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    Property profile & analytics

    144 Railroad St Lincoln, RI 02838

    • Commercial real estate
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US76-0361728
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 144 Railroad St

    Year built
    1900
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully occupied, seven-unit multifamily property situated on a 6,098 square foot lot at 144 Railroad Street in Lincoln, Rhode Island, zip code 02838. Built in 1900, the property boasts one main building and offers a substantial monthly income of $9,500. Five units feature three spacious bedrooms, dine-in kitchens, and open living room areas. One unit provides two bedrooms with a similar layout, and a final unit is a generously sized studio. Six of the seven units have undergone complete renovations, providing modern amenities and access to a shared front balcony. The property is fully compliant with fire codes and features recently updated electrical systems, boilers, and hot water heaters. Ample off-street parking is available for up to ten cars (one spot per unit), supplemented by plentiful street parking. This turnkey investment is primed for immediate cash flow and presents a rare opportunity in the Lincoln, RI market. The property's strong rental history and updated condition make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. This is a fully occupied property with a proven track record of generating significant rental income.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4762001
    Latitude
    41.972357

    Comparable in this City

    • $1,500,000

      Lincoln, RI Multifamily Investment

      Seven-unit residential property, high cash flow.
      144 Railroad St Railroad St, Lincoln, RI 02838
      View Details
    • $1,500,000
      0.14 Acres

      Income-Generating Seven-Unit Multifamily Property

      Fully occupied, renovated seven-unit multifamily property in Lincoln, Rhode Island.
      144 Railroad St, Lincoln, RI 02838
      View Details
    • $450,000
      3,907 SF

      Charming Colonial Multifamily in Lincoln

      Charming two-family colonial in Lincoln, Rhode Island with recent updates.
      101 Winter St, Lincoln, RI 02838
      View Details
    • Contact for pricing

      Lincoln, RI Commercial Warehouse

      Prime RI Location: Warehouse & Office Space
      50 New River Rd, Lincoln, RI 02838
      View Details
    • $1,500,000
      5,200 SF

      Lincoln, RI Multifamily Investment

      Seven-unit income property, updated, high cash flow.
      144 Railroad St, Lincoln, RI 02838
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Lincoln, RI Multifamily Investment

      Seven-unit residential property, high cash flow.
      144 Railroad St Railroad St, Lincoln, RI 02838
      View Details
    • $1,500,000
      0.14 Acres

      Income-Generating Seven-Unit Multifamily Property

      Fully occupied, renovated seven-unit multifamily property in Lincoln, Rhode Island.
      144 Railroad St, Lincoln, RI 02838
      View Details
    • $450,000
      3,907 SF

      Charming Colonial Multifamily in Lincoln

      Charming two-family colonial in Lincoln, Rhode Island with recent updates.
      101 Winter St, Lincoln, RI 02838
      View Details
    • Contact for pricing

      Lincoln, RI Commercial Warehouse

      Prime RI Location: Warehouse & Office Space
      50 New River Rd, Lincoln, RI 02838
      View Details
    • $1,500,000
      5,200 SF

      Lincoln, RI Multifamily Investment

      Seven-unit income property, updated, high cash flow.
      144 Railroad St, Lincoln, RI 02838
      View Details
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    144 Railroad St
    Lincoln, RI 02838
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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