Excellent Investment opportunity!! This beautifully side by side two-family property is now available for sale in Middletown, RI. This property is a quick drive to everything Aquidneck Island has to offer including the Naval War College, Downtown Newport, easy on and off to the Newport Bridge, local shopping areas and restaurants. Each unit is bi-level, provides two bedrooms, one full bathroom, half bathroom and provides access to the basement area which is perfect for any tenants looking to have room for storage. Both units have a designated backyard area perfect for entertaining along with driveways for each unit to park at least two vehicles. There is some cosmetic work needed but overall, the property is in very good shape. Both tenants are currently on month-to-month leases. Please note that the property is being sold "As Is" and has received an independent appraisal in its current condition at $650,000. Come see this property during the open house this Sunday from 2-3:30pm!!
Sold for $570,000 on 11/05/24
$570,000
16 Race St, Middletown, RI 02842
4beds
1,800sqft
Multi Family
Built in 1987
-- sqft lot
$587,700 Zestimate®
$317/sqft
$2,923 Estimated rent
Home value
$587,700
$476,000 - $723,000
$2,923/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 05, 2024 at 12:25pm
Listed by:
Cesar Duarte Patricio 401-301-1123,
Castle Keep Realty Corp.
Bought with:
David Travers, RES.0041167
Keller Williams Coastal
Source: StateWide MLS RI,MLS#: 1368847
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Electric, Oil, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Wall (Dry Wall), Insulation (Ceiling), Insulation (Floors), Ceiling Fan(s)
- Flooring: Laminate, Carpet
- Basement: Full,Interior and Exterior,Unfinished,Storage Space
- Has fireplace: No
Interior area
- Total structure area: 2,700
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Features
- Stories: 2
Lot
- Size: 4,791 sqft
Details
- Parcel number: MIDDM0108BNWL134
- Zoning: R10
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Clapboard, Vinyl Siding
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Electric: 440+ Volts
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Public School, Restaurants, Schools, Near Shopping
Location
- Region: Middletown
- Subdivision: South Middletown
HOA & financial
Other financial information
- Total actual rent: 2275
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2024 | Sold | $570,000-4.8%$317/sqft |
Source:  StateWide MLS RI #1368847 | ||
| 10/7/2024 | Pending sale | $599,000$333/sqft |
Source: StateWide MLS RI #1368847 | ||
| 9/18/2024 | Listed for sale | $599,000$333/sqft |
Source: StateWide MLS RI #1368847 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,842 | $518,800 |
| 2024 | $5,842 +56.6% | $518,800 +67.1% |
| 2023 | $3,731 | $310,400 |
Find assessor info on the county website
Neighborhood: 02842
Nearby schools
GreatSchools rating
- 5/10Joseph Gaudet AcademyGrades: 4-5Distance: 1.3 mi
- 8/10Joseph H. Gaudet SchoolGrades: 6-8Distance: 1.3 mi
- 5/10Middletown High SchoolGrades: 9-12Distance: 0.9 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$587,700
2% more+ $11,754
With Zillow Showcase(estimated)
$599,454