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!
Sold for $887,000 on 03/24/25
$887,000
140 Lincoln Ave, Central Falls, RI 02863
15beds
5,761sqft
Multi Family
Built in 1920
-- sqft lot
$863,400 Zestimate®
$154/sqft
$2,341 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 10:44am
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#: 1377025

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 sqft
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 & neighborhood
Location
- Region: Central Falls
HOA & financial
Other financial information
- Total actual rent: 8543
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$863,400
2% more+ $17,268
With Zillow Showcase(estimated)
$880,668