$6,650 Closing Credit¹
#1376606, Listing Office: Media Realty LLC
$729,000 List price
31 Arnold St Lincoln, RI 02865
$8,657
Closing credit¹
8 beds
3 full, 1 partial
0.2 acres
Multi-Family
Property details
About 31 Arnold St
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.
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas
StatusActive
CoolingWindow Unit(s)
BasementYes
Lot size0.19 Acres
Year built1885
ParkingDetached, Garage, Garage Door Opener
MLS #1379644
Summary
- MLS Number: 1379644
- MLS Name: RIS
- Office Name: Williams & Stuart Real Estate
- Office Phone: (401) 942-0200
- Office Email: admin@williamsandstuart.com
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 2:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$729,000
31 Arnold St
$8,657
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 20, 2022 | Home Sold | $605,000 |
| Jan 02, 2007 | Home Sold | $364,000 |
| Oct 08, 2004 | Home Sold | $277,000 |
| Feb 13, 2004 | Home Sold | $165,000 |
| Feb 16, 1999 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $413,800 | $7,179 |
| 2023 | $413,800 | $6,824 |
| 2022 | $413,800 | $6,807 |
| 2021 | $321,600 | $6,525 |
| 2020 | $321,600 | $6,477 |
| 2018 | $253,800 | $5,672 |
| 2017 | $253,800 | $5,558 |
History based on county public records data.
Nearby schools
7
Lonsdale Elementary School
Public District KG-5
0.4 mi
•270 River Rd
6
B.F. Norton Elementary School
Public District KG-5
0.8 mi
•364 Broad St
4
Blackstone Valley Preparatory
Public Charter KG-4
0.9 mi
•291 Broad St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $73,140. Residents of Lincoln, RI typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
27%
<35k
41%
35k-100k
29%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
38%
Single, No Kids
15%
Single, with Kids
28%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
42%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Extreme Sports
Soccer
Where do the neighbors shop?
Nordstrom Rack
Sam's Club
Forever 21
Where do the neighbors go to eat?
Chipotle
White Castle
Dominos Pizza
What do the neighbors drive?
Mazda
Oldsmobile
Nissan
What do the neighbors listen to?
Rock
Rhythmic Contemporary Hits
Christian Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Lincoln, RI
About 31 Arnold St
This home is located at 31 Arnold St in Lincoln, RI and zip code 02865. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $729,000.
Over 4 listings were sold over their listed price in February 2025 in Lincoln, RI. In the same period over 3 listings were sold below the listed price and 8 listings were sold for the listed price. Between January and February 2025, Lincoln, RI real estate market has seen decrease in the number of listings by 23%. While the average time on the market in February 2025 was 28 days, the median list price was $489,900.
From Rocket Homes Real Estate and based on county public records data.