4-Unit Multifamily with
For Sale
$749,000
Pending
96 Main Street, Lincoln, RI 02865
Residential Income, Lincoln, RI
Property Size4,825 SF
Lot Size0.32 Acres
Days on Market49
Property Features for 96 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 9, Bedroom 7, Bedroom 10, Bathroom 1, Bathroom 2, Basement, Bedroom 6, Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2
Parking
10
Interior features
Wall (Dry Wall), Wall (Plaster), Wall (Wood), Attic, Attic Stairs, Attic Storage, Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Unfinished, Full, Storage Space
Appliances
Dryer, Oven, Range, Refrigerator, Washer
Subdivision
Albion
Lot features
Out Building, Paved Driveway, Paved
Standard status
Pending
Size
4,825 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9756
Utilities
Heating system
Natural Gas, Baseboard
Amenities
large yard
Building Details
Year built
1850
Floors in Building
3
Number of units
4
Flooring type
Tile - Ceramic, Carpet, Hardwood, Laminate
Building materials
Dry Wall, Plaster, Wood Wall(s), Brick, Vinyl Siding
Additional Structures
Storage
Listing Agency:
Re/Max Properties · RE/MAX International
(401) 232-3900
Listed By:
Scott McGee · License #S32155
(401) 639-2906
Added: Aug 26
Changed: Sep 26
Last Checked: Oct 13 at 1:06PM
MLS# 1421675
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 4-unit multifamily property contains 4,825 square feet on a 0.32-acre lot. The building dates to 1850 and includes four garage bays. All four units are occupied, and each has separate utilities, natural gas heat, and an individually owned hot water tank. Hardwood flooring is among the finishes, while one residence has a townhouse-style arrangement with three bedrooms. The roof is reported to be one year old.
Situated on Main Street in Lincoln, the property combines residential space with on-site garage capacity. Its unit mix includes the three-bedroom townhouse-style residence, and the remaining units contribute to a four-unit configuration. Laundry appliances and kitchen appliances are also listed, including a washer, dryer, oven, range, and refrigerator.
Situated on Main Street in Lincoln, the property combines residential space with on-site garage capacity. Its unit mix includes the three-bedroom townhouse-style residence, and the remaining units contribute to a four-unit configuration. Laundry appliances and kitchen appliances are also listed, including a washer, dryer, oven, range, and refrigerator.
Key Highlights
- Four‑unit multifamily building with all units occupied
- 4,825 square feet on a 0.32‑acre lot
- Four individual garage bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,760
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,200
$1.3M
Cap Rate 7%
$910,857
$910.9K
Cap Rate 9%
$708,444
$708.4K
Market Conditions
NOI Build-Up for 4,825 SF
Gross rent
$123.3K $25.56/SF
− Vacancy
−$7.4K −$1.53/SF
EGI
$115.9K $24.03/SF
− OpEx
−$52.2K −$10.81/SF
NOI
$63.8K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,200
Cap Rate 7%
$910,857
Cap Rate 9%
$708,444
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,339 @ 7.0% cap · market cap 10.73%
Second Best
Apartment 5plus
$910.9K
$797.0K – $1.06M
NOI $63,760 @ 7.0% cap · market cap 8.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate utilities, gas heat, and a townhouse-style residence distinguish the building’s rental configuration.
Where is this quadplex located?
The property is located at 96 Main Street Lincoln, RI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Four‑unit multifamily building with all units occupied; 4,825 square feet on a 0.32‑acre lot; Four individual garage bays
