For Sale
Multi family home for sale at 515 Indian Ave, Middletown, RI 02842 | MLS# 1411471 | Listing updated on 2026-09-02
Photo 1 of Multi family home for sale at 515 Indian Ave, Middletown, RI 02842 | MLS# 1411471 | Listing updated on 2026-09-02
Photo 2 of Multi family home for sale at 515 Indian Ave, Middletown, RI 02842 | MLS# 1411471 | Listing updated on 2026-09-02
Photo 3 of Multi family home for sale at 515 Indian Ave, Middletown, RI 02842 | MLS# 1411471 | Listing updated on 2026-09-02
Photo 4 of Multi family home for sale at 515 Indian Ave, Middletown, RI 02842 | MLS# 1411471 | Listing updated on 2026-09-02
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$7,900,000

Monthly Est:$39,321

  • Beds Icon4 Beds
  • Beds Icon
    6 Baths
  • Beds Icon6,131sqft

515 Indian Ave, Middletown, RI 02842

$39,321/moEst:

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  • Multi Family

  • Built in 1988

  • $-- HOA

  • 1.7 acres lot

  • $1,289/sq.ft

Description

WATERFRONT on INDIAN AVENUE. C ad M le F ilte, One Hundred Thousand Welcomes. An extraordinary waterfront compound located on the historic grounds of Stonybrook Estate. The property features a 4,609 square foot Manor House built in 1988, a historically significant 1,522 square foot Horace Trumbauer Gate House constructed in 1935, and a gunite pool with cabana overlooking the Sakonnet River. This gracious contemporary home was custom-designed with traditional elements including a steeply pitched slate roof, tall gables and half-timbering. Through the front door is a comfortable, open floor plan with stunning water views from nearly every room. The kitchen, living, dinin...

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  • Houzeo last checked: 6 minutes ago
  • Listing updated: September 2, 2026 at 4:22 am
  • Listing Provided by: Alexandra Thursby (401) 266-9900 DRE #RES.0035586 | Mott & Chace Sotheby's Intl. (401) 250-0095
  • Source: RI StateWide MLS-RI | MLS#: 1411471 RI StateWide MLS-RI

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Newport County

  • City

    Middletown

  • Neighborhood

    --

  • Year Built

    1988

  • HOA Fees

    -

  • Finished Area

    6,131 sqft

  • Lot Size

    1.7 acres lot

  • Basement Area

    - sqft

  • MLS Name

    RI StateWide MLS

  • MLS Number

    1411471

  • MLS Status

    Active

  • Days on Market

    142

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Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 4

    Bathrooms: 6

Interior

  • Sewer

    Septic Tank

  • Exterior Features

    Deck, Patio

  • Heating

    Forced Air, Oil

  • Appliances

    Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer

  • Interior Features

    Attic, Wet Bar, Cedar Closets, Stall Shower, Tub Shower

  • Flooring

    Ceramic Tile, Hardwood, Carpet

  • Cooling

    Central Air

  • Window Features

    Thermal Windows

Construction

  • Year Built

    Year Built: 1988

  • Home type

    Multi Family

  • Construction Materials

    Drywall, Masonry

  • Foundation Details

    Concrete Perimeter

Utilities & Energy

  • Parking Features

    Attached, Garage

  • Fireplace Features

    Masonry, Stone

  • Electric

    Amps200or More

  • Utilities

    Underground Utilities

  • Water Source

    Private, Well

  • Pool Features

    In Ground

  • Security Features

    Security System Owned

  • Basement

    Full, Interior Entry, Unfinished

Other Features

  • Community Features

    Golf, Marina, Near Hospital, Near Schools, Pool, Recreation Area, Restaurant, Shopping, Tennis Courts

  • Lot Features

    Private, Secluded, Waterfront

  • Patio And Porch Features

    Deck, Patio

Price History

DateEventPrice

08/21/2026

Source: mls_logoRI StateWide MLS-RI #1411466

Price Decreased

$7,900,000 -4.76%

$1,289/sqft

04/30/2026

Source: mls_logoRI StateWide MLS-RI #1411466

Price Decreased

$8,295,000 -2.12%

$1,353/sqft

09/10/2025

Source: mls_logoRI StateWide MLS-RI #1394051

Listed for Sale

$8,475,000

$1,382/sqft

09/10/2025

Source: mls_logoRI StateWide MLS-RI #1394051

Off Market

$8,475,000 +120971.43%

$1,382/sqft

09/03/2025

Source: mls_logoRI StateWide MLS-RI #1393080

Listing Removed

$7,000 -87.27%

$1/sqft

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Based on information from State-Wide MLS through Sep 20, 2026, 03:45PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 State-Wide MLS, Inc. All rights reserved.

Advertising Broker: Derek Greene | The Greene Realty Group

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