Unlock a steady stream of income or live in first level and build equity with this turnkey two-family home located at 132 Maple Avenue in the desirable community of Middletown, Rhode Island. This fully rented property presents an exceptional opportunity for investors seeking a strong return on investment in a thriving rental market. Both units feature updated kitchens and stainless steel appliances, updated bathrooms with beautifully tiled showers, and in-unit laundry facilities for tenant convenience. Each unit enjoys its own private driveway, and tenants have access to the oversized yard, offering valuable outdoor living space. The upper unit also benefits from a back deck. Ideal location just minutes from beautiful beaches, schools, shopping, downtown Newport, and the Naval Station, making it highly attractive to a wide range of renters, including military personnel and academics.
Sold for $855,000 on 09/23/25
$855,000
132 Maple Ave, Middletown, RI 02842
6beds
2,642sqft
Multi Family
Built in 1980
-- sqft lot
$855,500 Zestimate®
$324/sqft
$3,335 Estimated rent
Home value
$855,500
$761,000 - $958,000
$3,335/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 24, 2025 at 09:24pm
Listed by:
Arthur Chapman 401-640-0807,
William Raveis Inspire,
The Aquidneck Team 401-640-0807,
William Raveis Inspire
Bought with:
Slocum Home Team
Slocum
Source: StateWide MLS RI,MLS#: 1389582
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Natural Gas, Central Air, Forced Air
Cooling
- Ductless, Heat Pump
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Disposal, Range Hood, Oven/Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Wall (Dry Wall), Wall (Plaster), Plumbing (Copper), Plumbing (PVC), Insulation (Unknown)
- Flooring: Ceramic Tile, Laminate
- Windows: Storm Window(s)
- Basement: None,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,848
- Total interior livable area: 2,642 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Features
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 0.38 Acres
Details
- Foundation area: 1400
- Parcel number: MIDDM0108BNWL25A
- Special conditions: Conventional/Market Value
- Other equipment: Cable TV
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers, Individual Meter
- Sewer: Public Sewer, Public Connected
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Middletown
- Subdivision: Two Mile Corner/Us Naval Base
HOA & financial
Other financial information
- Total actual rent: 3600
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2025 | Listing removed | $3,400$1/sqft |
Source: Zillow Rentals | ||
| 10/1/2025 | Price change | $3,400+30.8%$1/sqft |
Source: Zillow Rentals | ||
| 9/23/2025 | Sold | $855,000-4.5%$324/sqft |
Source:  StateWide MLS RI #1389582 | ||
| 8/14/2025 | Contingent | $894,999$339/sqft |
Source: StateWide MLS RI #1389582 | ||
| 7/28/2025 | Price change | $894,999-0.6%$339/sqft |
Source: StateWide MLS RI #1389582 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,520 | $756,700 |
| 2024 | $8,520 +97.2% | $756,700 +110.5% |
| 2023 | $4,321 | $359,500 |
Find assessor info on the county website
Neighborhood: 02842
Nearby schools
GreatSchools rating
- 5/10Joseph Gaudet AcademyGrades: 4-5Distance: 1.4 mi
- 8/10Joseph H. Gaudet SchoolGrades: 6-8Distance: 1.4 mi
- 5/10Middletown High SchoolGrades: 9-12Distance: 1 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$855,500
2% more+ $17,110
With Zillow Showcase(estimated)
$872,610