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    Income-Generating Seven-Unit Multifamily Property

    144 Railroad Street Lincoln, RI 02838

    Claim this Listing
    For Sale
    $1,500,000

    COMMERCIAL - Lincoln, RI

    Type:Apartment
    Property size:
    5,200 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $288/SF
    Added:
    Oct 14, 2025
    Days on Market:
    271
    Last Refresh:
    Jul 11 at 6:06 pm

    Property Features for 144 Railroad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Rooms
    Basement
    Parking
    10
    Basement
    Full
    Standard status
    Active
    Size
    5,200 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    7895

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1900
    Number of units
    7

    Listing agent Kyle Seyboth License #REC.0005226

    Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

    Listing date Oct 14, 2025

    MLS# 1397712

    Copyright © 2026 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.

    Investment Insights

    Based on property information with market context.

    This income-generating property in Lincoln, Rhode Island, features seven units with updated market rents. Five units offer three bedrooms, dine-in kitchens, and an open living room area. One unit provides two bedrooms with a similar layout, and the last unit is a spacious studio. Six of the seven units have been completely renovated and offer access to a shared front balcony. The property includes off-street parking for up to 10 cars, with each unit having one parking spot, and additional street parking is available. The property is up to fire code and features new electrical systems, boilers, and hot water heaters. The property generates $9500 in monthly income and is fully occupied. The lot size is 0.14 acres, and the property size is 5200 square feet.

    Key Highlights

    • High income potential: $9500 monthly income.
    • Fully occupied, income‑generating 7‑unit building.
    • 6 out of 7 units recently renovated.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Dental Office Parking Lot & Garage Kitchen & Bath Showroom Electrical Service Skin Care Clinic HVAC Service Auto Parts Store Bakery

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied, renovated seven-unit multifamily property in Lincoln, Rhode Island.
    Where is this apartment building located?
    The property is located at 144 Railroad Street Lincoln, RI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High income potential: $9500 monthly income.; Fully occupied, income‑generating 7‑unit building.; **6 out of 7 units recently renovated.**
    Contact an agent
    (508) 726-3492
    We can help!
    Contact an agent
    Kyle Seyboth
    Real Estate License ID: REC.0005226
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