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Three-Unit Triplex
For Sale
$549,900

37 Central Street, Lincoln, RI 02838

All three residences are occupied, with updates completed in two of the units.

Property SizeContact for details
Days on Market219

Property Features for 37 Central Street

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 3 x 2BR
Multifamily Units 3

Additional Details

Tenant in Place Yes

Amenities

Baseboard
Gas
Space Heater
Window Unit(s)
Wall Unit(s)
Gas Water Heater
Oven
Range
Refrigerator
Sewer Connected

Building Details

Year Built 1900
Buildings 1
Stories 3
Listing Agency: Westcott Properties
Listed By: David Zuller · License #REB.0200492
Source: Kw
Added: Mar 27 Changed: Oct 31 Last Checked: Oct 31 at 3:40AM

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 Westcott Properties

Rey
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Investment Insights

Based on property information with market context.

This residential triplex contains three two-bedroom units and dates to 1900. The first- and third-floor residences have been updated; the remaining apartment is positioned for further improvements. The building is fully rented and has connected sewer service. Heating and cooling features include baseboard and space-heater systems, window units, and wall units, with a gas water heater.

The property is being marketed individually, but the seller requires it to close at the same time as two other separately deeded three-family properties in a shared-parking portfolio. Together, the three buildings contain nine units.

Key Highlights

  • Three two‑bedroom apartments
  • All three units are currently rented
  • First- and third‑floor units have been updated

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

154
Businesses Nearby

Demographics for 02838, RI

3,801
Population
1,546
Households
2.5
Avg Household Size
38
Median Age
49%
College-Educated
91%
High-School Grad
1.4 sq mi
ZIP Area
2,715
Density / Sq Mi
$82,075
Median Household Income
$51,989
Median Earnings
$1,311
Median Rent
$327,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three residences are occupied, with updates completed in two of the units.
Where is this triplex located?
The property is located at 37 Central Street Lincoln, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three two‑bedroom apartments; All three units are currently rented; First- and third‑floor units have been updated
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