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Under-Construction Duplex With Expansion Potential
For Sale
$319,000

149 Front Street, Lincoln, RI 02865

MULTI_FAMILY - Lincoln, RI

Property Size2,266 SF
Lot Size0.17 Acres
Price / SF$140.78
Days on Market99

Property Features for 149 Front Street

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 3, Bathroom 1
Parking 2
Basement Full, Unfinished
Standard status Active
Size 2,266 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6632

Utilities

Sewer type Cesspool

Building Details

Year built 1940
Floors in Building 3
Number of units 2
Building materials Vinyl Siding
Listing Agency: Realpro By The Water
Listed By: The Realpro Group
Added: May 1 Changed: Aug 4 Last Checked: Aug 7 at 10:06PM
MLS# 1411539

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 under-construction duplex is currently configured as a two-family with 2 bedrooms and 1 bathroom, plus additional attic space that may support expansion. The home has been fully gutted, creating a clean slate for interior customization. Significant pre-development work has already been completed, including a survey, approved plans, engineering, and a letter from the town supporting conversion from a commercial office to a two-family. The conversion is contingent on pulling permits and completing the required work per town approvals.

Built in 1940 with vinyl siding, the property includes an oversized one-car garage that offers potential for a future ADU, subject to buyer due diligence. Ample off-street parking is included. The property is served by a cesspool sewer system.

Set on a 0.1722-acre lot and totaling 2,266 square feet, this duplex is located in Lincoln, with proximity to Lincoln Woods State Park.

Key Highlights

  • Two‑family duplex configuration with 2 bedrooms and 1 bathroom plus additional attic space for potential expansion
  • Fully gutted interior for new build‑out and customization, property condition listed as under construction
  • Pre‑development work completed: survey, approved plans, engineering, and town letter supporting conversion 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

222
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
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Frequently Asked Questions

What type of property is this?
Duplex - Gutted two-family duplex with attic space for expansion, under construction, and an oversized one-car garage with off-street parking.
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 duplex configuration with 2 bedrooms and 1 bathroom plus additional attic space for potential expansion; Fully gutted interior for new build‑out and customization, property condition listed as under construction; Pre‑development work completed: survey, approved plans, engineering, and town letter supporting conversion to a two‑family
More about this property
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