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Property 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

Property Status
Sold
Date Sold
September 2, 2025
Lot Size
1.58 Acres
MLS ID
1390637
Property Type
Multi-Family
Year Built
1987

Features & Amenities

Total Area
2,862 Sq.Ft.
Water Source
Private, Well
Utilities
Sewer Connected
Parking
No Garage
Heat Type
Baseboard, Gas, Hot Water, Oil, Zoned
Air Conditioning
None
Laundry Room
In Unit
Fireplace
Masonry
Appliances
Dryer, Dishwasher, Gas Water Heater, Oven, Oil Water Heater, Range, Refrigerator, Washer
Other Interior Features
Attic, Interior Steps, Tub Shower
Sewer
Connected
Substructure
Concrete Perimeter
Other Exterior Features
Paved Driveway
Sales Price
$825,000
Real Estate Tax
$9,156/yr

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223 Oliphant Lane

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for your interest in 223 Oliphant Lane, Middletown, RI 02842

223 Oliphant Lane
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