Welcome to 481 Oliphant lane nestled in beautiful Middletown RI. This spacious 5-bedroom,2 bath home in the center of Aquidneck Island. This home offers ample space and a flexible layout, ideal for those who value convenience and accessibility. The first floor features a kitchen with a working fireplace,a full bath, a spacious living and dining room and a large bedroom with an attached room for a sitting room or a home office. The second floor offers a perfect blend of comfort and privacy,with four spacious bedrooms,a full bath and a delightful window seat with built ins. The outdoor space features a large yard with seven off-street parking spots and a one-car detached garage, perfect for entertaining or gardening. Discover living in this coastal community known for its beaches,antique shops,cafes and fine dining restaurants,golf courses and more. Proximity to Newport Vineyards, Polo Complex, Navy Base, NUWC, beaches, and scenic trails. Easy Commute: Quick access to highways for smooth travel to Newport, Portsmouth, and beyond. Discover space, convenience, and an ideal location with this inviting Colonial—a perfect choice for those seeking room to grow in Middletown.
For sale
Price cut: $75K (11/18)
$775,000
481 Oliphant Ln, Middletown, RI 02842
5beds
1,986sqft
Est.:
Single Family Residence
Built in 1900
0.51 Acres Lot
$752,900 Zestimate®
$390/sqft
$-- HOA
What's special
One-car detached garageWorking fireplaceLarge yardSeven off-street parking spotsLarge bedroomFour spacious bedrooms
- 55 days |
- 1,153 |
- 45 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 29, 2025 at 10:00pm
Listed by:
Timothy Smith 401-662-2442,
RE/MAX Profnl. Newport, Inc.
Source: StateWide MLS RI,MLS#: 1398093
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Level: First
Bathroom
- Level: Second
Other
- Level: Second
Other
- Level: Second
Other
- Level: Second
Other
- Level: Second
Heating
- Oil, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Tankless Water Heater, Dryer, Exhaust Fan, Oven/Range, Refrigerator, Washer
Features
- Wall (Dry Wall), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Hardwood
- Doors: Storm Door(s)
- Windows: Insulated Windows
- Basement: Full,Walk-Out Access,Unfinished
- Number of fireplaces: 1
- Fireplace features: Brick
Interior area
- Total structure area: 1,986
- Total interior livable area: 1,986 sqft
- Finished area above ground: 1,986
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
- Parking features: Detached, Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Porch
Lot
- Size: 0.51 Acres
Details
- Parcel number: MIDDM0112B00L36
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Dry Wall, Clapboard, Shingles
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Golf, Highway Access, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
HOA
- Has HOA: No
Location
- Region: Middletown
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $572,600
- Annual tax amount: $4,964
- Date on market: 10/17/2025
Estimated market value
$752,900
$715,000 - $791,000
$3,642/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Price change | $775,000-8.8%$390/sqft |
Source:  StateWide MLS RI #1398093 Report a problem | ||
| 10/17/2025 | Listed for sale | $849,995+74.4%$428/sqft |
Source: StateWide MLS RI #1398093 Report a problem | ||
| 12/9/2024 | Listing removed | $3,800$2/sqft |
Source: StateWide MLS RI #1372283 Report a problem | ||
| 11/28/2024 | Listed for rent | $3,800+5.6%$2/sqft |
Source: StateWide MLS RI #1372283 Report a problem | ||
| 11/23/2024 | Listing removed | $3,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,447 | $572,600 |
| 2024 | $6,447 +32.1% | $572,600 +41% |
| 2023 | $4,880 | $406,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,509/mo
Principal & interest
$3721
Property taxes
$517
Home insurance
$271
Climate risks
Neighborhood: 02842
Nearby schools
GreatSchools rating
- 6/10Forest Avenue SchoolGrades: K-3Distance: 0.9 mi
- 8/10Joseph H. Gaudet SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Middletown High SchoolGrades: 9-12Distance: 1.3 mi
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