$540,000
SOLD MAY 18, 2026

22 Ludlow Rd Middletown, RI 02842

4 Beds
2 Baths
1,426 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: May 18, 2026

$379 Per Sq Ft

2% Above List Price

23 Days on Market

Highlights

  • Marina
  • Community Pool
  • Window Unit Cooling System
  • Golf Course Community
  • Recreation Facilities
  • Bathtub with Shower

About This Home

As of May 2026

**OPEN HOUSE CANCELED** Looking for a smart move in the Ocean State? This fully updated duplex near Newport, Rhode Island, is the ultimate "choose your own adventure" property. Whether you're looking for a turnkey investment or a way to let your neighbors help pay your mortgage, this is the one. Located just minutes from Newport's world-class dining, iconic mansions, and those famous sandy beaches. It's the perfect home base for surfing at Second Beach, sunsets at Castle Hill, or sailing the harbor. Live in one, rent the other: House-hack your way to a tiny mortgage while enjoying a stylish, updated home. Pure Investment: With Newport's high rental demand, this is a "set it and forget it" addition to your portfolio. Seller reserves the right to accept an offer at any time.

Last Agent to Sell the Property

Michelle Saltmarsh

Lamacchia Realty, Inc License #RES.0043837 Listed on: 04/13/2026

Lamacchia Realty, Inc

Last Buyer's Agent

Michelle Saltmarsh

Lamacchia Realty, Inc License #RES.0043837 Listed on: 04/13/2026

Lamacchia Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,300

Year Built

  • Built in 1954

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,426 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 22LUDLOWRDMDLT

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities
  • Community Pool

Additional Features

  • 2 Units
  • Operating Expense $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,300

Year Built

Built in 1954

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Inclusions: $250. Garbage pick up fee
  • Above Grade Finished Sq Ft: 1426.0
  • Architectural Style: Side By Side
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1954
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Tub Shower
  • Stories: 1

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6970.0
  • Parcel #: 22LUDLOWRDMDLT
  • Zoning: R

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 50400.0

Tax Info

  • Tax Annual Amount: 4300.0
  • Tax Lot: 58
  • Tax Year: 2025

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2026
Closed on
May 15, 2026
Sold by
Bought by
Seller's Agent
Michelle Saltmarsh
Lamacchia Realty, Inc
Buyer's Agent
Michelle Saltmarsh
Lamacchia Realty, Inc
List Price
$529,900
Sold Price
$540,000
Premium/Discount to List
$10,100
1.91%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.53%
Original Mortgage
$540,000
Outstanding Balance
$539,508
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$18,078

Purchase Details

Listed on
Feb 22, 2022
Closed on
Apr 29, 2022
Sold by
Bought by
Seller's Agent
Louis Upham
Coldwell Banker Realty
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$420,000
Sold Price
$425,000
Premium/Discount to List
$5,000
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$340,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,100
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $540,000 --
Warranty Deed $425,000 None Available
Warranty Deed $77,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $540,000 Purchase Money Mortgage
Previous Owner $340,000 Purchase Money Mortgage
Previous Owner $64,500 No Value Available
Previous Owner $85,500 No Value Available
Previous Owner $92,000 No Value Available
Previous Owner $73,100 Purchase Money Mortgage
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2026 05/18/26 Sold $540,000 +1.9% $379 / Sq Ft
05/06/2026 05/06/26 Pending -- -- --
04/13/2026 04/13/26 For Sale $529,900 +24.7% $372 / Sq Ft
04/30/2022 04/30/22 Sold $425,000 +1.2% $298 / Sq Ft View Prior Sale
04/07/2022 04/07/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $420,000 -- $295 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,300 $364,700 $148,100 $216,600
2024 $4,107 $364,700 $148,100 $216,600
2023 $2,586 $205,400 $95,600 $109,800
2022 $2,469 $205,400 $95,600 $109,800
2021 $2,469 $205,400 $95,600 $109,800
2020 $2,522 $183,300 $83,100 $100,200
2018 $2,520 $183,300 $83,100 $100,200
2016 $2,609 $169,200 $71,100 $98,100
2015 $2,545 $169,200 $71,100 $98,100
2014 $2,658 $165,400 $77,500 $87,900
2013 $2,598 $165,400 $77,500 $87,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1409744

State-Wide MLS

APN: MIDD-000107-N000000E-000058

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