1 Shangri-La Lane Middletown, RI $ 850,000
1 Shangri-La Lane
$ 850,000
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1 Shangri-La Lane

Middletown, RI, 02842
$ 850,000
Bedrooms4 Baths2.0 Sq 1,764

Monthly Estimate*

$ 5,234

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Multi-Family Home for sale in Middletown, RI

for $850,000 with 4 bedrooms and 2 full baths. This 1,764 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

$ 850,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,863

Style

Lot Size

0.15

Year Built

1944

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1409005

Features
General
Sewer 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 200+ Amp Service Separate Meters
Tenant Pays Hot Water
Property Subtype Multi Family
Tax Year 2025
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 4863
Standard Status Active
Tax Assessed Value 560900
Tax Lot 19
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Interior
Interior Amenities Attic Interior Steps Permanent Attic Stairs Storage Stall Shower
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Hardwood Vinyl
Total Fireplaces 0
Fireplace Features None
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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Exterior
Parking Features No Garage
Lot Features Corner Lot
Water Source Public
Total Parking 0
Lot Size Area 6534
Foundation Details Combination
Number of Buildings 1
Building Area Total 1764
Lot Size Acres 0.15
Frontage Length 0
Covered Spaces 0
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* Excluded Features
List By
Residential Properties Ltd.

Broker

nhurney@residentialproperties.com

Email

Affordability Calculator

$5,639
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,234
Monthly Property Taxes
$405
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.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
4/3/2026$850,000 Listed Price

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1 Shangri-La Lane, Middletown, RI, 02842 is a Multi-Family Home for sale at $850,000 with 1,764 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