24 Arnold Street Lincoln

$719,000
7 3 2,844 sq ft

The Property

Great investment! This income-generating 3-unit property offers strong rental potential with lots of amenities in the desirable Lonsdale area of Lincoln. Property features a great oversized lot with a two car garage.. a superb location…walking distance to shopping plaza and elementary school. Mechanicals include fire alarm system, updated heat & electric, brand new hot water tanks, brand new driveway and updated gutters.

Make extra income as there is a strong potential for an ADU; additionally there is space for laundry and storage, plenty of off-street parking, partially fenced and an expansive backyard. This property is designed for both owner-occupants and investors looking for steady cash flow. First floor: 2 bedroom, 1 bath layout featuring a comfortable living room, dining and Galley kitchen – ideal for families or long-term tenants. Second floor: 2 bedroom, 1 bath unit with a living room, separate dining room, and a kitchen. Third floor: 3 Bed, Living, Kitchen and a bath. 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. Property also includes a detached 2 car garage and an enclosed porch. Lincoln has owner occupied tax exemption available. Close to highways, shopping, and Blackstone River Bike Path.

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Listing Details

MLS Number

1400427

Lot Size:

0.25 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Garage: 1
  • Year Built: 1877

Market Trends for Single Family Homes
in Lincoln

  • Overview
    Homes for Sale Today35-95.7% decrease in inventory
    New on Market *19-17.4% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$311.71$55 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$579,400$22,157 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.13%-1.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$306.16$22 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6715 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Equinox Properties

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