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Multi Family at 117 Chestnut Street, Lincoln
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20 photos

$549,900

117 Chestnut Street
Lincoln, RI 02838
Listed by Renee Raymond
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1880

About this home

A great investment opportunity in Lincoln, this well-maintained two-family offers two spacious units and several recent improvements. Both units were updated in 2019–2020 and feature bright living spaces, generous room sizes and large bathrooms. The first floor is currently vacant and ready for owner occupancy or rental, and both units have been insulated through RISE for improved energy efficiency. Outside, a large backyard provides plenty of usable space, with ample off-street parking for up to 12 cars. With a vacant unit and many important improvements in place, this is a great opportunity to step into an investment property with income potential from the start.

Property details

MLS #
1421954
Property type
Multi Family
Subdivision
Manville
Status
Active
Days on market
12
On market date
August 31, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
12
Lot size
0.25 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Northern Lincoln Elem.
0.26 mi away · Grades -1-5
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
498
Student:teacher ratio
14.2:1
District
Lincoln
Middle
North Cumberland Middle
2.54 mi away · Grades 6-8
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
621
Student:teacher ratio
13.2:1
District
Cumberland
High
Cumberland High School
1.15 mi away · Grades 9-12
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
1,479
Student:teacher ratio
14.0:1
District
Cumberland

Walkability

Blended score for Lincoln's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

58
Somewhat walkable
out of 100
EPA National Walkability Index
11.2 / 20 -- Above average walkable
Nearby-amenity density
60 / 100
Restaurants & cafes13
Grocery stores0
Parks10
Schools3
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Lincoln, from live MLS data.

On the market 12 days -- 34 fewer days than Lincoln's current average of 46 days.
For reference, the median list price across 131 active listings in Lincoln right now is $549,900.

Mortgage calculator

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Est. monthly payment
$3,462/mo
$109,980 down
$439,920 loan
Principal & interest$2,853
Property tax (est.)$458
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 12 days ago.

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.