Sold
Last Sold Price
5 beds3,806 sqft$113/sqft
408 Old River Rd, Lincoln, RI 02838
Multi FamilyProperty Type
0.37 acresLot Size
1970Year Built
$113/sq ftPrice per sq ft
6 carsParking Spaces

Description

Excellent opportunity for owner-occupied or investment. 3 unit home with all mechanicals up-to-date. Two 2 bed units and one 1 bed unit. All separate utilities. 3 heating systems. Each unit has it's own washer/dryer and are fully applianced. Building is fire coded. Rents indicated are below market and can be increased. Leases are currently month-to-month except for top unit. Natural gas.. Town water.. Town sewer. Plenty of parking. Nice open backyard. Vinyl sided for easy maintenance. One bedroom...Excellent opportunity for owner-occupied or investment. 3 unit home with all mechanicals up-to-date. Two 2 bed units and one 1 bed unit. All separate utilities. 3 heating systems. Each unit has it's own washer/dryer and are fully applianced. Building is fire coded. Rents indicated are below market and can be increased. Leases are currently month-to-month except for top unit. Natural gas.. Town water.. Town sewer. Plenty of parking. Nice open backyard. Vinyl sided for easy maintenance. One bedroom unit in basement level (unit 1) includes heat only. Both 2 bed units (main level--unit and top level... All utilities paid by tenants). Fabulous location.. Minutes to all major hi-ways.. E-z commute to massachusetts. Near malls.. Schools.. Restaurants and bike path.
  • Listed by: Lisa LaMontagne-Beausoleil 401.465.0547 lisalamo@aol.com Brokerage DRE #REB.0005041 • LaMontagne Real Estate
Listing closed: 10/18/2021 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1277440

Recent comparable sales

Median sold price

$575,000

Avg days on market

25

Sale-to-list ratio

100.7%

Lincoln, RI

9 comparable properties found

$430,000 | 87 Old Main Street, Lincoln, RI 02838
1/38
1

$430,000

Sold 09/18/25

5
Bedrooms
3,566
Square Feet
0.2
Acres
$622,000 | 70 Chestnut Street, Lincoln, RI 02838
1/23
2

$622,000

Sold 10/30/25

5
Bedrooms
3,675
Square Feet
0.20
Acres
$615,000 | 106 Bouvier Avenue, Lincoln, RI 02838
1/34
3

$615,000

Sold 08/24/26

6
Bedrooms
3,276
Square Feet
0.22
Acres
$549,900 | 37 Central Street, Lincoln, RI 02838
1/16
4

$549,900

Sold 07/01/26

6
Bedrooms
4,764
Square Feet
0.11
Acres
$543,000 | 110 Pleasant Street, Lincoln, RI 02865
1/51
5

$543,000

Sold 06/25/25

5
Bedrooms
3,215
Square Feet
0.08
Acres
$557,000 | 68 Bouvier Avenue, Lincoln, RI 02838
1/44
6

$557,000

Sold 07/29/26

7
Bedrooms
3,838
Square Feet
0.11
Acres
$605,000 | 167 Central Street, Lincoln, RI 02838
1/23
7

$605,000

Sold 07/31/26

5
Bedrooms
4,596
Square Feet
0.32
Acres
$575,000 | 5 Valley Street, Lincoln, RI 02838
1/51
8

$575,000

Sold 04/17/26

5
Bedrooms
1,812
Square Feet
0.29
Acres
$599,900 | 92 Spring Street, Lincoln, RI 02838
1/35
9

$599,900

Sold 07/01/26

6
Bedrooms
5,356
Square Feet
0.11
Acres

Location

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Payment Calculator

$2,804 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,186

Property Taxes

$618

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 408 Old River Road

Property Details
  • Taxes: $7,417 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: MANVILLE
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1970
  • Lot Size: 0.37 AC / 16,117 SF
Summary
Location and General Information
  • City: Lincoln
  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Courts
  • Postal City: Lincoln
  • Postal Code: 02838
  • State Or Province: RI
  • Zoning: RES
  • Human Modified Y N: No
Parking
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 6
Taxes and HOA Information
  • Tax Annual Amount: $7,417.00
  • Tax Assessed Value: 368300
  • Tax Lot: 109
  • Tax Year: 2020
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 3806.0
  • Building Area Total: 3806.0
  • Frontage Length: 120
  • Living Area Source: Public Records
  • Lot Features: Wooded
  • Lot Size Acres: 0.37
  • Lot Size Area: 16117.0
  • Lot Size Square Feet: 16117.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 408OLDRIVERRDLINC
  • Stories Total: 2
Property and Assessments
  • Buyer Financing: Fha, Va
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1970
  • C L I P: 4,171,463,074
Utilities
  • Electric: Amps100, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Basement: Full, Finished, Walk Out Access
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplace Y N: No
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Heating: Baseboard, Forced Air, Gas
  • Heating Y N: Yes
  • Interior Features: Attic, Tub Shower
  • Laundry Features: In Unit
  • Other Equipment: Satellite Dish
  • Rooms Total: 16
Multi Family
Unit 1 Information
  • Actual Rent: $1,250.00
  • Description: BRFBKITLAUN
  • Unit Type Area: 1200.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
Unit 2 Information
  • Actual Rent: $850.00
  • Description: KITBRBRFBLR
  • Unit Type Area: 800.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
Unit 3 Information
  • Actual Rent: $1,100.00
  • Description: KITBRBRFBLR
  • Unit Type Area: 1200.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 408 Old River Road

DateEvent & SourcePriceAppreciation
Oct 18, 2021

Sold (Public Record)

Public Record #1474580493

$430,000

+19.1% / yr

Oct 18, 2021

Sold

Rhode Island Association of REALTORS® #1277440

$430,000
Sep 9, 2021

Contract Signed

Rhode Island Association of REALTORS® #1277440

DateEvent & SourcePrice
10/18/2021

Sold (Public Record)

Public Record #1474580493

$430,000

+19.1% / yr

10/18/2021

Sold

Rhode Island Association of REALTORS® #1277440

$430,000
09/09/2021

Contract Signed

Rhode Island Association of REALTORS® #1277440

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

Public Records for 408 Old River Road

Taxable ValueLand$187,500Additions$371,400Total$558,900
Tax Record2025$7,556 ($630 / month)
Home Facts
Baths3Total Finished SqFt2,420 SqFtAbove Grade Finished SqFt2,420 SqFtUnfinished Basement SqFt1,149 SqFtStories2Lot Size16,248 SqFtStyleMulti-Family Dwelling (2-4)Year Built1970Year Renovated1970ZoningRL9CountyPROVIDENCEAPNLINC M:39 L:109.0 U:

Schools near 408 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 408 Old River Road, Lincoln, RI 02838
$430,000
5
3,806
16,117
$425,000
5
3,840
12,197
$302,000
5
2,830
15,874
$425,000
3
2,060
11,979
$319,900
3
2,839
21,606
$167,900
3
1,998
46

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 LaMontagne Real Estate

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.