223 Oliphant Ln Middletown, RI 02842
Estimated payment $5,384/month
Total Views
2,684
4
Beds
4
Baths
2,862
Sq Ft
$297
Price per Sq Ft
Highlights
- Marina
- 1.58 Acre Lot
- Attic
- Golf Course Community
- Wood Flooring
- 2 Fireplaces
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,156
Year Built
- Built in 1987
Home Design
- Shingle Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- 2,862 Sq Ft Home
- 2 Fireplaces
- Fireplace Features Masonry
- Attic
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Laminate
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 8 Parking Spaces
- No Garage
- Driveway
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- 200+ Amp Service
- Private Water Source
- Well
- Gas Water Heater
- Oil Water Heater
Additional Features
- 1.58 Acre Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 86
- Assessor Parcel Number 223OLIPHANTLANEMDLT
Community Details
Recreation
- Marina
- Golf Course Community
- Recreation Facilities
Additional Features
- 2 Units
- Restaurant
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 | $9,156 | $813,100 | $362,800 | $450,300 |
| 2023 | $6,415 | $509,500 | $240,000 | $269,500 |
| 2022 | $6,124 | $509,500 | $240,000 | $269,500 |
| 2021 | $6,124 | $509,500 | $240,000 | $269,500 |
| 2020 | $5,768 | $419,200 | $179,200 | $240,000 |
| 2018 | $5,764 | $419,200 | $179,200 | $240,000 |
| 2016 | $5,895 | $382,300 | $150,900 | $231,400 |
| 2015 | $5,750 | $382,300 | $150,900 | $231,400 |
| 2014 | $5,880 | $365,900 | $138,300 | $227,600 |
| 2013 | $5,748 | $365,900 | $138,300 | $227,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Pending | -- | -- | -- |
| 07/24/2025 07/24/25 | For Sale | $849,900 | +71.5% | $297 / Sq Ft |
| 03/13/2020 03/13/20 | Sold | $495,500 | -0.7% | $100 / Sq Ft |
| 02/12/2020 02/12/20 | Pending | -- | -- | -- |
| 01/10/2020 01/10/20 | For Sale | $499,000 | -- | $100 / Sq Ft |
Source: State-Wide MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $495,500 | None Available | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Stand Alone Refi Refinance Of Original Loan | |
| Open | $492,827 | FHA | |
| Closed | $486,524 | FHA | |
| Previous Owner | $125,500 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: State-Wide MLS
MLS Number: 1390637
APN: MIDD-000112-000000-000086
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