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40 Draper Avenue, Middletown, RI 02842

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For Sale

$640,000

1 beds • 1 baths • 796 sqft

Estimated Payment

$ 3,680 /mo. †

6.63% APR for 30 yrs.
$4,800 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $804.02
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Charming Beach Cottage. Nestled in a prime Middletown location just moments from multiple beaches, this delightful 1-bedroom coastal cottage offers the perfect blend of charm and convenience. Originally a 2-bedroom home, it could easily be converted back to suit your needs. Move-in ready, this home boasts an updated kitchen, newer windows, and a newer roof, ensuring comfort and efficiency. Situated on a desirable corner lot, the property features a spacious 2-car garage, offering ample storage and parking. Whether you re looking for a serene year-round retreat or a beachside getaway, this home provides endless possibilities. Being sold as-is as part of an estate, this is a fantastic opportunity to own a piece of Middletown s sought-after coastal lifestyle. Don t miss your chance to make this beachside gem your own!
MLS# 1377294

Courtesy Of Residential Properties Ltd.

(401) 619-5622

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Attic
  • Appliances
    Dryer, Microwave, Range, Refrigerator
  • Architecture Style
    Cottage
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Hardwood, Laminate, Tile, Tile - Ceramic
  • Lot Size
    0.26 Acres

Map and Directions

Directions to 40 Draper Avenue, Middletown, RI 02842

Home seller CENTURY 21 Topsail Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Topsail Realty

(401) 683-4900
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $3,280
  • Property Taxes
    $400
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $3,680

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Joseph Gaudet Academy

Grades 4 Public School

Middletown, RI 02842 1.5 miles
1113 aquidneck ave

151 total students
14:1 Student teacher ratio

School Rating: C+

School Details

Joseph H. Gaudet School

Grades 5-8 Public School

Middletown, RI 02842 1.5 miles
1113 aquidneck ave

619 total students
12:1 Student teacher ratio

School Rating: A-

School Details

Aquidneck School

Grades PK-3 Public School

Middletown, RI 02842 0.2 miles
70 reservoir rd

291 total students
12:1 Student teacher ratio

School Details

Middletown High School

Grades 9-12 Public School

Middletown, RI 02842 1.5 miles
130 valley rd

592 total students
11:1 Student teacher ratio

School Rating: C

School Details
Other Nearby Schools Distance Type Grades School Rating
St Michaels Country Day School 1.5 miles Private PK-8
Claiborne Pell Elementary School 1.6 miles Public PK-4 C-
Frank E. Thompson Middle School 1.8 miles Public 5-8 D+
Forest Avenue School 2 miles Public KG-3
All Saints Academy 2.1 miles Private PK-8
Newport Area Career Tech Center 3.1 miles Public 9-12
Rogers High School 3.1 miles Public 9-12 C-
Sea Rose Montessori Co-op 3.5 miles Private PK-3
Portsmouth Middle School 4 miles Public 5-8 A
The Pennfield School 4 miles Private PK-8

St Michaels Country Day School

Distance: 1.5 miles

Type Private

Grades: PK-8

Claiborne Pell Elementary School

Distance: 1.6 miles

Type Public

Grades: PK-4

C-

Frank E. Thompson Middle School

Distance: 1.8 miles

Type Public

Grades: 5-8

D+

Forest Avenue School

Distance: 2 miles

Type Public

Grades: KG-3

All Saints Academy

Distance: 2.1 miles

Type Private

Grades: PK-8

Newport Area Career Tech Center

Distance: 3.1 miles

Type Public

Grades: 9-12

Rogers High School

Distance: 3.1 miles

Type Public

Grades: 9-12

C-

Sea Rose Montessori Co-op

Distance: 3.5 miles

Type Private

Grades: PK-3

Portsmouth Middle School

Distance: 4 miles

Type Public

Grades: 5-8

A

The Pennfield School

Distance: 4 miles

Type Private

Grades: PK-8

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Middletown, RI 02842

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Middletown, RI 02842

This community’s employment is highest in the administrative support and education industries. The area’s overall household expenses are above the national average.

79° July
Hottest Average Month
22° January
Coldest Average Month
7,170 Total Households in Area
-1.6% Increase in population since the year 2010
24.7%
of households
have children
20 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Middletown, RI 02842

Middletown, RI 02842 has a population of 16,744 people in 7,170 households with a median age of 46.7 years old.

-1.6%
Decrease in population
since the year 2010
Population is Trending down
7,132
Total households as of 2010
2.7%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 46.7 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 77%
Hispanic 8%
Black 5%
Other 4%
Asian 3%
Native American <1%
The most prevalent ethnicity is White at 77%, followed by Hispanic at 8%, Black at 5%, and Other at 4%.

Economics
for Middletown, RI 02842

1,086 /sq mi
Population Density
$92,310 /yr
Median Household Income
$675,000
Median Sales Price
20 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 14.03% of the households.

Transportation to Work

  • Drive 91%
  • Work from Home 6%
  • Walk or Bike 4%
  • Public Transit 1%

Occupancy by Type

Owned 4,092 51%
Rented 3,078 38%
Vacant 901 11%

White vs Blue Collar Jobs







White Collar 83%
Blue Collar 17%

Family & Education Facts
for Middletown, RI 02842

46.7 Median Age

Average Household Size

2.3
persons per
household

45.4%

Married Households

Community Population By Education

Bachelors Degree 27%
Graduate Degree 23%
High School Graduate 20%
Some College 15%
Associates Degree 8%
Some High School 6%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 27.13% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
24.7% of households have children

Weather
for Middletown, RI 02842

The weather for this area ranges from a high of 79° F in July to a low of 22° F in January

79° July
Hottest Average Month
22° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
22°
38°
Feb
23°
39°
Mar
30°
45°
Apr
38°
55°
May
47°
64°
Jun
56°
73°
Jul
63°
79°
Aug
62°
78°
Sep
56°
72°
Oct
46°
62°
Nov
37°
52°
Dec
27°
42°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Middletown, RI 02842!
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Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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