Great opportunity to own a multifamily property in Lincoln. This home offers a lot of options. Each unit has with 2 beds and one bath with large eat-in kitchens, with huge closets and beautiful hardwood floors ! The third floor has two additional bedrooms which can later be added to the second floor unit. This home sits right next to a public town park. Across the street is one of three waterfalls in the town of Lincoln which had a walk-over bridge and a public boat launch area. Within short walking distance to Saylesville Elementary School. Both apartments recently renovated. Coin-op laundry room in basement. First floor has new gas heating system with air conditioning unit.
This well-maintained two-family home is an ideal investment property, currently fully rented, ensuring immediate income. The exterior showcases a classic design with a welcoming front porch and well-kept landscaping, reflecting the care taken by the owners. Each unit features spacious living areas filled with natural light, offering comfortable layouts with modern kitchens and cozy bedrooms. The units are equipped with separate utilities, enhancing tenant privacy and convenience. A separate garage provides additional storage and parking options, an asset for tenants in urban areas. The property is strategically located near various amenities, including grocery stores, restaurants, and parks, making it attractive to renters. Additionally, its proximity to major highways ensures easy commuting to surrounding areas, further enhancing its desirability. Overall, this two-family home is a prime example of a solid investment in a thriving community.
The median home value in Lincoln, RI is $454,700. This is higher than the county median home value of $372,900. The national median home value is $338,100. The average price of homes sold in Lincoln, RI is $454,700. Approximately 63.75% of Lincoln homes are owned, compared to 29.63% rented, while 6.62% are vacant. Lincoln real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lincoln real estate agent to arrange a tour today!
Lincoln, Rhode Island 02865 has a population of 22,415. Lincoln 02865 is more family-centric than the surrounding county with 34.02% of the households containing married families with children. The county average for households married with children is 27.53%.
The median household income in Lincoln, Rhode Island 02865 is $94,571. The median household income for the surrounding county is $65,797 compared to the national median of $69,021. The median age of people living in Lincoln 02865 is 43 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 50.7 inches per year, with 40.5 inches of snow per year.