1 Shangri-La Lane Middletown, RI $ 920,000
1 Shangri-La Lane
$ 920,000
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1 Shangri-La Lane

Middletown, RI, 02842
$ 920,000
Bedrooms4 Baths2.0 Sq 2,655

Monthly Estimate*

$ 5,740

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Multi-Family Home for sale in Middletown, RI

for $920,000 with 4 bedrooms and 2 full baths. This 2,655 square foot home was built in 1944 on a lot size of 0.15.

Completely renovated from top to bottom, this impressive side-by-side duplex offers a perfect balance of modern design, comfort, and versatility ideal for both owner-occupants and savvy investors alike. Ideally located just off Boulevard, less than 3 miles from First and Second Beach and only 1 mile from downtown Newport, it's a rare opportunity to own a fully updated property in one of Aquidneck Island's most desirable coastal neighborhoods. Each townhouse-style unit features two spacious bedrooms and one full bath, with open-concept layouts and brand-new full kitchens showcasing modern cabinetry, countertops, appliances, and lighting. Every surface has been refreshed with refinished hardwood floors, updated electrical and LED fixtures, and energy-efficient mini-split systems for year-round comfort. The improvements extend to the exterior with a new front fa ade, new interior and exterior doors, new walkways, new entry lighting, and fresh landscaping that enhance the home's curb appeal. Each unit also includes private patios, in-unit laundry, and full dry basements offering ample storage space. Set on a generous corner lot, the property provides off-street parking for up to five vehicles and a spacious backyard perfect for entertaining or relaxing outdoors. Move-in ready and minutes from beaches, shops, restaurants, and downtown Newport, this turnkey duplex delivers it all modern living, prime location, and excellent investment potential

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Multi-Family Active

Price

$ 920,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.15

Year Built

1944

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1399313

List By
Residential Properties Ltd.

Broker

nhurney@residentialproperties.com

Email

Affordability Calculator

$5,740
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Monthly Principal & Interest
$5,740
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
12/2/2025$920,000 -3.16% Price Down
11/6/2025$950,000 Listed Price

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1 Shangri-La Lane, Middletown, RI, 02842 is a Multi-Family Home for sale at $920,000 with 2,655 sqft and a lot size of 0.15. 1 Shangri-La Lane has 4 bedrooms, 2.0 baths, and was built in 1944. The property's zip code is 02842 which is in Middletown, RI