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Income-Generating Multifamily Property For Sale

144 Railroad Street, Lincoln, RI 02838

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For Sale

$1,500,000

Fully occupied 7-unit multifamily property with updated market rent.

Type:Commercial

HighLights

High Income Potential: Generate $9500 monthly from this fully‑occupied 7‑unit building.
Renovated Units: Enjoy the appeal of 6 completely renovated units, offering modern living.
Multi‑Unit Structure: Features five 3‑bedroom units, one 2‑bedroom unit, and one studio apartment.
Ample Parking: Offers off‑street parking for 10 cars, with additional street parking available.
Updated Systems: Benefit from new electrical, boilers, and hot water heaters for low maintenance.
Property is up to fire code.

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Listing Contact

Kyle Seyboth

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For Sale

$1,500,000

Fully occupied 7-unit multifamily property with updated market rent.

Type:Commercial

Added:: Oct 14, 2025
Days on Market:: 245
Last Refresh:: Apr 25 at 6:30 am

Property Features for 144 Railroad Street

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

Kyle Seyboth

Listing agent Kyle Seyboth License #REB.0794296

Listing office Century 21 Limitless

Listing date Oct 14, 2025

Source Liongatere

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 Century 21 Limitless

HighLights

High Income Potential: Generate $9500 monthly from this fully‑occupied 7‑unit building.
Renovated Units: Enjoy the appeal of 6 completely renovated units, offering modern living.
Multi‑Unit Structure: Features five 3‑bedroom units, one 2‑bedroom unit, and one studio apartment.
Ample Parking: Offers off‑street parking for 10 cars, with additional street parking available.
Updated Systems: Benefit from new electrical, boilers, and hot water heaters for low maintenance.
Property is up to fire code.

Overview

This income-generating property features seven units. Five units offer three bedrooms, dine-in kitchens, and an open living room area. One unit provides two bedrooms with the same layout, and the last unit is a spacious studio. Six of the seven units have been completely renovated and offer access to a shared front balcony. Off-street parking is available for up to 10 cars, with each unit having one parking spot, and additional 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 $9500 in monthly income and is fully occupied.

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Local Demand

City: Lincoln
County: Providence
State: Rhode Island
Longitude: -71.476153
Latitude: 41.9723064

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For sale
Apartment buildings
RI
Lincoln
02838
144 Railroad Street

What type of property is this?

Apartment building - Fully occupied 7-unit multifamily property with updated market rent.

Where is this apartment building located?

The property is located at 144 Railroad Street 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: Generate $9500 monthly from this fully‑occupied 7‑unit building.; **Renovated Units:** Enjoy the appeal of 6 completely renovated units, offering modern living.; Multi‑Unit Structure: Features five 3‑bedroom units, one 2‑bedroom unit, and one studio apartment.