Search
Gutted Two-Family Conversion Opportunity
For Sale
$319,000

149 Front Street, Lincoln, RI 02865

Two-family residence with 2 bedrooms and 1 bathroom plus attic space for possible expansion and a one-car garage.

Property SizeContact for details
Days on Market190

Property Features for 149 Front Street

General Information

Standard status Active
Property subtype Multi-family
Lease Term []

Additional Details

Highway Access Yes

Building Details

Year Built 1940
Listing Agency: REALPRO by The Water
Listed By: The Realpro Group
Source: Teridegnan
Added: Feb 14 Changed: Aug 23 Last Checked: Aug 22 at 9:17AM

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 REALPRO by The Water

Investment Insights

Based on property information with market context.

This property is currently configured as a two-family with 2 bedrooms and 1 bathroom, along with additional attic space that may support expansion. The home has been fully gutted, offering a clean slate for a buyer to complete the interior improvements and finish the conversion work in line with prior approvals.

The scope of pre-development work already completed includes a survey, approved plans, and engineering, along with a letter from the town supporting conversion from a commercial office to a two-family. Conversion is contingent on pulling permits and completing required work per town approvals. The property also includes an oversized one-car garage and ample off-street parking.

Centrally located in a sought-after Lincoln area, the property is described as being just minutes to major highways, multiple exits, and Lincoln Woods State Park.

Key Highlights

  • Two‑family residence (year built 1940) with 2 bedrooms and 1 bathroom plus additional attic space for possible expansion
  • Property has been fully gutted, offering a clean slate for customization
  • Conversion work includes completed survey, approved plans, engineering, and a town letter supporting conversion from commercial office to a two‑family

Property Analytics

Current Use

W R Bessette ... Construction Company

Suggested Use

Top Pick Law Firm Daycare Center Garden Center (Bike/Boat/Book/etc) Store Locksmith Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

279
Businesses Nearby

Demographics for 02865, RI

17,902
Population
7,079
Households
2.5
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
16.5 sq mi
ZIP Area
1,085
Density / Sq Mi
$117,042
Median Household Income
$59,949
Median Earnings
$1,206
Median Rent
$427,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two-family residence with 2 bedrooms and 1 bathroom plus attic space for possible expansion and a one-car garage.
Where is this duplex located?
The property is located at 149 Front Street Lincoln, RI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑family residence (year built 1940) with 2 bedrooms and 1 bathroom plus additional attic space for possible expansion; Property has been fully gutted, offering a clean slate for customization; Conversion work includes completed survey, approved plans, engineering, and a town letter supporting conversion from commercial office to a two‑family
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message