CCertihomes
144 Railroad, Lincoln, RI 02838

$1,500,000

0 beds 0 baths Built 1900Active

About this home

Investors take note! This income-generating 7 unit offers plenty of cashflow with updated market rent. Five units include 3 spacious bedrooms, dine-in kitchens and open living room area. One unit offers 2 bedrooms with the same layout and the last unit is a spacious studio. 6 of the 7 units have been completely renovated and offer access to a shared front balcony. Off-street parking for up to 10 cars (each unit has one parking spot) with plenty of street parking as well. Property is up to fire code and complete with new electrical, boilers, and hot water heaters. $9500/monthly income. Do not miss out on this fully-occupied opportunity. Schedule a showing today!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$19,584/mo

Real estate (PITI + HOA + PMI)
$11,134
Principal + interest$6,803
Property tax + insurance$3,768
PMI / 2nd mortgage$563
Utilities
$17,554
Heating + cooling$8,624
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$140
$19,584/mo TLC
Budget$20,084/mo
Remaining after TLC$500/mo
Purchase price
$1,500,000
Down payment
$75,000 (5%)
Loan amount
$1,425,000
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1900
Lot size
0.14 ac
Stories
0
Heating
Baseboard
Cooling
None
Water
Connected
HOA
Annual tax
$7,895
MLS #
1358701
County
Providence

At a glance

Basement

Home features

Sewer
Connected

Lot features

Suburban

Neighborhood — 02838

MetricThis ZIPCountyUSA
Population4,6621,095,423299,088,112
Population Change Since199020.00%9.00%20.00%
Population Density3,234994
Male2,214529,266147,432,321
Female2,447566,157151,655,844
Never Married959266,40463,775,926
Married2,020435,678123,120,365
Separated18643,64212,639,686
Widowed28466,66815,467,586
Divorced31583,84323,075,029
Number Of House Hold1,967410,399111,826,380
Average House Hold Size2.332.562.60
Medial Age39.1137.2735.46
Median House Hold Income$44,306$47,553$48,276
Average House Hold Income$52,492$61,609$63,629
P C I$22,148$23,965$24,529
M D I$38,124$40,634$41,133
A T H E$45,055$49,940$50,898
S T R7.00%7.00%
W C J84.24%78.02%77.74%
(Zip) Code
2838

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/8/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.