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176 RAILROAD Street Lincoln, RI 02838

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For Sale
$4,637,000

COMMERCIAL - Lincoln, RI

Type:Apartment
Property size:
52,658 SF
Lot size:
1.75 Acres
Added:
Apr 21, 2026
Days on Market:
2
Last Refresh:
Apr 22 at 7:06 am

Property Features for 176 RAILROAD Street

General Information

Property type
Commercial Sale
Property subtype
Apartment
Zoning
MIXED
Parking
63
Interior features
Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft), Ceiling Height (12 to 15 Ft)
Standard status
Active
Size
52,658 SF
Lot size
1.75 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
50010

Utilities

Sewer type
Public Sewer

Building Details

Year built
1900
Floors in Building
3
Building materials
Frame

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Listing Contact
James Luth
James Luth

Listing agent James Luth

Listing office Here Realty 875 Oaklawn Avenue, Cranston, RI

Listing date Apr 21, 2026

MLS# 1410603

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.


Overview

Multifamily Portfolio with Commercial Garages

This portfolio package features a 34-unit multifamily property across six Rhode Island locations, complemented by 11 commercial garage bays at 0 Parker St, Woonsocket, and an additional 7 detached garages at 62 Spring St, Lincoln. The unit mix comprises 2 one-bedroom, 12 two-bedroom, 17 three-bedroom, and 3 four-bedroom units, totaling 89 bedrooms. The actual gross for 2025 is $522,466. The occupancy rate is 94.1 percent, with 32 of 34 units currently occupied. The properties aggregate 52,658 square feet on 1.75 acres. Included are: 176-180 Railroad St, Lincoln, a 9-unit building with 13,073 square feet on 0.20 acres, built in 1900 with vinyl siding and hip roofs, featuring a new roof as of 2023; 48-56 Providence St plus 0 Parker St, Woonsocket, offering 7 units and 11 garage bays, totaling 8,868 square feet on 0.66 acres, built in 1900; 372 Old River Rd, Lincoln, a 7-unit building with 11,442 square feet on 0.42 acres, constructed in 1920, with gas boilers replaced between 2019 and 2021, and a detached garage; 60 Spring St, Lincoln, a 5-unit building with 12,666 square feet on 0.15 acres, built in 1900, featuring vaulted ceilings and skylights, with a new flat roof planned for 2025; 54 Spring St, Lincoln, a 3-unit townhouse-style building with 2,604 square feet on 0.12 acres, built in 1890; and 62 Spring St, Lincoln, a 3-unit building with an additional 7 detached garages, totaling 4,005 square feet on 0.20 acres, built in 1900. The properties are located in Lincoln and Woonsocket, Rhode Island. The properties can be sold individually or as a package.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
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City
Lincoln
County
Providence
State
Rhode Island
Longitude
-71.477036
Latitude
41.972828

FAQs

What type of property is this?
Apartment building - 34-unit multifamily portfolio plus commercial garages in Rhode Island.
Where is this apartment building located?
The property is located at 176 RAILROAD Street Lincoln, RI.
What is the asking price?
The asking price for this property is $4,637,000.
What are key features of this property?
This property features: Portfolio package of 34 multifamily units across 6 properties plus commercial and detached garages.; High occupancy rate of 94.1% (32 of 34 units occupied).; Substantial gross income of $522,466 in 2025.
More about this property
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