Multi Family at 28 Ludlow Road, Middletown
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$535,000

28 Ludlow Road
Middletown, RI 02842
Listed by Patrick McGrath
Bedrooms
5
Bathrooms
2
Living area
N/A
Year built
1954

About this home

Great opportunity for affordable property on Aquidneck Island. Side by Side 2 family. 3 bedroom in Unit B is just about move in ready. Fresh paint, wide pine floors, easy layout with open kitchen and laundry area. Private backyard area with storage shed and deck. Unit A is two bedroom and it is ready for your own ideas on the best way to show its potential. Endless possibilities to open it up to single family living, or live in one side and gain income from the other. Exterior is easy care vinyl siding and the roof is less than 10 years old. Both units have their own front gated yards and private spaces outside. Shared driveway for two cars total, or dedicate the parking to one of the units as street parking is easily accessible.

Property details

MLS #
1419887
Property type
Multi Family
Subdivision
Buck Rd.
Status
Active
Days on market
30
On market date
August 5, 2026
Stories
1
Total bathrooms
2
Garage spaces
N/A
Parking spaces
2
Lot size
0.17 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Forest Avenue School
0.27 mi away · Grades 0-3
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
306
Student:teacher ratio
14.6:1
District
Middletown
Middle
Gaudet Middle School
0.64 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
0.42 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

Walkability

Blended score for Middletown's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks5
Schools13
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Middletown, from live MLS data.

On the market 30 days -- 58 fewer days than Middletown's current average of 88 days.
For reference, the median list price across 210 active listings in Middletown right now is $16,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,372/mo
$107,000 down
$428,000 loan
Principal & interest$2,776
Property tax (est.)$446
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated September 4, 2026.

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.