140 Lincoln Avenue
Central Falls, RI 02863
- 15 beds
- 6 baths
- 7,968 sqft
- 5,750 sqft lot
- $111 per sqft
- 1920 build
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This exceptional 15 Bedroom, 6 bath, HIGH CASH FLOW investment property in Central Falls, RI, includes two 3-unit houses, offering an excellent opportunity for investors or owner-occupants. The Front building has 3 Three bedroom, 1 bath units. The back house has 3 two bedrooms, 1 bath units. Many of the units have been remodeled and updated with all units having their own gas and electric meters for easy management and cost efficiency. The property also includes 6 off-street parking spaces, a rare and valuable feature in this area, providing added convenience for tenants. The units are fully rented with strong current rents and significant potential for future increases, making this an ideal income-generating property. Whether you're looking to expand your portfolio or live in one unit while collecting rent from the others, this property has tremendous upside. Don't miss this opportunity schedule your showing today!
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Last updated Apr 22, 2025
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MLS# 1377025 —
The Building
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Year Built:1920
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New Construction:false
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Building Area Total:7968.0
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Construction Materials:VinylSiding
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Structure Type:Apartment
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Stories Total:3
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Basement:ExteriorEntry,Full,InteriorEntry,Unfinished
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Basement:true
Interior
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Flooring:Laminate,Other
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Fireplace:false
Room Dimensions
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Living Area Source:Other
Location
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Latitude:41.891521
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Longitude:-71.391692
The Property
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.132
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Lot Size Area:5750.0
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Lot Size Square Feet:5750.0
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Lot Size Units:SquareFeet
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Parcel Number:140LINCOLNAVCFLS
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Zoning:R-3
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (774) 451-0059
- Office phone:
- (508) 677-3233
Taxes
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Tax Year:2024
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Tax Annual Amount:9557.0
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Tax Assessed Value:508100
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Tax Lot:54
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Tax Block:04
Beds
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Bedrooms Total:15
Baths
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Total Baths:6
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Full Baths:6
Heating & Cooling
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Heating:Baseboard,Gas
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Electric:CircuitBreakers
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:WaterHeater
The Community
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Senior Community:false
Parking
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Parking Total:6.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/25
Mar 24, 2025
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Sold | RIMLS | $887,000 | 2.0% |
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2/7/25
Feb 7, 2025
|
Pending | RIMLS | $870,000 | |
|
1/27/25
Jan 27, 2025
|
Listed / Active | RIMLS | $870,000 |
