5 Shangri La Lane, Middletown, RI 02842

Middletown
Local realty services provided by:ERA Key Realty Services
5 Shangri La Lane,Middletown, RI 02842
$850,000
  • 4 Beds
  • 2 Baths
  • 1,728 sq. ft.
  • Multi-family
  • Active
Listed by: ryan shea
Office: remax revolution
MLS#:1406877
Source:RI_STATEWIDE

Price summary

  • Price:$850,000
  • Price per sq. ft.:$491.9

About this home

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...

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Home facts

  • Year built:1944
  • Listing ID #:1406877
  • Added:3 day(s) ago
  • Updated:March 29, 2026 at 11:54 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:12
  • Flooring:Ceramic Tile, Hardwood, Vinyl
  • Bathrooms Description:Tub Shower
  • Kitchen Description:Dishwasher, Microwave, Oven, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Exterior Entry, Full, Interior Entry, Unfinished
  • Living area:1,728 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1944
  • Building area:1,728 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Drywall, Vinyl Siding
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Connected, Public
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$491.9
  • Tax amount:$6,876 (2025)

Features and amenities

  • Appliances:Microwave, Range, Refrigerator, Washer
  • Laundry features:Dryer, In Unit, Washer
  • Amenities:Electric Water Heater, Furnished

Parking

  • Total parking spaces:6
  • Parking description:No Garage
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: March 29, 2026

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