5 - 7 Shangri La Lane Middletown

$850,000
4 2 1,728 sq ft

Map View Street View

The Property

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.

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Listing Details

MLS Number

1406877

Lot Size:

0.16 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Hospital
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Natural Gas, Forced Air
  • Heating Fuel: Natural Gas, Forced Air
  • Laundry
  • Fenced
  • Year Built: 1944

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Market Trends for Single Family Homes
in Middletown

  • Overview
    Homes for Sale Today34-93% decrease in inventory
    New on Market *1645.5% increase in new listings
    Avg. Asking Price/Sq.Ft. *$449.33$83 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,366,056$637,556 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *94.58%3.4% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$461.67$61 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *8912 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?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Remax Revolution

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