Sold
Last Sold Price
7 beds2,578 sqft$223/sqft
401 Old River Rd, Lincoln, RI 02838
Multi FamilyProperty Type
8,712 sq ftLot Size
1930Year Built
$223/sq ftPrice per sq ft
4 carsParking Spaces

Description

Welcome to this inviting two-family property, ideal for owner-occupants and investors alike. The first-floor apartment is vacant and move-in ready, offering immediate potential for personal use or rental income, while the second floor is currently rented at market rate, ensuring immediate cash flow, the second unit also has the Lead Conformance Certificate in place, offering peace of mind and legal compliance right off the bat for savvy buyers. Both units are meticulously maintained, featuring three...Welcome to this inviting two-family property, ideal for owner-occupants and investors alike. The first-floor apartment is vacant and move-in ready, offering immediate potential for personal use or rental income, while the second floor is currently rented at market rate, ensuring immediate cash flow, the second unit also has the Lead Conformance Certificate in place, offering peace of mind and legal compliance right off the bat for savvy buyers. Both units are meticulously maintained, featuring three spacious bedrooms in Unit 1 and four bedrooms in Unit 2. The interiors boast refinished hardwood floors, fresh paint, and stylish wood-stained finishes that reduce lead-based paint concerns. The first floor charms with a unique kitchen featuring a vaulted ceiling and access to a private balcony, perfect for enjoying outdoor moments. Located in a sought-after school district, just steps from a local park, and within a 15-minute drive to Providence, this property combines convenience with a desirable neighborhood feel. Don't miss the opportunity to invest in a well-maintained, income-producing home with standout features and an ideal location.
  • Listed by: Jess Powers 401.559.7674 jesslpowers84@gmail.com Brokerage DRE #REB.0017246 • eXp Realty
Listing closed: 01/17/2025 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1371341

Recent comparable sales

Median sold price

$616,900

Avg days on market

39

Sale-to-list ratio

99.2%

Lincoln, RI

9 comparable properties found

$620,000 | 18 Division Street, Lincoln, RI 02838
1/20
1

$620,000

Sold 11/25/25

7
Bedrooms
6,012
Square Feet
0.11
Acres
$555,000 | 864 Lower River Road, Lincoln, RI 02865
1/46
2

$555,000

Sold 10/08/24

7
Bedrooms
2,313
Square Feet
0.11
Acres
$616,900 | 252 Railroad Street, Lincoln, RI 02838
1/22
3

$616,900

Sold 04/30/26

6
Bedrooms
2,064
Square Feet
0.46
Acres
$557,000 | 68 Bouvier Avenue, Lincoln, RI 02838
1/44
4

$557,000

Sold 07/29/26

7
Bedrooms
3,838
Square Feet
0.11
Acres
$649,900 | 1 Sayles Hill Road, Lincoln, RI 02838
1/50
5

$649,900

Sold 06/16/25

4
Bedrooms
2,786
Square Feet
0.52
Acres
$675,000 | 87 Division Street, Lincoln, RI 02838
1/29
6

$675,000

Sold 11/14/25

7
Bedrooms
3,470
Square Feet
0.24
Acres
$615,000 | 106 Bouvier Avenue, Lincoln, RI 02838
1/34
7

$615,000

Sold 08/24/26

6
Bedrooms
3,276
Square Feet
0.22
Acres
$640,000 | 24 Arnold Street, Lincoln, RI 02865
1/26
8

$640,000

Sold 05/12/26

7
Bedrooms
2,844
Square Feet
0.25
Acres
$610,000 | 68 Division Street, Lincoln, RI 02838
1/20
9

$610,000

Sold 09/25/25

8
Bedrooms
4,853
Square Feet
0.11
Acres

Amenities

  • Attic
  • Balcony
  • Basement
  • Ceramic Floors
  • Common Laundry
  • Deck
  • Detached Parking
  • Dishwasher

