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For sale
    • $750,000

    481 Oliphant Ln, Middletown, RI 02842

    5beds
    1,986sqft
    : 
    $4,660/mo
    Get pre-qualified
    Single Family Residence
    Built in 1900
    0.51 Acres Lot
    $727,400 Zestimate®
    $378/sqft
    $-- HOA

    What's special

    Ample off-street parkingAdditional storage shedLarge yardDetached one-car garageLiving and dining areasHalf-acre lot
    Set on a half-acre lot in the heart of Middletown, 481 Oliphant Lane is a great combination of space, location, and income-producing potential on Aquidneck Island. This 5-bedroom, 2-bath Colonial is minutes from Newport Vineyards, Newport National Golf Club, Wanumetonomy CC, local walking trails, and Middletown’s beaches, with downtown Newport approximately 15 minutes away. A Transient Guest license is currently in place, creating an opportunity for legal short-term rental use and added flexibility as a primary residence, second home, or investment property. The first floor offers a spacious kitchen with a brick fireplace, living and dining areas, a full bathroom, and a large bedroom with an adjoining bonus room ideal for a home office, guest space, or additional living area. The second floor includes 4 additional bedrooms, a full bathroom, and original built-ins that add to the home’s classic New England character. The property provides a large yard, ample off-street parking, a detached one-car garage, and an additional storage shed, offering plenty of room for year-round or seasonal living. With convenient access to Newport, Portsmouth, the Naval Station Newport, NUWC, beaches, golf courses, vineyards, and the broader Aquidneck Island community, 481 Oliphant Lane is well positioned for buyers seeking a spacious Middletown home with short-term rental potential in a central location.
    3 hours
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    289
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    10
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler Bernadyn 401-241-1851,

    RE/MAX Results

    Source: StateWide MLS RI,MLS#: 1421417MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Bathroom
      • Features: Bath w Tub & Shower
      Heating
      • Oil, Baseboard, Forced Water, Zoned
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Tankless Water Heater, Dryer, Oven/Range, Refrigerator, Washer
      Features
      • Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
      • Flooring: Hardwood
      • Basement: Full,Bulkhead,Unfinished
      • Number of fireplaces: 1
      • Fireplace features: Brick
      Interior area
      • Total structure area: 1,986
      • Total interior livable area: 1,986 sqft
      • Finished area above ground: 1,986
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 9
      • Parking features: Detached
      • Garage spaces: 1
      Features
      • Patio & porch: Deck, Porch
      Lot
      • Size: 0.51 Acres
      Details
      • Parcel number: MIDDM0112B00L36
      • Zoning: R30

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Dry Wall, Plaster, Clapboard, Shingles, Wood
      • Foundation: Stone
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Electric: 100 Amp Service
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Golf, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Swimming
      • Subdivision: Oliphant
      HOA
      • Has HOA: No
      Location
      • Region: Middletown

      Financial & listing details

      • Price per square foot: $378/sqft
      • Tax assessed value: $572,600
      • Annual tax amount: $6,505
      • Date on market: 8/24/2026
      • Inclusions: Property has valid lead certificate and Transient Guest License with town of Middletown.

        Estimated market value

        $727,400

        $691,000 - $764,000

        $4,769/mo

        Price history

        DateEventPrice
        8/24/2026Listed for sale$750,000-3.2%$378/sqft
        Source: StateWide MLS RI #1421417 Report a problem
        1/17/2026Listing removed$775,000$390/sqft
        Source: StateWide MLS RI #1398093 Report a problem
        11/18/2025Price change$775,000-8.8%$390/sqft
        Source: StateWide MLS RI #1398093 Report a problem
        10/17/2025Listed for sale$849,995+74.4%$428/sqft
        Source: StateWide MLS RI #1398093 Report a problem
        12/9/2024Listing removed$3,800$2/sqft
        Source: StateWide MLS RI #1372283 Report a problem
        11/28/2024Listed for rent$3,800+5.6%$2/sqft
        Source: StateWide MLS RI #1372283 Report a problem
        11/23/2024Listing removed$3,600$2/sqft
        Source: Zillow Rentals Report a problem
        10/21/2024Listed for rent$3,600-5.3%$2/sqft
        Source: Zillow Rentals Report a problem
        10/2/2023Listing removed--
        Source: Zillow Rentals Report a problem
        9/25/2023Listed for rent$3,800$2/sqft
        Source: Zillow Rentals Report a problem
        5/26/2021Sold$487,500+13.6%$245/sqft
        Source: StateWide MLS RI #1279820 Report a problem
        4/12/2021Listed for sale$429,000$216/sqft
        Source: Keller Williams #1279820 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,447 $572,600
        2024$6,447 +32.1%$572,600 +41%
        2023$4,880 $406,000
        2022$4,880 $406,000
        2021$4,880 +1.3%$406,000 +24.5%
        2020$4,818 +2.1%$326,200
        2018$4,717 +4.5%$326,200 +11.4%
        2016$4,513 +2.5%$292,700
        2015$4,402 -1.5%$292,700 +5.2%
        2014$4,469 +2.3%$278,100
        2013$4,369 +2%$278,100
        2012$4,283 +15.3%$278,100
        2011$3,715 -5.2%$278,100 -5.2%
        2010$3,920 +0.9%$293,400
        2009$3,885 +4.7%$293,400 -13%
        2007$3,711 +3.9%$337,100
        2006$3,573 +6.7%$337,100 +64.5%
        2005$3,350 +6.5%$204,900
        2004$3,145 $204,900
        Find assessor info on the county website

        Monthly payment

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 02842

        Getting around

        24 / 100
        Car-Dependent
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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