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144 Railroad St Lincoln, RI 02838

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For Sale
$1,500,000

Fully occupied 7-unit property with updated market rent.

Property size:
5,200 SF
Lot size:
0.14 Acres

Property Features for 144 Railroad St

General Information

Standard status
Active
Size
5,200 SF
Lot size
0.14 Acres

Building Details

Year built
1900

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Listing Contact
Kyle Seyboth
Source: Corcoran

Listing Agency: Century 21 Limitless Listing Agent: Kyle Seyboth

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Income-Generating Multifamily Property For Sale

This income-generating property features seven units with updated market rent. Five units offer three bedrooms, dine-in kitchens, and an open living room area. An additional unit includes two bedrooms with a similar layout, and the last unit is a spacious studio. Six of the seven units have been completely renovated and provide access to a shared front balcony. Off-street parking is available for up to ten cars, with each unit having one parking spot, and ample street parking is also available. The property is up to fire code and includes new electrical systems, boilers, and hot water heaters. The property generates $9,500 monthly income and is fully occupied. The property size is 5,200 square feet.
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

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  • Local Demand
City
Lincoln
County
Providence
State
Rhode Island
Longitude
-71.476153
Latitude
41.9723064

FAQs

What type of property is this?
Apartment building - Fully occupied 7-unit 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 from a fully-occupied 7-unit building.; - Renovated Units: 6 out of 7 units are completely renovated, offering modern appeal.; - Multi-Unit Structure: Five units with 3 bedrooms, one unit with 2 bedrooms, and one studio apartment.
More about this property
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