1 Shangri-La Lane
Middletown, RI, 02842 $ 895,000
Bedrooms4 Baths2.0 Sq 2,655 Monthly Estimate*
$ 5,511
for $895,000 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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FeaturesGeneralSewer Connected Public Sewer
Heating Baseboard Ductless Electric Gas
Cooling Ductless
Utilities Sewer Connected
Possession Negotiable
Zoning R10
Garage Spaces 0
Construction Materials Drywall Plaster Vinyl Siding
Year Built 1944
Electric Item200AmpService Separate Meters
Tenant Pays Hot Water
Property Subtype Multi Family
Community Features Golf Highway Access Marina Near Hospital Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s)
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Fenner Ave
Garage Y/N false
Total Rooms 10
Full Baths 2
Status Active
City Middletown
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 6534
Land Lease Y/N false
Tax Annual Amount 0
Standard Status Active
Tax Assessed Value 264500
Tax Lot 19
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InteriorInterior Amenities Interior Steps Stall Shower
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Hardwood Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features In Unit
Total Bedrooms 4
Total Baths 2
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ExteriorParking Features No Garage
Water Source Public
Total Parking 0
Lot Size Area 6534
Foundation Details Combination
Number of Buildings 1
Building Area Total 2655
Lot Size Acres 0.15
Frontage Length 0
Covered Spaces 0
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* Excluded FeaturesList ByResidential Properties Ltd.Broker
nhurney@residentialproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,511
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Middletown, RI
Average List Price $1,717,980
Percent of Sale Price 92%
About Middletown, RI 16,354 Population
-6% Since 2002
$ 65,207 Median Income
44.62 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/5/2026 | $895,000 | -2.72% | Price Down |
| 12/2/2025 | $920,000 | -3.16% | Price Down |
| 11/6/2025 | $950,000 | | Listed Price |