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Updated 3-Unit Waterfront Triplex
For Sale
$1,850,000
Pending

45 Crescent Road, Middletown, RI 02842

Residential Income, Middletown, RI

Property Size2,254 SF
Lot Size0.17 Acres
Days on Market100

Property Features for 45 Crescent Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R10
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 2, Basement, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking 6
Parking features None
Window features Skylight(s)
Patio and Porch features Porch, Deck
Interior features Wall (Dry Wall), Stairs, Plumbing (Mixed)
Exterior features Deck, Porch
Basement Finished, Full
Appliances Electric Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision Between 1st & 2nd Beaches
Lot features Fenced, Paved Driveway, Sidewalks
View Water
Standard status Pending
Size 2,254 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10198

Utilities

Heating system Natural Gas, Baseboard, Electric (Heating)
Water front features Waterfront
Water front 1

Amenities

roof top deck
laundry
hardwood floors
a/c
wraparound deck

Building Details

Year built 1930
Floors in Building 3
Number of units 3
Flooring type Hardwood, Tile - Ceramic
Building materials Dry Wall, Shingles, Wood
Listing Agency: Re/Max Real Estate Center · RE/MAX International
Listed By: Kenny Farrow
Added: May 14 Changed: Aug 20 Last Checked: Aug 21 at 12:06PM
MLS# 1412015

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 2,254-square-foot triplex, built in 1930 and zoned R10, contains three residential units with a total of 8 bedrooms and 6 full baths. The third-floor residence offers 3 bedrooms, 3 baths, an updated kitchen, updated bathrooms, hardwood flooring, air conditioning, and laundry. The second floor includes 3 bedrooms, 2 baths, laundry, and a wraparound deck, while the first floor provides 2 bedrooms, 1 bath, and laundry. All units have access to a rooftop deck.

The property is identified as waterfront and sits near Easton Beach in Middletown. Exterior features include decks and a porch, with wood and shingle construction, ceramic tile and hardwood flooring, and natural gas, baseboard, and electric heating. The 0.17-acre property also includes dishwashers, refrigerators, washers, dryers, microwaves, and electric water heating.

Key Highlights

  • Three‑unit property with 8 bedrooms and 6 full baths
  • 2,254 square feet on a 0.17‑acre lot
  • Third‑floor unit includes 3 bedrooms, 3 baths, updated kitchen, updated baths, hardwood floors, A/C, and laundry

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Building Supply HVAC Service Law Firm Parking Lot & Garage Kitchen & Bath Showroom

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

171
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?
Triplex - Three residential units combine coastal access, private outdoor areas, laundry, and renovated kitchens and baths.
Where is this triplex located?
The property is located at 45 Crescent Road Middletown, RI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Three‑unit property with 8 bedrooms and 6 full baths; 2,254 square feet on a 0.17‑acre lot; Third‑floor unit includes 3 bedrooms, 3 baths, updated kitchen, updated baths, hardwood floors, A/C, and laundry
More about this property
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