Map
Link Copied
Listed price in listed location currency (USD).
$850,000

426

MLS® 1406877

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 1728 sqft
Garage No
Taxes $6,876
Days Active 2
Lot Size 0.16 acres
Approx. Age 1944
Avg. Price Per Sqft $491
MLS® Number 1406877

Property Address: 5 Shangri La Ln, Middletown, RI, 02842-5437

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment and lifestyle opportunity in a prime Middletown location just over a mile to the beach and an easy walk to vibrant Broadway. This well-maintained duplex features two 2-bedroom, 1-bath townhouse-style units, offering flexibility for investors and owner-occupants alike. One unit is a grandfathered, registered short-term rental a rare and highly desirable asset in Middletown ideal for Airbnb/VRBO income. This unit will convey fully furnished and equipped as pictured, right down to the fully stocked owner's closet. The second unit will be delivered vacant, providing the perfect setup for an owner-occupant, long-term tenant, or seasonal rental. Both units have been thoughtfully updated with newly remodeled kitchens featuring stainless steel appliances and butcher block countertops, along with recently renovated bathrooms. Additional recent upgrades include new exterior doors/ storm doors and replacement windows by Renewal by Andersen, new insulation in walls and attic (2024), a new hot water heater, and a new 6' privacy fence that creates separate backyard spaces for each unit. Additional highlights include handsome bluestone front steps, full unfinished basements with in-unit laundry, off-street tandem parking for each unit, and a strong rental history.
MLS® Number1406877
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0.16
Exterior
GarageNo
Approx. Age1944
BasementExterior Entry, Full, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 26, 2026List Date
$850,000List Price
  • Commute

Commute

Starting Address
Destination Address
5 Shangri La Ln, Middletown, RI

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties