51 Underwood Lane
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$560,000

51 Underwood Lane
Middletown, RI 02842
Listed by Christine Fera
Bedrooms
3
Bathrooms
2
Living area
1,630 sqft
Year built
1900

About this home

Situated close to Newport’s vibrant dining, boutique shopping, and waterfront activities, this 3-bed colonial is ready for its next chapter. The home requires updating, but the location alone makes it well worth the effort. Featuring a spacious 4 car detached garage—ideal for vehicles, equipment, or future expansion—this property offers strong upside for investors, contractors, or buyers looking to renovate and build equity. Opportunities in this area don’t come around often. This is an estate sale. Buyer to do own due diligence. Property has passed probate. Taxes are approximate.

Property details

MLS #
1418157
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
11
On market date
July 21, 2026
Stories
N/A
Garage spaces
4
Lot size
0.41 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
0.65 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
744
Student:teacher ratio
10.9:1
District
Newport
Middle
Gaudet Middle School
1.29 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
463
Student:teacher ratio
11.3:1
District
Middletown
High
Middletown High School
0.92 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
620
Student:teacher ratio
11.9:1
District
Middletown

Mortgage calculator

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Est. monthly payment
$3,522/mo
$112,000 down
$448,000 loan
Principal & interest$2,906
Property tax (est.)$467
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 9 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.