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4 James St, Middletown, RI, 02842

7beds
6baths
5,144sqft
$1,800,000
$350price/sqft
$12,569/moest. monthly cost
$502,760/yrincome needed

About This Home

ATTENTION BUYERS - GREAT OPPORTUNITY TO PURCHASE A PROPERTY AS A FAMILY COMPOUND OR OWNER OCCUPIED WITH A SEPEARATE RENTAL UNIT OR INLAW APARTMENT – This property is currently a two-family but can maybe converted back to a single family. Turnkey two-family home has been completely upgraded and sits on Easton's Point within walking distance to the beach! You'll find 8 bedrooms (2 are ensuite) and 6 bathrooms with everything updated - bathrooms, central A/C, two kitchens, floors, two laundry washers/dryers, with all furniture included in the sale. Other highlights include an attached garage, deck, private and flat backyard, and parking for at least 8 cars. Floorplans allow for flexibility of customizing the size of each rental unit or splitting the space to your configuration preference for personal use and a rental unit. A large unfinished basement provides tons of storage space which may allow the adding of a finished living space/rec room. The property is currently seasonally rented until May 2026 and no bookings exist beyond May 2026. There is a current short term rental(SRT) registration and Airbnb summer rentals have been highly successful. Note: this listing is also shown as a multifamily listing under MLS listing #1394661.

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

10/10
Aquidneck SchoolGrades PK-30.8 mi
6/10
Joseph H. Gaudet SchoolGrades 6-82.3 mi
6/10
Middletown High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1956

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Dry Wall,Plaster

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow,Contemporary,Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Partial,Interior Entry,Unfinished,Storage Space,Utility

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Wall (Dry Wall),Wall (Plaster),Plumbing (Mixed),Plumbing (PVC),Insulation (Unknown)
  • Door features: Storm Door(s)
  • Flooring: Laminate
  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 5,144

Heating & Cooling

  • Heating features: Oil,Central Air,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,144
  • Total interior livable area: 5,144 sqft

Property

Details

  • Parcel number: MIDDM0122B00L31

Features

  • Patio & porch: Deck,Porch

Lot

  • Lot size: 0.25 Acres

Parking

  • Total spaces: 9
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Inland Flooding
Lightning
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,101$109,212
Home Insurance *$757$9,084
Property Taxes $1,664$19,968
Electricity $1,047$12,571
Total$12,569$150,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$430,937/yr
40% on housing$377,070/yr
45% on housing$335,173/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$350This listing

vs Other Active Listings

Avg $/sqft

ZIP 02842$406
Newport County$548

vs Homes Sold Last Month

Median $/sqft

ZIP 02842$380
Newport County$380

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-27Listed for sale$1,800,000
2026-03-21Contingent$1,800,000
2025-09-23Listed for sale$1,800,000
2024-04-14Listing removed--
2024-02-02Price change$3,460
2024-01-18Listed for rent$3,250
2024-01-17Listing removed--
2023-10-26Listed for sale$1,899,000
2023-09-26Listing removed--
2023-09-16Price change$3,250
2023-09-16Listed for rent$3,460
2019-09-17Listing removed$2,975
2019-09-13Price change$2,975
2019-09-11Listed for rent$2,900
2018-09-12Sold$593,000
2018-09-02Pending sale$649,000
2018-07-07Price change$649,000
2018-06-19Price change$699,000
2018-05-15Price change$749,900
2018-04-30Price change$799,900
2018-04-20Listed for sale$860,600
1999-12-10Sold$186,500

For Sale by Agent

AgentTeri Degnan
BrokerageTeri Degnan RE & Consulting

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