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    144 Railroad St Lincoln, RI 02838

    For Sale
    $1,500,000

    Apartment,Commercial - Lincoln, RI

    Property size:
    5,200 SF
    Lot size:
    0.14 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 144 Railroad St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    10
    Exterior features
    Suburban
    Size
    5,200 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1900
    Number of units
    7
    Architectural style
    Other

    Century 21 Limitless (508) 726-3492 [email protected]

    Listing agent Kyle Seyboth (508) 567-3468

    Listing date Oct 14, 2025

    MLS# 1397712 Listing URL

    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.

    Overview

    Income-Generating Multifamily Property

    This income-generating property in Lincoln, RI, features seven units and offers cash flow with updated market rent. Five units have three bedrooms, dine-in kitchens, and an open living room area. One unit has 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 includes new electrical systems, boilers, and hot water heaters. The property generates $9500 monthly income and is fully occupied. The building size is 5200 square feet and the lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.476319
    Latitude
    41.97228

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 7-unit multifamily property with updated market rent.
    Where is this apartment building located?
    The property is located at 144 Railroad St 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 7-unit building.; - **6 out of 7 units recently renovated.**
    (508) 567-3468
    Request Owner's contact information
    144 Railroad St Lincoln, RI 02838
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    Lincoln, RI 02838
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    144 Railroad St Lincoln, RI 02838
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