Location

Listing Courtesy of eXp Realty

Sold By June Realty

Add your commute

Payment Calculator

$3,467 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,923

Property Taxes

$544

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 401 Old River Road

Property Details
  • Taxes: $6,532 / year
  • MLS Type: Residential Income / Multi Family
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1930
  • Lot Size: 0.20 AC / 8,712 SF
Summary
Location and General Information
  • City: Lincoln
  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Postal City: Lincoln
  • Postal Code: 02838
  • Postal Code Plus4: 1217
  • State Or Province: RI
  • Zoning: RL9
  • Human Modified Y N: Yes
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 4
Taxes and HOA Information
  • Tax Annual Amount: $6,532.00
  • Tax Assessed Value: 376500
  • Tax Lot: 4
  • Tax Map Number: 37
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Fin SQFT: 2578.0
  • Building Area Total: 2578.0
  • Frontage Length: 120
  • Living Area Source: Public Records
  • Lot Size Acres: 0.2
  • Lot Size Area: 8712.0
  • Lot Size Square Feet: 8712.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 401OLDRIVERRDLINC
  • Stories Total: 2
Property and Assessments
  • Buyer Financing: Fha, Va
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1930
  • C L I P: 8,247,446,696
Utilities
  • Electric: Amps100, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Deck, Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 7
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Attic, Cedar Closets, Storage, Tub Shower, Cable Tv
  • Laundry Features: Common Area
  • Patio And Porch Features: Balcony, Deck, Porch
  • Rooms Total: 14
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $2,150.00
  • Unit Type Area: 1224.0
  • Baths Total: 1
  • Beds Total: 4
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 401 Old River Road

DateEvent & SourcePriceAppreciation
Jan 17, 2025

Sold (Public Record)

Public Record #1548982383

$575,000

+14.5% / yr

Jan 17, 2025

Sold

Rhode Island Association of REALTORS® #1371341

$575,000
Nov 7, 2024

Contract Signed

Rhode Island Association of REALTORS® #1371341

DateEvent & SourcePrice
01/17/2025

Sold (Public Record)

Public Record #1548982383

$575,000

+14.5% / yr

01/17/2025

Sold

Rhode Island Association of REALTORS® #1371341

$575,000
11/07/2024

Contract Signed

Rhode Island Association of REALTORS® #1371341

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 401 Old River Road

Taxable ValueLand$129,200Additions$340,200Total$469,400
Tax Record2025$6,346 ($529 / month)
Home Facts
Baths2Total Finished SqFt2,578 SqFtAbove Grade Finished SqFt2,578 SqFtUnfinished Basement SqFt1,224 SqFtStories2Lot Size8,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built1930Year Renovated1930ZoningRL9CountyPROVIDENCEAPNLINC M:37 L:004.0 U:

Schools near 401 Old River Road

This home is within Lincoln School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 1
Rating
School
Distance
Northern Lincoln Elementary
PublicPK to 5

Lincoln Middle School
Public6 to 8

Lincoln Senior High School
Public9 to 12

Northern Early Learning Center
PublicPK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 02838

$464,000 | 141 Old Main Street, Unit A, Lincoln, RI 02838
1/32
Active Under Contract

$464,000

2
Bedrooms
1,520
Square Feet
$649,900 | 16 Manville Avenue, Lincoln, RI 02838
1/31
Active Under Contract

$649,900

4
Bedrooms
3,920
Square Feet
0.44
Acres
$459,900 | 15 Spruce Street, Lincoln, RI 02838
1/29

$459,900

3
Bedrooms
1,056
Square Feet
0.34
Acres
$224,900 | 123 New River Road, Unit 2, Lincoln, RI 02838
1/19

$224,900

2
Bedrooms
780
Square Feet
$549,000 | 43 Pearl Street, Lincoln, RI 02838
1/39
Active Under Contract

$549,000

9
Bedrooms
4,480
Square Feet
0.11
Acres
$499,919 | 19 Bouvier Avenue, Lincoln, RI 02838
1/35
Open: 8/30 01:00PM - 03:00PM

$499,919

3
Bedrooms
1,792
Square Feet
0.11
Acres
$1,200,000 | 413 New River Road, Lincoln, RI 02838
1/50
Listed By Compass

$1,200,000

4
Bedrooms
3,050
Square Feet
0.48
Acres
$255,000 | 381 Old River Road, Unit 3, Lincoln, RI 02838
1/15

$255,000

2
Bedrooms
780
Square Feet

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 401 Old River Road, Lincoln, RI 02838
$575,000
7
2,578
8,712
3
2.5
1,920
11,064
$200,000
3
2,223
8,712
$445,000
3
2,142
5,227
$649,900
4
2,786
22,651
$119,000
3
1,664
8,065

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.