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Updated Three-Family Property
For Sale
$599,000

124 Lincoln Street, Woonsocket, RI 02895

Two vacant units follow recent improvements, with off-street parking and a private backyard for residents.

Property Size5,296 SF
Price / SF$113.10
Days on Market20

Property Features for 124 Lincoln Street

General Information

Standard status Active
Size 5,296 SF
Property subtype MultiFamily

Additional Details

Public Transit Yes
Multifamily Units 3

Building Details

Year Built 1920
Listing Agency: Engel & Volkers Oceanside
Listed By: Kimberly Marion · License #RES.0042828
Source: Lockandkeyre
Added: Sep 8 Changed: Sep 26 Last Checked: Sep 26 at 9:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Oceanside

Investment Insights

Based on property information with market context.

124 Lincoln Street is a legal three-family property with 5,296 square feet of building area. Recent work includes new Navien on-demand heating systems serving Units 2 and 3, which are currently vacant after the improvements. Unit 1 includes central air conditioning, while off-street parking and a private backyard add practical resident amenities.

The property is located in Woonsocket’s Globe District, with access to local shopping, dining, public transportation, and commuter routes. The three-unit configuration supports either owner occupancy with rental income from other units or continued use as a multifamily investment property.

Key Highlights

  • Legal three‑family property with 5,296 square feet
  • New Navien on‑demand heating systems serving Units 2 and 3
  • Units 2 and 3 are vacant following improvements

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Kitchen & Bath Showroom HVAC Service Garden Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

742
Businesses Nearby

Demographics for 02895, RI

43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Two vacant units follow recent improvements, with off-street parking and a private backyard for residents.
Where is this triplex located?
The property is located at 124 Lincoln Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Legal three‑family property with 5,296 square feet; New Navien on‑demand heating systems serving Units 2 and 3; Units 2 and 3 are vacant following improvements
More about this property
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