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16 Race Street

Middletown, RI 02842

4 beds
4 baths
– sqft
4,791 sqft lot
1987 build

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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!!

Listing courtesy of RIMLS / Castle Keep Realty Corp.

Last checked: Checking… • Last updated Dec 18, 2024 •

MLS# 1368847 —

The Building

Year Built:

1987
New Construction:

false
Building Area Total:

2700.0
Construction Materials:

Drywall,Clapboard,VinylSiding
Stories Total:

2
Basement:

ExteriorEntry,Full,InteriorEntry,Unfinished
Basement:

true

Interior

Interior Features:

TubShower
Flooring:

Laminate,Carpet
Fireplace:

false
Laundry Features:

InUnit

Room Dimensions

Living Area Source:

PublicRecords

Location

Latitude:

41.514065
Longitude:

-71.302841

The Property

Property Type:

ResidentialIncome
Property Sub Type:

MultiFamily
Lot Size Acres:

0.11
Lot Size Area:

4791.6
Lot Size Square Feet:

4791.6
Lot Size Units:

SquareFeet
Parcel Number:

16RACESTMDLT
Zoning:

R10
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

5842.0
Tax Assessed Value:

518800
Tax Lot:

134

Beds

Bedrooms Total:

4

Baths

Bathrooms Total:

4
Bathrooms Full:

2
Bathrooms Half:

2

Heating & Cooling

Heating:

Baseboard,Electric,Oil
Heating:

true
Cooling:

WindowUnits
Cooling:

true

Utilities

Utilities:

SewerConnected
Electric:

Volts440
Sewer:

Connected
Water Source:

Connected

Appliances

Appliances:

ElectricWaterHeater,Microwave,Oven,OilWaterHeater,Range,Refrigerator,Washer

The Community

Subdivision Name:

South Middletown
Senior Community:

false
Community Features:

HighwayAccess,NearHospital,NearSchools,PublicTransportation,Restaurant,Shopping

Parking

Parking Total:

4.0
Parking Features:

NoGarage
Garage:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/5/24 Nov 5, 2024	Sold	RIMLS	$570,000

Multifamily Sold on 11/5/2024

$570,000

Listing provided by broker:

Cesar Duarte Patricio

Castle Keep Realty Corp.

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Listing Courtesy of: RIMLS and Castle Keep Realty Corp..

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2025 State-Wide Multiple Listing Service. All rights reserved.

16 Race Street

Middletown, RI 02842