31 Arnold Street Lincoln, RI 02865
Listing Courtesy of: RHODE ISLAND / Cranston / Michael Harrison

  31 Arnold Street Lincoln, RI 02865

Pending (16 Days)
$729,000
8
BED
4
BATH
3,128
SQFT

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.

MLS #:
1379644
Taxes
$7,179(2024)
Lot Size
8,276 SQFT
Type
Multifamily
Year Built
1885
County
Providence County
Community
Lonsdale

Listed By

Michael Harrison, Cranston
Source
RHODE ISLAND
Last checked Mar 28 2025 at 7:15 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Dishwasher
  • Dryer
  • Oven/Range
  • Refrigerator
  • Washer
  • Gas Water Heater
  • Microwave
  • Laundry: In Building
  • Plumbing (Mixed)
Subdivision
  • Lonsdale
Property Features
  • Fireplace: None
  • Fireplace: 0
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Baseboard
  • Natural Gas
  • Window Unit(s)
Basement Information
  • Full
  • Unfinished
  • Bulkhead
Flooring
  • Hardwood
  • Vinyl
  • Carpet
Utility Information
  • Sewer: Connected
Garage
  • Garage
Parking
  • Detached
  • Garage Door Opener
  • Total: 5
Stories
  • 3
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: 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. Information is deemed reliable but is not guaranteed. © 2025 State-Wide Multiple Listing Service. All rights reserved. 3/28/25 12:15