31 Arnold Street
Lincoln, RI 02865
- 8 beds
- 4 baths
- 3,128 sqft
- 8,276 sqft lot
- $233 per sqft
- 1885 build
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.
Last checked:
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Last updated Mar 12, 2025
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MLS# 1379644 —
The Building
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Year Built:1885
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New Construction:false
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Building Area Total:3128.0
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Construction Materials:VinylSiding
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Foundation Details:ConcretePerimeter
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Stories Total:3
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Basement:Full,Unfinished
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Basement:true
Interior
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Interior Features:TubShower
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Flooring:Hardwood,Vinyl,Carpet
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Fireplace:false
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Fireplace Features:None
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Laundry Features:CommonArea
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.906892
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Longitude:-71.409049
The Property
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.19
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Lot Size Area:8276.0
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Lot Size Square Feet:8276.0
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Lot Size Units:SquareFeet
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Parcel Number:31ARNOLDSTLINC
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 996-7153
- Office phone:
- (401) 942-0200
Taxes
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Tax Year:2024
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Tax Annual Amount:7179.4
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Tax Assessed Value:542800
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Tax Lot:124
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
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Full Baths:3
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Half Baths:1
The Listing
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Virtual Tour URL Unbranded:https://tour.RiLiving.com/31-Arnold-Street-Lincoln-RI-02865
Heating & Cooling
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Heating:Baseboard,Gas
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Heating:true
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Cooling:WindowUnits
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Cooling:true
Utilities
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Utilities:SewerConnected
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Electric:Amps100
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Sewer:Connected
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Water Source:Connected
Appliances
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Appliances:Dryer,Dishwasher,GasWaterHeater,Microwave,Oven,Range,Refrigerator,WaterHeater,Washer
The Community
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Subdivision Name:Lonsdale
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Senior Community:false
Parking
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Parking Total:5.0
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Parking Features:Detached,Garage,GarageDoorOpener
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Attached Garage:false
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Garage:true
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Garage Spaces:3.0
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Covered Spaces:3.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/12/25
Mar 12, 2025
|
Listed / Active | RIMLS | $729,000 | 20.5% (7.3% / YR) |
|
5/26/22
May 26, 2022
|
RIMLS | $605,000 |
