3-Unit
For Sale
$679,700
142 Lincoln Avenue, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size4,128 SF
Lot Size0.10 Acres
Price / SF$164.66
Days on Market55
Property Features for 142 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Basement, Bedroom 1
Parking
3
Parking features
None
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Basement
Unfinished, Full
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Standard status
Active
Size
4,128 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6454
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Filomena ALTIERI
(401) 486-2001
Added: Aug 20
Changed: Sep 26
Last Checked: Oct 13 at 3:06PM
MLS# 1421203
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 three-unit residential property contains 4,128 square feet across six bedrooms and three bathrooms. Built in 1920, it includes a basement and porch, with ceramic tile and hardwood flooring. The building has vinyl siding and mixed drywall and plaster interior finishes.
Natural-gas baseboard heat is provided separately in each unit. The property occupies a 0.0978-acre lot and is zoned R-3.
Natural-gas baseboard heat is provided separately in each unit. The property occupies a 0.0978-acre lot and is zoned R-3.
Key Highlights
- Three residential units with separate natural‑gas baseboard heating
- 4,128 square feet of building area
- Six bedrooms and three bathrooms
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own natural-gas baseboard heating system.
Where is this triplex located?
The property is located at 142 Lincoln Avenue 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: Three residential units with separate natural‑gas baseboard heating; 4,128 square feet of building area; Six bedrooms and three bathrooms
