I think the movie might be Ghosthouse. An italian Horror film from 1988.
It differs slightly, the house is not abandoned, it has a caretaker called Valkos, and the protagonists, Paul and Martha, are there because they heard strange screams on their radio and wanted to investigate. They also meet up with four more teens, Jim, Tina, Mark, and Susan who throughout the movie gets killed one by one.
The basement scene matches quite good though.
"In the basement they found an old doll, which looked creepy. Then suddenly people started dying. The doll was making some strange noises and then people died because some force dropped things on them / caused them to fall on stuff and so on."
Later that day, in the basement, Jim encounters the spirit of
Henrietta, who smiles at him in a macabre way, carrying the clown doll
in her arms, while the terrifying lullaby music begins to sound.
Unable to move and escape, Jim begins to scream desperately, just as
he was heard screaming on Paul's recording from the day before. An old
and rusty fan begins to move its blades on its own, until one of them
comes off, cutting Jim's neck, who dies instantly. Right after this,
Valkos, the caretaker of the house, tries to attack Tina, Susan and
Mark, who manage to escape him. When the police arrive to investigate
Jim's death, they wrongly assume that he was murdered by the deranged
Valkos, implying that the old man has a very strange fixation with the
house and considers it as his own.
Paul and Martha leave the house and carry out an investigation
regarding the previous owners of the place. Paul discovers that Sam
Baker (Henrietta's father) used to work as a funeral director and had
a habit of stealing personal items from the dead. He also finds out
that Henrietta's doll was actually a toy that her father had stolen
from a dead child. Paul and Martha return to the infamous house to
advise Mark, Tina, and Susan to leave, assuming they are in great
danger, but things do not go as planned. Finally, all the occupants of
the old house come face to face with Henrietta's spirit or witness
strange and supernatural events that result in their deaths. In the
end, only Paul, Martha and Susan survive the strange and deadly
events. Before leaving the place, Susan asks who Henrietta was, to
which Paul answers that she was a normal girl, until her father gave
her the clown doll.
Later, we see Martha and Paul talking a walk downtown, when Martha is
shocked to see the scary looking clown doll that Henrietta owned,
displayed in a store window. The clown begins to smile evily. After
this, while Paul is crossing the street, the traffic lights abruptly
go from red to green, which leads to Paul being hit by a bus, while
Martha screams, horrified.