Welcome to this inviting two-family property, ideal for owner-occupants and investors alike. The first-floor apartment is vacant and move-in ready, offering immediate potential for personal use or rental income, while the second floor is currently rented at market rate, ensuring immediate cash flow, the second unit also has the Lead Conformance Certificate in place, offering peace of mind and legal compliance right off the bat for savvy buyers. Both units are meticulously maintained, featuring three spacious bedrooms in Unit 1 and four bedrooms in Unit 2. The interiors boast refinished hardwood floors, fresh paint, and stylish wood-stained finishes that reduce lead-based paint concerns. The first floor charms with a unique kitchen featuring a vaulted ceiling and access to a private balcony, perfect for enjoying outdoor moments. Located in a sought-after school district, just steps from a local park, and within a 15-minute drive to Providence, this property combines convenience with a desirable neighborhood feel. Don’t miss the opportunity to invest in a well-maintained, income-producing home with standout features and an ideal location.
Sold for $575,000 on 01/17/25
$575,000
401 Old River Rd, Lincoln, RI 02838
7beds
2,578sqft
Multi Family
Built in 1930
-- sqft lot
$588,400 Zestimate®
$223/sqft
$2,089 Estimated rent
Home value
$588,400
$524,000 - $665,000
$2,089/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 24, 2025 at 11:31am
Listed by:
Jess Powers 401-227-3566,
eXp Realty
Bought with:
Linara Andrade, RES.0047778
June Realty
Source: StateWide MLS RI,MLS#: 1371341
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Forced Water
Cooling
- None
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Oven/Range, Refrigerator, Washer
- Laundry: In Building
Features
- Wall (Dry Wall), Wall (Plaster), Wall (Wood), Cedar Closet(s), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood
- Basement: Full,Interior Entry,Unfinished,Storage Space,Utility
- Attic: Attic Storage
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,578
- Total interior livable area: 2,578 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Deck, Porch
- Exterior features: Balcony
Lot
- Size: 8,712 sqft
- Features: Sidewalks
Details
- Foundation area: 1225
- Parcel number: LINCM37L0040U
- Zoning: RL9
- Special conditions: Conventional/Market Value
- Other equipment: Cable TV
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Wood Wall(s), Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
Location
- Region: Lincoln
HOA & financial
Other financial information
- Total actual rent: 2150
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2025 | Sold | $575,000+4.5%$223/sqft |
Source:  StateWide MLS RI #1371341 Report a problem | ||
| 11/7/2024 | Pending sale | $550,000$213/sqft |
Source: StateWide MLS RI #1371341 Report a problem | ||
| 10/28/2024 | Listed for sale | $550,000+83.3%$213/sqft |
Source: StateWide MLS RI #1371341 Report a problem | ||
| 4/1/2020 | Sold | $300,000$116/sqft |
Source: StateWide MLS RI #1246056 Report a problem | ||
| 3/4/2020 | Pending sale | $300,000$116/sqft |
Source: HomeSmart Professionals Real Estate #1246056 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,346 -2.8% | $469,400 +24.7% |
| 2024 | $6,532 +5.2% | $376,500 |
| 2023 | $6,208 +0.2% | $376,500 |
Find assessor info on the county website
Neighborhood: 02838
Nearby schools
GreatSchools rating
- 6/10Northern Lincoln ElementaryGrades: PK-5Distance: 0.6 mi
- 7/10Lincoln Middle SchoolGrades: 6-8Distance: 4.1 mi
- 8/10Lincoln Senior High SchoolGrades: 9-12Distance: 2.6 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$588,400
2% more+ $11,768
With Zillow Showcase(estimated)
$600,168