223 Oliphant Lane

Off Market

223 Oliphant Lane

Newport East RI 02842

2862 sq. ft.

68825 sq. ft.

Multi-Family

Last sold for $825,000

Joseph Fitzpatrick, last sold this property on 02 September 2025 after 39 days on market.

Overview

A rare investment opportunity in one of Middletown's most central and convenient locations. This well-maintained two-family property sits on over 1.5 acres, offering privacy on a pastoral setting, and strong potential for owner-occupancy or rental income. Each townhouse-style unit features 2 spacious bedrooms, 1.5 bathrooms, large living rooms, private rear decks, and generous unfinished basements with bulkheads, perfect for storage or future finishing. At 1,431 square feet per unit, the layout offers functional, comfortable living space with separate utilities. Tenants pay for heat, electricity, and Wi-Fi. Public sewer is connected, and the property is serviced by a private well. With leases in place through September 30, 2025, you have the flexibility to plan future occupancy or improvements. Set back from the road with ample parking and positioned between East and West Main Road, this is an ideal location for those seeking proximity to Middletown's amenities while enjoying a serene setting. Don't miss this rare duplex opportunity or potential condo conversion in the heart of Aquidneck Island.

Features

4 bedrooms

4 bathrooms

8 carspaces

2862 sq. ft. floor area

68825 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Newport East over the last 12 months, the estimated median property value of 223 Oliphant Lane is $725k.

Median value

$725k

Estimated value range

$475k - $957k

Median days on market

Estimated value trend

-13%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Newport East. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 223 Oliphant Lane

2025

Sold

$825,000

02 Sep 2025 by Joseph Fitzpatrick, of RE/MAX Results

2020

Sold

$495,500

13 Mar 2020 by The Dowd Team, of Keller Williams Coastal

Happy sellers in Newport East

We have insufficient information to provide an overview of customer satisfaction for Newport East. Viewing the agent profiles, reviews and sales for Newport East can provide insights for this location.

Local market activity for 4 bedroom multi families in Newport East

In the last 12 months, 8 four-bedroom multi families similar to 223 Oliphant Lane, have been sold.

This represents a 350% decrease in four-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Newport East for a market analysis.

Isabel Ferreira

at Century 21 North East Group

(56 reviews)

Get a market analysis

Kara Malkovich

at Lila Delman Compass

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David Travers

at Keller Williams Coastal Bend

(1 review)

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Meredith Le Blanc

at Hogan Associates

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Newport East

Isabel Ferreira

Isabel Ferreira is an award winning recommended agent for Newport East. They have 1 local sale and collected 1 local review across the last 12 months.