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    188 Greene Ln Middletown, RI 02842

    Pending
    For Sale
    $584,200

    Multi Family - Middletown, RI

    Type:Multi Family
    Property size:
    1,560 SF
    Lot size:
    0.31 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 188 Greene Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Pending
    Zoning
    R 20
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking
    7
    Patio and Porch features
    Porch
    Interior features
    Wall (plaster), Plumbing (mixed), Insulation (unknown)
    Exterior features
    Out Building, Breezeway, Porch, Porch
    Size
    1,560 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Oil

    Building Details

    Year built
    1936
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Vinyl
    Building materials
    Plaster, Vinyl Siding
    Architectural style
    Other

    Century 21 Topsail Realty (401) 254-1900 [email protected]

    Listing agent Trish Gray (401) 683-4900

    Listing date Sep 29, 2025

    MLS# 1387233 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Middletown Multi-Family Rehab Opportunity

    This multi-family property in Middletown, Rhode Island, presents a significant opportunity for contractors and investors. Located near the Navy base, this legal two-family dwelling features multiple outbuildings. Each unit includes 2 bedrooms, 1 bathroom, a living room, and an eat-in kitchen. Laundry facilities are situated in the basement. The property is equipped with two oil tanks and two heating systems. The building requires a complete rehabilitation. The lot size is 0.31 acres with zoning designation R 20. The property size is 1560 square feet. This property is being sold "AS IS" and is subject to Probate Court Approval.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Middletown
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.298476
    Latitude
    41.550253

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    FAQs

    What type of property is this?
    Duplex - Two-unit property near Navy base, ideal for contractors/investors.
    Where is this duplex located?
    The property is located at 188 Greene Ln Middletown, RI.
    What is the asking price?
    The asking price for this property is $584,200.
    What are key features of this property?
    This property features: - Legal 2-family property offering income potential.; - Excellent location near the Navy base.; - Multiple outbuildings provide additional space and possibilities.
    (401) 683-4900
    Request Owner's contact information
    188 Greene Ln Middletown, RI 02842
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    188 Greene Ln Middletown, RI 02842
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