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. **Highest and best offers due by 6 PM on Monday, March 30th.**
Sold for $830,000
$830,000
57 Shangri La Ln, Middletown, RI 02842
4beds
1,728sqft
Multi Family
Built in 1944
-- sqft lot
$833,000 Zestimate®
$480/sqft
$3,629 Estimated rent
Home value
$833,000
$658,000 - $1.06M
$3,629/mo
Zestimate® history
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List your homeWhat's special
New hot water heaterHandsome bluestone front stepsRecently renovated bathroomsStainless steel appliancesButcher block countertopsNewly remodeled kitchens
Zillow last checked:
Listing updated:
Listed by:
Ryan Shea 401-855-3778,
REMAX Revolution
Bought with:
Eric Chauvin, REB.0018204
Weichert Realtors-Penrose Grp
Source: StateWide MLS RI,MLS#: 1406877
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Wall (Dry Wall), Wall (Paneled), Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PEX), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
- Flooring: Ceramic Tile, Hardwood, Vinyl
- Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Features
- Stories: 2
- Fencing: Fenced
Lot
- Size: 6,969 sqft
Details
- Parcel number: MIDDM0109BNEL21
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Paneled, Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1944
Utilities & green energy
- Electric: 100 Amp Service
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Middletown
- Subdivision: Boulevard
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 6627
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Sold | $830,000-2.4%$480/sqft |
Source:  StateWide MLS RI #1406877 Report a problem | ||
| 4/15/2026 | Pending sale | $850,000$492/sqft |
Source: StateWide MLS RI #1406877 Report a problem | ||
| 4/1/2026 | Contingent | $850,000$492/sqft |
Source: StateWide MLS RI #1406877 Report a problem | ||
| 3/26/2026 | Listed for sale | $850,000+30.8%$492/sqft |
Source: StateWide MLS RI #1406877 Report a problem | ||
| 9/1/2022 | Sold | $650,000$376/sqft |
Source: StateWide MLS RI #1310701 Report a problem | ||
| 7/27/2022 | Pending sale | $650,000$376/sqft |
Source: StateWide MLS RI #1310701 Report a problem | ||
| 6/11/2022 | Contingent | $650,000$376/sqft |
Source: StateWide MLS RI #1310701 Report a problem | ||
| 5/26/2022 | Listed for sale | $650,000+233.3%$376/sqft |
Source: StateWide MLS RI #1310701 Report a problem | ||
| 8/3/2001 | Sold | $195,000+50%$113/sqft |
Source: Public Record Report a problem | ||
| 4/12/1996 | Sold | $130,000$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,570 | $583,500 |
| 2024 | $6,570 +66.3% | $583,500 +77.5% |
| 2023 | $3,951 | $328,700 |
| 2022 | $3,951 | $328,700 |
| 2021 | $3,951 +6.5% | $328,700 +21.9% |
| 2020 | $3,711 +0.1% | $269,700 |
| 2018 | $3,708 -4.6% | $269,700 +7% |
| 2016 | $3,886 +2.5% | $252,000 |
| 2015 | $3,790 +7.5% | $252,000 +14.8% |
| 2014 | $3,527 +2.3% | $219,500 |
| 2013 | $3,448 +2% | $219,500 |
| 2012 | $3,380 +15.2% | $219,500 |
| 2011 | $2,933 -12% | $219,500 -12% |
| 2010 | $3,332 +0.9% | $249,400 |
| 2009 | $3,302 +0.6% | $249,400 -16.3% |
| 2007 | $3,281 +3.9% | $298,000 |
| 2006 | $3,159 | $298,000 |
Find assessor info on the county website
Neighborhood: 02842
Nearby schools
GreatSchools rating
- 10/10Aquidneck SchoolGrades: PK-3Distance: 1 mi
- 6/10Joseph H. Gaudet SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Middletown High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$833,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$833,000
- Rhode Island
- Newport County
- Middletown
- 02842
- 57 Shangri La Ln
Nearby cities
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