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

Bathrooms

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 · public school directory data (NCES)

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

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 4 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.