1 Shangri-La Ln

Middletown, RI 02842

$920,000
Price
4
Beds
2,655 Sq. Ft.
$347 / Sq. Ft.
2,655
Sq. Ft.
$347
per Sq. Ft.
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Description

Completely renovated from top to bottom, this impressive side-by-side duplex offers a perfect balance of modern design, comfort, and versatility ideal for both owner-occupants and savvy investors alike. Ideally located just off Boulevard, less than 3 miles from First and Second Beach and only 1 mile from downtown Newport, it's a rare opportunity to own a fully updated property in one of Aquidneck Island's most desirable coastal neighborhoods. Each townhouse-style unit features two spacious bedrooms...Completely renovated from top to bottom, this impressive side-by-side duplex offers a perfect balance of modern design, comfort, and versatility ideal for both owner-occupants and savvy investors alike. Ideally located just off Boulevard, less than 3 miles from First and Second Beach and only 1 mile from downtown Newport, it's a rare opportunity to own a fully updated property in one of Aquidneck Island's most desirable coastal neighborhoods. Each townhouse-style unit features two spacious bedrooms and one full bath, with open-concept layouts and brand-new full kitchens showcasing modern cabinetry, countertops, appliances, and lighting. Every surface has been refreshed with refinished hardwood floors, updated electrical and LED fixtures, and energy-efficient mini-split systems for year-round comfort. The improvements extend to the exterior with a new front fa ade, new interior and exterior doors, new walkways, new entry lighting, and fresh landscaping that enhance the home's curb appeal. Each unit also includes private patios, in-unit laundry, and full dry basements offering ample storage space. Set on a generous corner lot, the property provides off-street parking for up to five vehicles and a spacious backyard perfect for entertaining or relaxing outdoors. Move-in ready and minutes from beaches, shops, restaurants, and downtown Newport, this turnkey duplex delivers it all modern living, prime location, and excellent investment potential

Property Details for 1 Shangri-La Lane

Subdivision Name
Fenner Ave
LISTING UPDATED: 12/13/2025 12:21 AM

Property Details for 1 Shangri-La Lane

StatusActive
MLS #1399313
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1944
Lot Size0.15 AC / 6,534 SF
CountyNewport County

Location

Listing Courtesy of Residential Properties Ltd.
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Building Information for 1 Shangri-La Lane

Stories2Residences2Year Built1944Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$4,546 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,546

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Shangri-La Lane

Summary
Location and General Information
  • City: Middletown
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts
  • Postal City: Middletown
  • Postal Code: 02842
  • State Or Province: RI
  • Zoning: R10
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $.00
  • Tax Assessed Value: 264500
  • Tax Lot: 19
  • Tax Map Number: 109
Property
Lot Information
  • Above Grade Fin SQFT: 2655.0
  • Building Area Total: 2655.0
  • Frontage Length: 0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.15
  • Lot Size Area: 6534.0
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 13SHANGRI-LALANEMDLT
  • Stories Total: 2
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1944
Utilities
  • Electric: Amps200Or More, Separate Meters
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Combination
Interior Features
  • Appliances: Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Vinyl
  • Heating: Baseboard, Ductless, Electric, Gas
  • Heating Y N: Yes
  • Interior Features: Interior Steps, Stall Shower
  • Laundry Features: In Unit
  • Rooms Total: 10
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $3,000.00
  • Type: TwoBedroom
  • Occupant Type: Vacant
  • Unit Type Area: 900.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $3,000.00
  • Type: TwoBedroom
  • Occupant Type: Vacant
  • Unit Type Area: 900.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 1 Shangri-La Lane

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Price Change

Rhode Island Association of REALTORS® #1399313

$920,000—
Nov 6, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1399313

$950,000—
Aug 21, 2025

Sold

Rhode Island Association of REALTORS® #1390720

$650,000—
Jul 23, 2025

Contract Signed

Rhode Island Association of REALTORS® #1390720

—
Jul 23, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1390720

$700,000—
Jul 30, 1995

Sold

Rhode Island Association of REALTORS® #512330

$127,500—
Jun 20, 1995

Contract Signed

Rhode Island Association of REALTORS® #512330

—
Jun 16, 1995

Listed (Active)

Rhode Island Association of REALTORS® #512330

$135,000—
DateEvent & SourcePrice
12/01/2025

Price Change

Rhode Island Association of REALTORS® #1399313

$920,000
11/06/2025

Listed (Active)

Rhode Island Association of REALTORS® #1399313

$950,000
08/21/2025

Sold

Rhode Island Association of REALTORS® #1390720

$650,000
07/23/2025

Contract Signed

Rhode Island Association of REALTORS® #1390720

—
07/23/2025

Listed (Active)

Rhode Island Association of REALTORS® #1390720

$700,000
07/30/1995

Sold

Rhode Island Association of REALTORS® #512330

$127,500
06/20/1995

Contract Signed

Rhode Island Association of REALTORS® #512330

—
06/16/1995

Listed (Active)

Rhode Island Association of REALTORS® #512330

$135,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1 Shangri-La Lane

This home is within Middletown School District.
Rating
School
Type
Grades
Distance
Aquidneck School
Public - PK to 3
Joseph H. Gaudet School
Public - 6 to 8
Middletown High School
Public - 9 to 12
Joseph Gaudet Academy
Public - 4 to 5
Rating
School
Distance
Aquidneck School
PublicPK to 3

Joseph H. Gaudet School
Public6 to 8

Middletown High School
Public9 to 12

Joseph Gaudet Academy
Public4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1 Shangri-La Lane, Middletown, RI 02842

1 Shangri-La Lane is a multi-family home for sale in Middletown, RI 02842. This property was listed for sale on November 6, 2025 by Residential Properties Ltd., it's currently listed at $920,000. It has been on the market for a total of 41 days and was last sold on August 21, 2025. This listing's school district is Middletown School District. Nearby schools include Aquidneck School, Joseph H. Gaudet School and Middletown High School. 1 Shangri-La Lane is a 4-bed, 2-bath, 2,655 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Residential Properties Ltd.

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.