223 Oliphant Lane

Property Description

Listing description: 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.

Overview

Open House

7/26/2025 11:00AM - 12:30PM EDT

7/27/2025 11:00AM - 12:30PM EDT

Property Status

For Sale

Lot Size

1.58 Acres

MLS ID

1390637

Property Type

Multi-Family

Year Built

1987

Features & Amenities

Water Source

Private, Well

Utilites

Sewer Connected

Parking

No Garage

Heat Type

Baseboard, Gas, Hot Water, Oil, Zoned

Air Conditioning

None

Sewer

Connected

Substructure

Concrete Perimeter

Other Exterior Features

Paved Driveway

Sales Price

$849,900

Real Estate Tax

$9,156/yr

Browse My

Current Listings

For Sale
$3,950,000

2 Defenders Row, Newport, RI 02840
- 3 Beds
- 3 Baths
- 2,140 Sq.Ft.
For Sale

$2,500,000

85 Fairmount Street, Woonsocket, RI 02895
For Sale
$1,995,000

3070 Diamond Hill Road, Cumberland, RI 02864
- 7 Beds
- 12 Baths
- 14,060 Sq.Ft.
Pending
$1,850,000

45 Houston Avenue, Newport, RI 02840
- 4 Beds
- 3 Baths
- 2,381 Sq.Ft.
For Sale
$1,750,000

32 Catherine Street A, Newport, RI 02840
- 3 Beds
- 3 Baths
- 2,009 Sq.Ft.
Active Under Contract
$899,900

510 Westmoreland Lane, North Kingstown, RI 02874
- 4 Beds
- 3 Baths
- 3,810 Sq.Ft.
Pending
$899,000

186 Crompton Avenue, East Greenwich, RI 02818
- 4 Beds
- 3 Baths
- 3,704 Sq.Ft.
For Sale
$895,000

17 Dearborn Street, Newport, RI 02840
- 4 Beds
- 2 Baths
- 1,600 Sq.Ft.
For Sale
$895,000

17 Dearborn Street, Newport, RI 02840
- 4 Beds
- 2 Baths
- 1,600 Sq.Ft.
For Sale
$849,900

223 Oliphant Lane, Middletown, RI 02842
- 4 Beds
- 4 Baths
- 2,862 Sq.Ft.
For Sale
$795,000

109 Corey Lane, Middletown, RI 02842
- 3 Beds
- 3 Baths
- 1,856 Sq.Ft.
For Sale
$650,000

7 Antony Avenue, Bristol, RI 02809
- 3 Beds
- 2 Baths
- 1,763 Sq.Ft.
For Sale
$649,900

549 Aquidneck Avenue, Middletown, RI 02842
- 3 Beds
- 2 Baths
- 1,250 Sq.Ft.
For Sale
$595,000

14 Gladding Street, Bristol, RI 02809
- 4 Beds
- 1 Bath
- 1,092 Sq.Ft.
For Sale
$525,000

22 Reservoir Road, Coventry, RI 02816
- 4 Beds
- 3 Baths
- 1,793 Sq.Ft.
For Sale
$500,000

87 Cooke Street 2, Providence, RI 02906
- 2 Beds
- 1 Bath
- 1,110 Sq.Ft.
For Sale
$495,000

126 Fairfax Drive, Warwick, RI 02888
- 3 Beds
- 2 Baths
- 1,753 Sq.Ft.
For Sale
$495,000

5259 Old Post Road, Charlestown, RI 02813
- 4,485 Sq.Ft.
For Sale
$495,000

5259 Old Post Road, Charlestown, RI 02813
- 3 Beds
- 1 Bath
- 1,500 Sq.Ft.
Active Under Contract
$485,000

22 Malbone Road 4, Newport, RI 02840
- 2 Beds
- 1 Bath
- 944 Sq.Ft.
For Sale
$485,000

401 Bellevue Avenue 100, Newport, RI 02840
- 2 Beds
- 1 Bath
- 972 Sq.Ft.
For Sale
$470,000

16 King Road, Middletown, RI 02842
