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Overview

  • Updated On:
  • March 29, 2026
  • 2
  • Bathrooms
  • 12
  • Rooms
  • 4
  • Bedrooms
  • 0 ac
  • Property Lot Size

5 7 Shangri La Lane, Middletown, Residential Income

$ 850,000
5 7 Shangri La Lane, Middletown

Description

Exceptional investment and lifestyle opportunity in a prime Middletown location—just over a mile to the beach and an easy walk to vibrant Broadway. This well-maintained duplex features two 2-bedroom, 1-bath townhouse-style units, offering flexibility for investors and owner-occupants alike.
One unit is a grandfathered, registered short-term rental—a rare and highly desirable asset in Middletown—ideal for Airbnb/VRBO income. This unit will convey fully furnished and equipped as pictured, right down to the fully stocked “owner’s closet.” The second unit will be delivered vacant, providing the perfect setup for an owner-occupant, long-term tenant, or seasonal rental.
Both units have been thoughtfully updated with newly remodeled kitchens featuring stainless steel appliances and butcher block countertops, along with recently renovated bathrooms. Additional recent upgrades include new exterior doors/ storm doors and replacement windows by Renewal by Andersen, new insulation in walls and attic (2024), a new hot water heater, and a new 6’ privacy fence that creates separate backyard spaces for each unit.
Additional highlights include handsome bluestone front steps, full unfinished basements with in-unit laundry, off-street tandem parking for each unit, and a strong rental history. **Highest and best offers due by 6 PM on Monday, March 30th.**

Property Id: 983871
Price: $ 850,000
Property Lot Size: 0 ac
Rooms: 12
Bedrooms: 4
Bathrooms: 2
Basement: Full, Interior and Exterior, Unfinished, Laundry, Storage Space, Utility
Bathrooms Full: 2
Building Area Total (sqft): 1728
Community Features: Bus, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis
Construction Materials: Dry Wall, Paneled, Vinyl Siding
Cooling: Window Unit(s)
Owner Pays: Heat
Parking Total: 6
Electric: 100 Amp Service
Fireplace Features: None
Flooring: Ceramic Tile, Hardwood, Vinyl
Foundation Details: Concrete Perimeter
Heating: Natural Gas, Forced Air
Laundry Features: In Unit
MLS Listing #: 1406877
Living Area Source: Public Records
Living Area Units: Square Feet
Lot Features: Fenced
Lot Size SQFT: 6970
MLS Status: Active
Number Of Units Total: 2
Parking Features: No Garage
Bathroom Features: Bath w Tub & Shower
Sewer: Connected
State: RI
Stories: 2
Street Additional Info: 7
Street Name: Shangri La
Street Number: 5
StreetNumberNumeric: 5
Street Suffix: Lane
Structure Type: Side/Side
Annual Taxes: 6876
Water Source: Connected, Public
Year Built: 1944

Address: 5 7 Shangri La Lane
State/County:
Zip: 02842
Country: US

Other Features
Attic
Dishwasher
Dryer
Electric Water Heater
Has Cooling System
Has Heating System
Insulation (Ceiling)
Insulation (Floors)
Insulation (Walls)
Microwave
Oven/Range
Plumbing (Copper)
Plumbing (Mixed)
Plumbing (PEX)
Property Attached
Refrigerator
Stairs
Wall (Dry Wall)
Wall (Paneled)
Washer

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$ 5,030.80
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,968.30

Sun 29 Mar
Mon 30 Mar
Tue 31 Mar
Wed 01 Apr
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Tue 07 Apr
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DISCLAIMER TEXT: 5 7 Shangri La Lane | 983871 : IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.

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