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    4 James St Middletown, RI 02842

    For Sale
    $1,800,000

    Multi Family - Middletown, RI

    Type:Multi Family
    Property size:
    5,144 SF
    Lot size:
    0.25 Acres
    Days on Market:
    73
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 4 James St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    6
    Parking
    9
    Patio and Porch features
    Porch, Deck
    Interior features
    Wall (dry Wall), Wall (plaster), Insulation (unknown)
    Exterior features
    Deck, Porch
    Size
    5,144 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Central, Forced Air, Oil

    Building Details

    Year built
    1956
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Hardwood, Laminate, Vinyl
    Building materials
    Plaster
    Architectural style
    Other

    Teri Degnan Real Estate & Consulting, LTD (401) 474-9191 [email protected]

    Listing agent Teri Degnan (401) 619-8222

    Listing date Sep 24, 2025

    MLS# 1394661 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

    Turnkey Two-Family Home Near Beach

    This turnkey two-family home has been completely upgraded and is located on Easton's Point, within walking distance to the beach. The property features 8 bedrooms, including 2 ensuite bedrooms, and 6 bathrooms. The interior has been updated with new bathrooms, central A/C, two kitchens, and new floors. Two laundry areas are equipped with washers and dryers. All furniture is included in the sale. Additional features include an attached garage, a deck, a private and flat backyard, and parking space for at least 8 cars. The floor plans offer flexibility in customizing the size of each rental unit or splitting the space for personal use and a rental unit. A large unfinished basement provides ample storage space and potential for a finished living space or rec room. The property, situated on a 0.25-acre lot, may be converted back to single-family use. Currently, the property is rented seasonally until May 2026, with successful Airbnb summer rentals. The property size is 5144 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Gym & Fitness Accounting Firm Daycare Center Kitchen & Bath Wholesale Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.275249
    Latitude
    41.486482

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    FAQs

    What type of property is this?
    Duplex - Upgraded 8-bedroom, 6-bathroom home near the beach.
    Where is this duplex located?
    The property is located at 4 James St Middletown, RI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Turnkey, fully furnished two-family home on Easton's Point, walking distance to the beach.; - Eight bedrooms (two ensuite) and six updated bathrooms.; - Flexible floor plan allows for customization of rental units or conversion to a single-family home.
    (401) 619-8222
    Request Owner's contact information
    4 James St 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
    4 James St Middletown, RI 02842
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