- 3 Beds
- 1 Bath
- 1,116 Sq.Ft.
For Sale
$350,000

68 Irene Boulevard, Woonsocket, RI 02895
- 2 Beds
- 1 Bath
- 1,513 Sq.Ft.
For Sale
$180,000

18 Tarklin Pond Drive, North Smithfield, RI 02896
- 2 Beds
- 2 Baths
- 962 Sq.Ft.
For Lease
$60,000/mo

1 Harbor View Drive, Newport, RI 02840
- 4 Beds
- 5 Baths
- 5,225 Sq.Ft.
For Lease
$40,000/mo

1 Harbor View Drive, Newport, RI 02840
- 4 Beds
- 5 Baths
- 5,225 Sq.Ft.
For Lease
$10,000/mo

1 Harbor View Drive, Newport, RI 02840
- 4 Beds
- 5 Baths
- 5,225 Sq.Ft.
Pending
$10,000/mo

31 Slocum Street, Newport, RI 02840
- 4 Beds
- 2 Baths
- 1,309 Sq.Ft.
For Lease
$8,000/mo

21 School Street 4, Newport, RI 02840
- 2 Beds
- 3 Baths
- 1,372 Sq.Ft.
For Lease
$8,000/mo

28 Dixon Street, Newport, RI 02840
- 4 Beds
- 3 Baths
- 2,000 Sq.Ft.
For Lease
$8,000/mo

58 Ridge Road, Newport, RI 02840
- 1 Bed
- 1 Bath
- 1,422 Sq.Ft.
For Lease
$6,500/mo

17 Mcallister Street, Newport, RI 02840
- 3 Beds
- 2 Baths
- 1,400 Sq.Ft.
For Lease
$6,000/mo

39 Simmons Street, Newport, RI 02840
- 2 Beds
- 2 Baths
- 1,088 Sq.Ft.
Pending
$6,000/mo

580 Thames Street A2, Newport, RI 02840
- 2 Beds
- 2 Baths
- 1,200 Sq.Ft.
For Lease
$5,500/mo

594 Thames Street, Newport, RI 02840
- 3 Beds
- 2 Baths
- 1,215 Sq.Ft.
For Lease
$5,000/mo

69 Connection Street, Newport, RI 02840
- 4 Beds
- 2 Baths
- 1,384 Sq.Ft.
For Lease
$4,200/mo

27 Red Cross Avenue, Newport, RI 02840
- 3 Beds
- 3 Baths
- 1,680 Sq.Ft.
For Lease
$3,900/mo

8 Cross Street 1, Newport, RI 02840
- 2 Beds
- 2 Baths
- 1,049 Sq.Ft.
For Lease
$3,800/mo

28 Dixon Street, Newport, RI 02840
- 4 Beds
- 3 Baths
- 2,000 Sq.Ft.
Pending
$3,650/mo

75 Charlotte Drive, East Greenwich, RI 02818
- 2 Beds
- 1 Bath
- 816 Sq.Ft.
For Lease
$3,500/mo

15 Cranston Avenue 20, Newport, RI 02840
- 2 Beds
- 2 Baths
- 1,540 Sq.Ft.
For Lease
$3,400/mo

21 School Street 4, Newport, RI 02840
- 2 Beds
- 3 Baths
- 1,372 Sq.Ft.
Pending
$3,400/mo

55 Douglas Avenue, Portsmouth, RI 02871
- 3 Beds
- 1 Bath
- 1,258 Sq.Ft.
For Lease
$3,400/mo

594 Thames Street, Newport, RI 02840
- 3 Beds
- 2 Baths
- 1,215 Sq.Ft.
For Lease
$3,300/mo

19 N Beacon Terrace, Middletown, RI 02842
- 3 Beds
- 2 Baths
- 1,835 Sq.Ft.
For Lease
$3,250/mo

45 2nd Street, Newport, RI 02840
- 2 Beds
- 2 Baths
- 866 Sq.Ft.
For Lease
$3,000/mo

54 Hillside Avenue, Tiverton, RI 02878
- 3 Beds
- 2 Baths
- 2,100 Sq.Ft.
For Lease
$3,000/mo

87 Cooke Street 2, Providence, RI 02906
- 2 Beds
- 1 Bath
- 1,110 Sq.Ft.
For Lease
$3,000/mo

90 Renfrew Avenue, Middletown, RI 02842
- 2 Beds
- 1 Bath
- 1,510 Sq.Ft.
For Lease
$2,850/mo

2958 East Main Road, Portsmouth, RI 02871
- 2 Beds
- 1 Bath
- 1,200 Sq.Ft.