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31 Arnold Street

Lincoln, RI 02865
  • $729,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 1379644
UPDATED: 225 min ago
$729,000
  • 8
    BEDS
  • 0.19
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 3,128
    SQFT
  • $233
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1885
County:
Area:

School Ratings & Info

Description

** OPEN HOUSE SCHEDULED FOR 3/22 @ 11AM HAS BEEN CANCELLED ** This income-generating 3-unit property is a fantastic investment, offering strong rental potential with appealing amenities in the desirable Lonsdale area of Lincoln. Featuring a young roof, on-site laundry and storage, off-street parking with a 3-car garage, and a backyard with a shed, this property is designed for both owner-occupants and investors looking for steady cash flow. First floor: Spacious 4 bedroom, 1.5 bath layout featuring a comfortable living room with hardwood floors and a large eat-in kitchen - ideal for families or long-term tenants. Second floor: 3 bedroom, 1 bath unit with a living room, separate dining room, and a kitchen with vaulted ceilings, adding charm and character. Third floor: Cozy 1 bedroom, 1 bath unit with an open living space and kitchen, perfect for a single occupant or couple. Each unit operates on its own heating system, ensuring tenant convenience and separate utility control. Three rentable units provide steady cash flow and help offset mortgage costs. Or if you prefer, live in one unit while renting out the others to reduce your housing costs. Don't miss this opportunity to invest in a desirable neighborhood.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-22T23:37:33.74.
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31 Arnold Street Lincoln, RI 02865

  • Price: $729,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 225 min ago
  • MLS #: 1379644
8
Beds
3
Baths
1
½ Baths
0.19
Acres
3,128
SQFT
$233
$/SQFT
1885
Built
Neighborhood:
Lonsdale
County:
Providence
Area:
Lincoln
Property Description
** OPEN HOUSE SCHEDULED FOR 3/22 @ 11AM HAS BEEN CANCELLED ** This income-generating 3-unit property is a fantastic investment, offering strong rental potential with appealing amenities in the desirable Lonsdale area of Lincoln. Featuring a young roof, on-site laundry and storage, off-street parking with a 3-car garage, and a backyard with a shed, this property is designed for both owner-occupants and investors looking for steady cash flow. First floor: Spacious 4 bedroom, 1.5 bath layout featuring a comfortable living room with hardwood floors and a large eat-in kitchen - ideal for families or long-term tenants. Second floor: 3 bedroom, 1 bath unit with a living room, separate dining room, and a kitchen with vaulted ceilings, adding charm and character. Third floor: Cozy 1 bedroom, 1 bath unit with an open living space and kitchen, perfect for a single occupant or couple. Each unit operates on its own heating system, ensuring tenant convenience and separate utility control. Three rentable units provide steady cash flow and help offset mortgage costs. Or if you prefer, live in one unit while renting out the others to reduce your housing costs. Don't miss this opportunity to invest in a desirable neighborhood.
Exterior Features

Construction Materials Vinyl Siding Covered Spaces 3 Foundation Details Concrete Perimeter Garage YN Yes Parking Features Detached Garage Garage Door Opener Parking Total 5

Interior Features

Appliances Dryer Dishwasher Gas Water Heater Microwave Oven Range Refrigerator Water Heater Washer Basement Full Unfinished Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Hardwood Vinyl Carpet Heating Baseboard Gas Heating YN Yes Interior Features Tub Shower

Property Features

Attached Garage YN No Electric 100 Amp Service Human Modified YN Yes Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 7179.4 Tax Assessed Value 542800 Tax Lot 124 Tax Year 2024 Utilities Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Williams & Stuart Real Estate: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-22T23:37:33.74.
 
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Cranston RI, 02920