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Sold for $887,000
    • $887,000

    140 Lincoln Ave, Central Falls, RI 02863

    15beds
    5,761sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $955,400 Zestimate®
    $154/sqft
    $1,805 Estimated rent

    Home value

    $955,400

    $869,000 - $1.05M

    $1,805/mo

    Zestimate® history
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    What's special

    Off-street parking spaces
    This exceptional 15 Bedroom, 6 bath, HIGH CASH FLOW investment property in Central Falls, RI, includes two 3-unit houses, offering an excellent opportunity for investors or owner-occupants. The Front building has 3 Three bedroom, 1 bath units. The back house has 3 two bedrooms, 1 bath units. Many of the units have been remodeled and updated with all units having their own gas and electric meters for easy management and cost efficiency. The property also includes 6 off-street parking spaces, a rare and valuable feature in this area, providing added convenience for tenants. The units are fully rented with strong current rents and significant potential for future increases, making this an ideal income-generating property. Whether you're looking to expand your portfolio or live in one unit while collecting rent from the others, this property has tremendous upside. Don’t miss this opportunity—schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Nina Coulombe 774-451-0059,

    Keller Williams South Watuppa

    Bought with:

    Renato De Lima, RES.0041249

    Re/Max Innovations

    Source: StateWide MLS RI,MLS#: 1377025MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Natural Gas, Baseboard
    Cooling
    • None
    Features
    • Flooring: Laminate, Other
    • Basement: Full,Interior and Exterior,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 7,968
    • Total interior livable area: 5,761 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: No Garage
    Features
    • Stories: 3
    Lot
    • Size: 5,749 Square Feet
    Details
    • Parcel number: CENTM04P54
    • Zoning: R-3
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Central Falls

    Financial & listing details

    • Price per square foot: $154/sqft
    • Tax assessed value: $795,900
    • Annual tax amount: $9,557
    • Date on market: 1/27/2025
    • Inclusions: Buyer/ Buyers agents do due diligence. Listing agent makes no claims to the accuracy of this information.
    • Total actual rent: 8543
    • Tenant pays: Heat

    Price history

    DateEventPrice
    3/24/2025Sold$887,000+2%$154/sqft
    Source: StateWide MLS RI #1377025 Report a problem
    2/7/2025Pending sale$870,000$151/sqft
    Source: StateWide MLS RI #1377025 Report a problem
    1/27/2025Listed for sale$870,000+64.2%$151/sqft
    Source: StateWide MLS RI #1377025 Report a problem
    12/22/2021Sold$530,000+381.8%$92/sqft
    Source: Public Record Report a problem
    12/31/2003Sold$110,000$19/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,514 +10%$795,900 +56.6%
    2024$9,557 +7.7%$508,100
    2023$8,871 $508,100
    2022$8,871 +50.4%$508,100 +104.7%
    2021$5,897 +0.3%$248,200
    2020$5,880 -4.3%$248,200
    2019$6,145 +31.2%$248,200 +39.4%
    2018$4,683 $178,000
    2017$4,683 +1.5%$178,000
    2016$4,616 +8.8%$178,000 +15.9%
    2015$4,244 +1.4%$153,600
    2014$4,187 +6%$153,600
    2013$3,951 +3.6%$153,600 +824.7%
    2012$3,812 +4.2%$16,610 -90%
    2011$3,659 +14.6%$166,100
    2010$3,192 -15.5%$166,100 -52.6%
    2009$3,779 +2.3%$350,600
    2008$3,695 +13.3%$350,600 +48%
    2006$3,260 +5.5%$236,900
    2005$3,089 $236,900
    2004$3,089 +9.9%$236,900 +100.1%
    2003$2,812 $118,400
    Find assessor info on the county website

    Neighborhood: 02863

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    Estimated market value
    $955,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $955,400

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