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Shomari Lewis

shomari.lewis@engelvoelkers.com +1(401) 864-1786

$ 750,000

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481 Oliphant LN Middletown, RI 02842

5 Beds

2 Baths

1,986 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,986 sqft

Price per Sqft $377

Subdivision Oliphant

MLS Listing ID 1421417

Style Colonial

Bedrooms 5

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,986

Year Built 1900

Annual Tax Amount $6,505

Tax Year 2026

Lot Size 0.510 Acres

Acres 0.51

Property Sub-Type Single Family Residence

Property Description

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.

Location

State RI

County Newport

Community Oliphant

Zoning R30

Rooms

Basement Full, Unfinished

Interior

Interior Features Tub Shower

Heating Baseboard, Hot Water, Oil, Zoned

Cooling Window Unit(s)

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Masonry

Inclusions Property has valid lead certificate and Transient Guest License with town of Middletown.

Fireplace Yes

Appliance Dryer, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Washer

Exterior

Exterior Feature Deck, Porch

Parking Features Detached

Garage Spaces 1.0

Community Features Golf, Marina, Near Schools, Pool, Recreation Area, Restaurant

Utilities Available Sewer Connected

Porch Deck, Porch

Total Parking Spaces 9

Garage Yes

Building

Story 2

Foundation Stone

Sewer Connected, Public Sewer

Water Connected, Public

Architectural Style Colonial

Level or Stories 2

Structure Type Drywall,Plaster,Clapboard,Shingle Siding,Wood Siding

New Construction No

Others

Senior Community No

Tax ID 481OLIPHANTLANEMDLT

Virtual Tour https://tour.RiLiving.com/481-Oliphant-Lane-Middletown-RI-02842

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Shomari Lewis

Advisor | License ID: 9574211

+1(401) 864-1786

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