481 Oliphant Lane Middletown

$750,000
5 2 1,986 sq ft

The Property

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.

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Listing Details

MLS Number

1421417

Lot Size:

0.51 acres

Features

  • Basement: Full, Bulkhead, Unfinished
  • Golf
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Near Swimming
  • Deck
  • Porch
  • Fireplace: Brick
  • Heating: Oil, Baseboard, Forced Water, Zoned
  • Heating Fuel: Oil, Baseboard, Forced Water, Zoned
  • Garage: 1
  • Type: Colonial
  • Year Built: 1900

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Market Trends for Single Family Homes
in Middletown

  • Overview
    Homes for Sale Today52-90.8% decrease in inventory
    New on Market *2315% increase in new listings
    Avg. Asking Price/Sq.Ft. *$522.30$2 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,459,915$266,233 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.36%-43.5% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$596.37$77 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *803 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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Listed by RE/MAX Results
Phone: 401-848-7827

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