Colleen Huemmer
← INNOVATE Real Estate
Multi Family at 156 Lincoln Avenue, Central Falls
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44 photos

$780,000

156 Lincoln Avenue
Central Falls, RI 02863
Listed by Franshelly Tejeda
Bedrooms
13
Bathrooms
4
Living area
N/A
Year built
1920

About this home

This massive, fully rented legal 4-family offers a turnkey investment opportunity with a total of 13 bedrooms and significant income potential. The property features a versatile unit mix (ranging from 2 to 4 bedrooms), a detached 2-car garage for extra revenue, and ample off-street parking. Maintained for longevity, the building is up to fire code and boasts a newer roof, replacement windows, vinyl siding, and classic porches. Additionally, the basement provides extra finished space with two rooms and two full bathrooms, offering rare flexibility for a high-density asset.

Property details

MLS #
1410078
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
130
On market date
April 15, 2026
Stories
4
Total bathrooms
4
Garage spaces
2
Parking spaces
4
Lot size
0.09 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

ElementaryCharter
The Learning Community
0.22 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
579
Student:teacher ratio
12.6:1
District
Learning Community
Middle
Calcutt Middle School
0.11 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
729
Student:teacher ratio
17.0:1
District
Central Falls
High
Central Falls Sr High
0.34 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
804
Student:teacher ratio
17.1:1
District
Central Falls

Walkability

Blended score for Central Falls's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
14.8 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores15
Parks17
Schools20
Transit stops20
Pharmacies3

Mortgage calculator

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Est. monthly payment
$4,847/mo
$156,000 down
$624,000 loan
Principal & interest$4,047
Property tax (est.)$650
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated August 24, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.