Three-Unit Multifamily
For Sale
$679,700
142 Lincoln Ave, Central Falls, RI 02863
Residential income property with separate gas baseboard hot water heating serving each unit.
Property Size4,128 SF
Price / SF$164.66
Days on Market51
Property Features for 142 Lincoln Ave
General Information
Standard status
Active
Size
4,128 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
RI Real Estate Services
Listed By:
Filomena ALTIERI · License #RES.0021409
(401) 884-4100
Source:
Alpernandmesenbourg
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 7 at 3:56PM
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 RI Real Estate Services
Investment Insights
Based on property information with market context.
This 3-unit multifamily property contains 4,128 square feet and was built in 1920. Each residence has its own gas baseboard hot water heating system, providing separately served heating across the building. The property is configured for residential income use and may also suit an owner-occupant seeking to live on site while maintaining additional units.
Located at 142 Lincoln Ave in Central Falls, RI, the building is positioned within an established residential setting. The property is offered for sale and provides a three-unit configuration for evaluating rental operations or owner occupancy.
Located at 142 Lincoln Ave in Central Falls, RI, the building is positioned within an established residential setting. The property is offered for sale and provides a three-unit configuration for evaluating rental operations or owner occupancy.
Key Highlights
- 3‑unit multifamily property
- 4,128 square feet of building area
- Separate gas baseboard hot water heating in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,550
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,000
$1.1M
Cap Rate 7%
$779,286
$779.3K
Cap Rate 9%
$606,111
$606.1K
Market Conditions
NOI Build-Up for 4,128 SF
Gross rent
$105.5K $25.56/SF
− Vacancy
−$6.3K −$1.53/SF
EGI
$99.2K $24.03/SF
− OpEx
−$44.6K −$10.81/SF
NOI
$54.5K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,000
Cap Rate 7%
$779,286
Cap Rate 9%
$606,111
Alternative Uses
Best Use
Multifamily LT 5
$981.9K
$859.2K – $1.15M
NOI $68,733 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$779.3K
$681.9K – $909.2K
NOI $54,550 @ 7.0% cap · market cap 8.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with separate gas baseboard hot water heating serving each unit.
Where is this triplex located?
The property is located at 142 Lincoln Ave Central Falls, RI.
What is the asking price?
The asking price for this property is $679,700.
What are key features of this property?
This property features: 3‑unit multifamily property; 4,128 square feet of building area; Separate gas baseboard hot water heating in each unit
