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Sold for $830,000
    • $830,000

    57 Shangri La Ln, Middletown, RI 02842

    4beds
    1,728sqft
    Multi Family
    Built in 1944
    -- sqft lot
    $845,900 Zestimate®
    $480/sqft
    $3,216 Estimated rent

    Home value

    $845,900

    $694,000 - $1.03M

    $3,216/mo

    Zestimate® history
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    What's special

    New hot water heaterHandsome bluestone front stepsRecently renovated bathroomsStainless steel appliancesButcher block countertopsNewly remodeled kitchens
    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.**

    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#: 1406877MLS Logo

    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 Square Feet
    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 & HOA

    Community
    • Features: Near Public Transport, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    • Subdivision: Boulevard
    HOA
    • Has HOA: No
    Location
    • Region: Middletown

    Financial & listing details

    • Price per square foot: $480/sqft
    • Tax assessed value: $583,500
    • Annual tax amount: $6,876
    • Date on market: 3/26/2026
    • Total actual rent: 6627

    Price history

    DateEventPrice
    5/11/2026Sold$830,000-2.4%$480/sqft
    Source: StateWide MLS RI #1406877 Report a problem
    4/15/2026Pending sale$850,000$492/sqft
    Source: StateWide MLS RI #1406877 Report a problem
    4/1/2026Contingent$850,000$492/sqft
    Source: StateWide MLS RI #1406877 Report a problem
    3/26/2026Listed for sale$850,000+30.8%$492/sqft
    Source: StateWide MLS RI #1406877 Report a problem
    9/1/2022Sold$650,000$376/sqft
    Source: StateWide MLS RI #1310701 Report a problem
    7/27/2022Pending sale$650,000$376/sqft
    Source: StateWide MLS RI #1310701 Report a problem
    6/11/2022Contingent$650,000$376/sqft
    Source: StateWide MLS RI #1310701 Report a problem
    5/26/2022Listed for sale$650,000+233.3%$376/sqft
    Source: StateWide MLS RI #1310701 Report a problem
    8/3/2001Sold$195,000+50%$113/sqft
    Source: Public Record Report a problem
    4/12/1996Sold$130,000$75/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

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    Estimated market value
    $845,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $845,900

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