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Two-Unit Duplex Property
For Sale
Under Contract
$499,000

249 W Main Road, Middletown, RI 02842

Commercial/Business,Commercial Sale, Middletown, RI

Property SizeContact for details
Lot Size0.13 Acres
Days on Market30

Property Features for 249 W Main Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning OBA
Rooms Basement
Parking 4
Interior features Ceiling Height (9 to 12 Ft)
Basement Crawl Space
Subdivision Two Mile Corner
Lot features Sidewalks, Downtown
Standard status Active Under Contract
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4400

Utilities

Utilities Water Available

Building Details

Year built 1949
Floors in Building 1
Building materials Masonry
Listing Agency: William Raveis Inspire
Listed By: Jeanne Allen · License #3015
Added: Jul 25 Changed: Aug 18 Last Checked: Aug 23 at 7:06AM
MLS# 1418880

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This side-by-side duplex contains two residential units, each arranged with one bedroom and one bathroom. Both residences have separate entrances and functional living areas. The property includes a basement, 9 to 12 Ft ceiling height, masonry construction, and water available. Built in 1949, the building sits on a 0.13-acre parcel and carries OBA zoning.

The property is located in Middletown near the Newport line, with grocery stores, department stores, home décor retailers, restaurants, beaches, parks, and Newport attractions in the surrounding area. The offering is also being sold as a package with 247 West Main Road, MLS #1418856.

Key Highlights

  • Two‑unit side‑by‑side duplex with one‑bedroom, one‑bath layouts
  • Private entrances serve both residential units
  • 0.13‑acre parcel with OBA zoning

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Accounting Firm HVAC Service Electrical Service Hair Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

684
Businesses Nearby

Demographics for 02842, RI

17,115
Population
8,255
Households
2.1
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,369
Density / Sq Mi
$97,650
Median Household Income
$47,307
Median Earnings
$1,906
Median Rent
$536,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Side-by-side residences offer private entrances and one-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 249 W Main Road Middletown, RI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with one‑bedroom, one‑bath layouts; Private entrances serve both residential units; 0.13‑acre parcel with OBA zoning
More about this property
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