156 Lincoln Ave, Central Falls, RI, 02863
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Brick/Mortar
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: Off Site
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Partially Finished,Bath/Stubbed,Bedroom(s),Utility
Bedrooms & Bathrooms
- Bedrooms: 13
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Hardwood,Other,Vinyl
Heating & Cooling
- Heating features: Electric,Natural Gas,Baseboard
- Cooling features: None
Interior Area
- Total structure area: 5,970
- Total interior livable area: 4,060 sqft
Property
Details
- Attached to another structure: Yes
- Zoning: R-3
Features
- Stories: 4
Lot
- Lot size: 3,920 sqft
Parking
- Total spaces: 4
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,045 | $48,540 |
| Home Insurance * | $676 | $8,112 |
| Property Taxes | $793 | $9,516 |
| Electricity | $826 | $9,922 |
| Total | $6,340 | $76,080 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-15 | Listed for sale | $850,000 |
| 2024-02-22 | Sold | $699,900 |
| 2024-01-02 | Pending sale | $699,900 |
| 2023-12-11 | Listed for sale | $699,900 |
| 2023-11-17 | Pending sale | $699,900 |
| 2023-11-08 | Listed for sale | $699,900 |
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