-Wide MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $760,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $500,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $375,000 | Purchase Money Mortgage | |
| Previous Owner | $228,000 | Unknown | |
| Previous Owner | $34,200 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: State-Wide MLS
MLS Number: 1385315
APN: MIDD-000108-N000000W-000025A
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