144 Railroad Street Lincoln, RI 02838
COMMERCIAL - Lincoln, RI
Property Features for 144 Railroad Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Rooms
- Basement
- Parking
- 10
- Basement
- Full
- Standard status
- Active
- Size
- 5,200 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 7895
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1900
- Number of units
- 7
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Oct 14, 2025
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.
Key Highlights
- High income potential: $9500 monthly income.
- Fully occupied, income‑generating 7‑unit building.
- 6 out of 7 units recently renovated.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.9k | $25.56 |
| − Vacancy | −$8.0k | −$1.53 |
| EGI | $124.9k | $24.03 |
| − OpEx | −$56.2k | −$10.81 |
| NOI | $68.7k | $13.21 |
