$719,000

24 Arnold Street, Lincoln, RI 02865

7 beds |
3 baths |
2,844 sqft

Multi-Family Home
Built in 1877
0.25acre lot
2 car garage
$253/sqft
Listed 11 days ago

Property Description

Great investment! This income-generating 3-unit property offers strong rental potential with lots of amenities in the desirable Lonsdale area of Lincoln. Property features a great oversized lot with a two car garage.. a superb location…walking distance to shopping plaza and elementary school. Mechanicals include fire alarm system, updated heat & electric, brand new hot water tanks, brand new driveway and updated gutters. Make extra income as there is a strong potential for an ADU; additionally there is space for laundry and storage, plenty of off-street parking, partially fenced and an expansive backyard. This property is designed for both owner-occupants and investors looking for steady cash flow. First floor: 2 bedroom, 1 bath layout featuring a comfortable living room, dining and Galley kitchen - ideal for families or long-term tenants. Second floor: 2 bedroom, 1 bath unit with a living room, separate dining room, and a kitchen. Third floor: 3 Bed, Living, Kitchen and a bath. 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. Property also includes a detached 2 car garage and an enclosed porch. Lincoln has owner occupied tax exemption available. Close to highways, shopping, and Blackstone River Bike Path.

Listing Status:: Active
Date Added:: November 18, 2025 at 06:00AM
Listing Office:: Equinox Properties : 401-258-0546
MLS ID:: 1400427

Appliances: Gas Water Heater
Basement: Exterior EntryFullInterior EntryUnfinished
Flooring: Ceramic TileHardwoodLaminateOther
A/C: None
Heating: BaseboardGas
Fireplace: Fireplaces: 0

Parking: DetachedGarageParking spaces: 8

Windows: Storm Window(s)
General: Clapboard0

Originating MLS: RIS_RIS
County: Providence

Zoning: 24ARNOLDSTLINC

Utilities: 100 Amp Service
Water: Public
Sewer: Public Sewer

Source: RIS_RIS

This listing courtesy of Equinox Properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Lonsdale Elementary School

270 River Rd, Lincoln, RI, 02865

Grades KG-5

0.42 miles away

Lincoln Middle School

152 Jenckes Hill Rd, Lincoln, RI, 02865

Grades 6-8

3.35 miles away

Lincoln Senior High School

135 Old River Rd, Lincoln, RI, 02865

Grades 9-12

3.01 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.