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144 Railroad St Railroad St Lincoln, RI 02838

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For Sale
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Seven-unit residential property, high cash flow.

Property Features for 144 Railroad St Railroad St

General Information

Property type
Land

Building Details

Year Built
1900
Buildings
1
Units
7

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Listing Contact
Kyle Seyboth
Kyle Seyboth

Listing Agency: Century 21 The Seyboth Team Listing Agent: Kyle Seyboth

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a fully occupied, seven-unit multifamily property situated on a 6,098 square foot lot in Lincoln, Rhode Island. Built in 1900, the property boasts one main building and offers a substantial monthly income of $9,500. Six of the seven units have undergone complete renovations, bringing them up to current fire codes and featuring updated electrical systems, boilers, and hot water heaters. Five units provide three spacious bedrooms, dine-in kitchens, and open living room areas, while one unit offers two bedrooms with a similar layout. The final unit is a generously sized studio. Six of the units share access to a convenient front balcony. Ample off-street parking is available for up to ten cars, with one designated spot per unit, supplemented by plentiful street parking. The property's strong rental history and updated amenities make it an attractive investment, offering significant cash flow potential for discerning buyers. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. The property is located at 144-145 Railroad Street, Lincoln, RI 02838.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Lincoln
County
Providence
State
Rhode Island
Longitude
-71.4762001
Latitude
41.972357

FAQs

What type of property is this?
Land - Seven-unit residential property, high cash flow.
Where is this land located?
The property is located at 144 Railroad St Railroad St Lincoln, RI.
What is the asking price?
The asking price for this property is $1,500,000.
(508) 786-8234 Call to check price and availability
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