176 RAILROAD Street
Lincoln, RI, 02838 $ 4,637,000
Bedrooms-- Baths-- Sq 52,658 Monthly Estimate*
$ 28,551
for $4,637,000. This 52,658 square foot building was built in 1900 on a lot size of 1.75.
PORTFOLIO PACKAGE - 34-unit multifamily across 6 Rhode Island properties, plus 11 commercial garage bays at 0 Parker St Woonsocket and 7 detached garages at 62 Spring Lincoln. Unit mix: 2 one-bed, 12 two-bed, 17 three-bed, 3 four-bed (89 bedrooms). 2025 actual gross 522,466 dollars. Occupancy 32 of 34 units (94.1 percent). Aggregate 52,658 SF on 1.75 acres. 176-180 Railroad Lincoln (MLS 1410408): 9-unit, 13,073 SF, 0.20 ac, built 1900, vinyl siding, hip roofs, new roof 2023, BL05. 48-56 Providence plus 0 Parker Woonsocket (MLS 1410432): 7-unit plus 11 garage bays, 8,868 SF, 0.66 ac, built 1900, frame, R4. 372 Old River Lincoln (MLS 1410403): 7-unit, 11,442 SF, 0.42 ac, built 1920, gas boilers replaced 2019-2021, detached garage, RL9. 60 Spring Lincoln (MLS 1410370): 5-unit, 12,666 SF, 0.15 ac, built 1900, vaulted ceilings, skylights, new flat roof 2025, RG7. 54 Spring Lincoln (MLS 1410369): 3-unit townhouse style, 2,604 SF, 0.12 ac, built 1890, BL05. 62 Spring Lincoln (MLS 1410402): 3-unit plus 7 detached garages, 4,005 SF, 0.20 ac, built 1900, RG7. P and L, rent rolls, and capex docs available on request. Can be sold individually or as a package.
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FeaturesGeneralSewer Connected Public Sewer
Heating Hot Water
Cooling None
Utilities Natural Gas Available Natural Gas Connected Sewer Connected
Possession Negotiable
Zoning MIXED
Construction Materials Frame
Year Built 1900
Electric 100 Amp Service
Tenant Pays Electricity Heat
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2025
Gross Income 522466
Business Type Rental Residential
Community Features Highway Access Near Hospital Near Schools Public Transportation Shopping
County Providence
Net Operating Income 326014
Operating Expense 196451
New Construction false
Property Type Commercial Sale
Subdivision Name Manville & Woonsocket Portfolio
Status Active
City Lincoln
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 75243
Land Lease Y/N false
Tax Annual Amount 50010
Lease Renewal Y/N false
Lease Considered Y/N false
Virtual Tour https://tour.RiLiving.com/176-RAILROAD-Street-Lincoln-RI-02838--1410603
Structure Type Apartment Multi Family
Standard Status Active
Tax Assessed Value 3830800
Tax Lot 216*
Cap Rate 7.03
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InteriorTotal Stories 3
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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ExteriorWater Source Connected Public
Total Parking 63
Lot Size Area 75243
Number of Buildings 6
Building Area Total 52658
Lot Size Acres 1.75
Road Surface Type Asphalt Paved
Road Frontage Type City Street
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $28,551
- Monthly Property Taxes
- $4,168
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Lincoln, RI
Average List Price $1,095,690
Percent of Sale Price 76%
About Lincoln, RI 21,886 Population
5% Since 2002
$ 71,925 Median Income
44.98 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/21/2026 | $4,637,000 | | Listed Price |