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Side-by-Side Duplex with Storage Shed
For Sale
$550,000

15 Ludlow Road, Middletown, RI 02842

Single-level duplex with independent gas heating and electric systems, plus an electrified storage shed.

Property SizeContact for details
Days on Market92

Property Features for 15 Ludlow Road

General Information

Standard status Active
Property subtype Multi-family

Site & Location

Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 1 x 2BR, 1 x 3BR
Multifamily Units 2

Amenities

shed with electricity

Building Details

Year Built 1954
Listing Agency: RE/MAX Profnl. Newport,Inc.
Listed By: David McCauley
Source: Residentialproperties
Added: May 31 Changed: Aug 29 Last Checked: Aug 29 at 10:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Profnl. Newport,Inc.

Investment Insights

Based on property information with market context.

Built in 1954, this side-by-side duplex offers two separate single-level units, including one with two bedrooms and the other with three bedrooms. Each side has its own gas heating and electric system, supporting independent operation. A large shed with electricity provides additional storage and utility space.

The property occupies a corner lot at 15 Ludlow Road in Middletown, with schools, shopping, and bus service identified nearby. The separate layouts and bedroom configurations provide flexibility for residential occupancy or rental use.

Key Highlights

  • Side‑by‑side duplex with one 2‑bedroom unit and one 3‑bedroom unit
  • Both units feature single‑level living
  • Separate gas heating and electric systems for each side

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service HVAC Service Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility

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
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

932
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
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Frequently Asked Questions

What type of property is this?
Duplex - Single-level duplex with independent gas heating and electric systems, plus an electrified storage shed.
Where is this duplex located?
The property is located at 15 Ludlow Road Middletown, RI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Side‑by‑side duplex with one 2‑bedroom unit and one 3‑bedroom unit; Both units feature single‑level living; Separate gas heating and electric systems for each side
More about this property
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