$877,500
UNDER CONTRACT

40 Indian Terrace Middletown, RI 02842

Estimated payment $5,235/month

Total Views 1,350
4 Beds
3 Baths
2,032 Sq Ft
$432 Price per Sq Ft

Highlights

  • Golf Course Community
  • Wood Flooring
  • 3 Fireplaces
  • Wood Burning Stove
  • Attic
  • Walking Distance to Water

About This Home

Nestled in one of Middletown's most picturesque areas, this single-story bungalow offers a rare combination of privacy and location. Set on a secluded lot surrounded by mature trees, the home provides a serene retreat while still being just a short walk to Pebble Beach on Indian Avenue. A legal 2 family, this property has endless potential as a year-round residence, vacation home, or investment opportunity. Its peaceful setting and proximity to the coastline make it a unique chance to create your dream home in one of Aquidneck Island's most desirable neighborhoods.

Listing Agent

Jennifer Pierik

Jamestown Real Estate LLC License #REB.0016763 Listed on: 09/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,993

Year Built

  • Built in 1957

Lot Details

  • 0.51 Acre Lot
  • Fenced

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,032 Sq Ft Home
  • 1-Story Property
  • Skylights
  • 3 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Fireplace Features Masonry
  • Crawl Space
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 40INDIANTERMDLT

Community Details

Overview

  • 2 Units
  • Pebble Beach Subdivision

Recreation

  • Golf Course Community

Building Details

  • Operating Expense $5,855

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,993

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.51
  • Subdivision Name: Pebble Beach
  • Above Grade Finished Sq Ft: 2032.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1957
  • Special Features: 4224

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Insert, Masonry, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Storage, Skylights, Stall Shower, Tub Shower, Wood Burning Stove
  • Stories: 1
  • Window Features: Skylight(s)

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Near Schools
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 22216.0
  • Parcel #: 40INDIANTERMDLT
  • Zoning: R40

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 5855.0

Tax Info

  • Tax Annual Amount: 6993.0
  • Tax Lot: 40
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $8,687 $771,500 $468,100 $303,400
2023 $6,255 $496,800 $313,500 $183,300
2022 $5,972 $496,800 $313,500 $183,300
2021 $5,972 $496,800 $313,500 $183,300
2020 $6,144 $446,500 $272,600 $173,900
2018 $6,139 $446,500 $272,600 $173,900
2016 $6,421 $416,400 $259,200 $157,200
2015 $6,263 $416,400 $259,200 $157,200
2014 $7,077 $440,400 $303,100 $137,300
2013 $6,919 $440,400 $303,100 $137,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 For Sale $877,500 -- $432 / Sq Ft
Source: State-Wide MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,000 --
Warranty Deed $134,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $25,000 Credit Line Revolving
Open $260,000 No Value Available
Closed $25,000 No Value Available
Source: Public Records

Source: State-Wide MLS

MLS Number: 1396167

State-Wide MLS

APN: MIDD-000129-000000-000040

Rhode Island Newport County Middletown 02842

40 Indian Terrace, Middletown, RI

This home is located at 40 Indian Terrace, Middletown, RI 02842 and is currently priced at $877,500, approximately $431 per square foot. This property was built in 1957. 40 Indian Terrace is a home located in Newport County with nearby schools including Middletown High School, The Pennfield School, and St George's School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
Jennifer Pierik
Section Image
Jamestown Real Estate LLC
(401) 250-8918