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92 Spring Street

Lincoln, RI 02838
  • $1,995,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 1401085
UPDATED: 77 min ago
$1,995,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Investor Alert!! Total of 9 units across 3 buildings all fully occupied with strong rental history and parking. Three 3 unit buildings which share a parking lot along with 5 garage bays make this investment opportunity too good to pass up! Addresses are 92 Spring St., 35 Central St. & 37 Central St. 6 out of the 9 total units have been taken to the studs within the past 3 years with all new wiring, plumbing, heating systems, and all cosmetic upgrades. Total gross rents of nearly $16k/month (just under $188k/year). Properties are subdivided and would qualify for individual conventional loans as well.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | Flagship Forbes Global Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | Flagship Forbes Global Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-12-10T08:37:34.603.
www.krekorianteam.com/homes/171040620
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92 Spring Street Lincoln, RI 02838

  • Price: $1,995,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 77 min ago
  • MLS #: 1401085
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1900
Built
County:
Providence
Area:
Lincoln
Property Description
Investor Alert!! Total of 9 units across 3 buildings all fully occupied with strong rental history and parking. Three 3 unit buildings which share a parking lot along with 5 garage bays make this investment opportunity too good to pass up! Addresses are 92 Spring St., 35 Central St. & 37 Central St. 6 out of the 9 total units have been taken to the studs within the past 3 years with all new wiring, plumbing, heating systems, and all cosmetic upgrades. Total gross rents of nearly $16k/month (just under $188k/year). Properties are subdivided and would qualify for individual conventional loans as well.
Exterior Features

Foundation Details Stone Garage YN Yes Parking Total 10

Interior Features

Basement Dirt Floor Basement YN Yes Cooling None Cooling YN No Heating Baseboard Space Heater Heating YN Yes

Property Features

Community Features Highway Access Near Schools Public Transportation Electric 100 Amp Service Human Modified YN Yes Land Lease YN No New Construction YN No Possible Use Multi- Family Residential Property Sub Type Commercial Road Frontage Type City Street Security Features Closed Circuit Camera(s) Carbon Monoxide Detector(s) Smoke Detector(s) Building Security Security Lights Sewer Connected Structure Type Multi Family Tax Annual Amount 17658.33 Tax Assessed Value 1305800 Tax Lot 73 Tax Year 2025 Utilities Electricity Available Natural Gas Available Natural Gas Connected Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Westcott Properties: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | Flagship Forbes Global Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | Flagship Forbes Global Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-12-10T08:37:34.603.
 
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John Krekorian | Flagship Forbes Global Properties
28 Caswell Street
Narragansett RI, 02882