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Roults Jean-Francois

jeanfrancoisgroupmgt@gmail.com +1(401) 316-9458

$ 850,000

Est. payment -/mo

Save

Pending

5 Shangri La LN Middletown, RI 02842

4 Beds

2 Baths

1,728 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,728 sqft

Price per Sqft $491

Subdivision Boulevard

MLS Listing ID 1406877

Style Side By Side

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,728

Year Built 1944

Annual Tax Amount $6,876

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Multi Family

Property 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. **Highest and best offers due by 6 PM on Monday, March 30th.**

Location

State RI

County Newport

Community Boulevard

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Attic, Interior Steps, Tub Shower, Furnished

Heating Forced Air, Gas

Cooling Window Unit(s)

Flooring Ceramic Tile, Hardwood, Vinyl

Fireplaces Type None

Furnishings Furnished

Fireplace No

Appliance Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Fence Fenced

Community Features Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)

Utilities Available Sewer Connected

Total Parking Spaces 6

Garage No

Building

Foundation Concrete Perimeter

Sewer Connected

Water Connected, Public

Architectural Style Side By Side

Structure Type Drywall,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 57SHANGRILALANEMDLT

Listed by REMAX Revolution

NEARBY SCHOOLS & PROPERTIES

Roults Jean-Francois

Agent | res.res.0042995

+1(401) 316-9458

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