Golf Course
Address
481 Oliphant Lane, Middletown, RI
Price
$ 750,000
Property Attributes
- MLS#1421417
- TypeSingle Family
- Listing Status Active Under Contract
- CountyNewport
- CityMiddletown
- NeighborhoodOliphant
- Zip02842
- Style
- Year Built1900
- Taxes$ 6505
- Price$ 750,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1986
- Lot Size0.51 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
Set on a half-acre lot in the heart of Middletown, 481 Oliphant Lane is a great combination of space, location, and income-producing potential on Aquidneck Island. This 5-bedroom, 2-bath Colonial is minutes from Newport Vineyards, Newport National Golf Club, Wanumetonomy CC, local walking trails, and Middletown's beaches, with downtown Newport approximately 15 minutes away. A Transient Guest license is currently in place, creating an opportunity for legal short-term rental use and added flexibility as a primary residence, second home, or investment property. The first floor offers a spacious kitchen with a brick fireplace, living and dining areas, a full bathroom, and a large bedroom with an adjoining bonus room ideal for a home office, guest space, or additional living area. The second floor includes 4 additional bedrooms, a full bathroom, and original built-ins that add to the home's classic New England character. The property provides a large yard, ample off-street parking, a detached one-car garage, and an additional storage shed, offering plenty of room for year-round or seasonal living. With convenient access to Newport, Portsmouth, the Naval Station Newport, NUWC, beaches, golf courses, vineyards, and the broader Aquidneck Island community, 481 Oliphant Lane is well positioned for buyers seeking a spacious Middletown home with short-term rental potential in a central location.
| Price History | |
|---|---|
| 8/24/2026 | Listed $750,000 |
General Features
| Sewer | Connected,Public Sewer |
|---|---|
| Heating | Baseboard,Hot Water,Oil,Zoned |
| Cooling | Window Unit(s) |
| Utilities | Sewer Connected |
| Possession | Close Through 45 Days,Immediately,Negotiable |
| Zoning | R30 |
| Garage Spaces | 1 |
| Patio/Porch Features | Deck,Porch |
| Construction Materials | Drywall,Plaster,Clapboard,Shingle Siding,Wood Siding |
| Year Built | 1900 |
| Electric | 100 Amp Service |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| Community Features | Golf,Marina,Near Schools,Pool,Recreation Area,Restaurant |
| County | Newport |
| New Construction | false |
| Property Type | Residential |
| Attached Garage | false |
| Contingency | Soliciting Back-up Offers |
| Subdivision Name | Oliphant |
| Garage Y/N | true |
| Total Rooms | 9 |
| Full Baths | 2 |
| Status | Active Under Contract |
| City | Middletown |
| Senior Community Y/N | false |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 22216 |
| Land Lease Y/N | false |
| Tax Annual Amount | 6505.32 |
| Virtual Tour | https://tour.RiLiving.com/481-Oliphant-Lane-Middletown-RI-02842 |
| Standard Status | Active Under Contract |
| Tax Assessed Value | 572600 |
| Tax Lot | 36 |
| Property Sub Type Additional | Single Family Residence |
Interior Features
| Interior Amenities | Tub Shower |
|---|---|
| Basement | Full,Unfinished |
| Flooring | Hardwood |
| Total Fireplaces | 1 |
| Fireplace Features | Masonry |
| Total Stories | 2 |
| Basement (Y/N) | true |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Total Bedrooms | 5 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Deck,Porch |
|---|---|
| Parking Features | Detached,Garage |
| Water Source | Connected,Public |
| Total Parking | 9 |
| Inclusions | Property has valid lead certificate and Transient Guest License with town of Middletown. |
| Lot Size Area | 22216 |
| Foundation Details | Stone |
| Building Area Total | 1986 |
| Lot Size Acres | 0.51 |
| Covered Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 02842
Price
Taxes
Year Built
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