71 South Street, Lincoln, RI 02865 - Photo 1

1/1

$590,000

Sold
Closed
Multi-Family
2 Units
5 Total Beds
0.11 Acres

1/1

Property Description

This well-maintained Gable-Front two-family in desirable Lincoln, RI offers a versatile layout ideal for both investors and owner-occupants. A new roof (2022) and updated appliances provide peace of mind and added value. The first-floor unit features 2 bedrooms, a full bath, an eat-in kitchen, and a comfortable living room, currently tenant-occupied with an active lease - perfect for immediate rental income. The upper unit delivers a multi-level living layout across the second and third floors. The second level includes 2 bedrooms, a full bath, kitchen, and living room, while the heated and finished third floor - accessed by an interior staircase - functions as a true extension of the unit. Ideal as a 3rd bedroom, primary suite, guest space, or home office, this flexible layout offers the kind of multi-level living rarely found in multi-family properties. This unique configuration appeals to today's buyers seeking additional space to live and work, while also enhancing long-term rental potential. Owner-occupants may benefit from Lincoln's 35% Homestead Tax Exemption, helping to significantly reduce monthly carrying costs.

Full Property Details

Full Property Details for 71 South St

General

Sold For: $590,000
Taxes: $3,575 (2025)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1409731
Added to Site: 111 day(s) ago

Interior

Number of Rooms: 11
Interior Features: Tub Shower
Appliances: Water Heater
Flooring: Carpet, Ceramic Tile, Laminate

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 5

Other Rooms

Laundry: Common Area

Parking

Total Spaces: 4
Parking Features: No Garage

Location

County: Providence

Heating & Cooling

Cooling Type: None
Heating Type: Gas, Hot Water

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

# Buildings: 1
Architectural Style: Stacked
Detached/Attached: Detached
Construction: Drywall, Aluminum Siding
Basement: Yes
Basement Desc.: Full, Interior Entry, Unfinished
Stories/Levels: 0
Building Size: 3504
Finished Total: 3,504 Sq. Ft.
Finished Above Grnd: 3,504 Sq. Ft.
Year Built: 1900

Lot Features

Lot Size (Acres): 0.11
Lot Size (Sq. Ft.): 4,792
Lot Size: 4792

Financial Considerations

Assoc Fee Freq.: Monthly
Tax Amount: $3,575.76
Tax Year: 2025

Disclosures and Reports

Inclusions: "Seller & broker make no representations or warranties & the information herein is subject to revision. Buyer is advised to perform due diligence, inspection, verification of condition & contract terms prior to closing. DO NOT enter property if not feeling well." * Public record does not reflect finished third floor. * Washing Machine is not included. Offer deadline: Wednesday, May 6 at 5:00 PM.
Property ID: 71SOUTHSTLINC
Lot Number: 269

Listed by Better Living Real Estate, LLC
Sold by Keller Williams Leading Edge

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— 71 South St —

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Schools

Schools serving 71 South St

School District:Lincoln School District, Lincoln, RI

Name	Grades	Distance
Saylesville Elementary School 50 Woodland Street, Lincoln, RI 02865	K-5	0.7 mi
Lincoln Middle School, Lincoln, RI 152 Jenckes Hill Road, Lincoln, RI 02865	6-8	3.6 mi
Lincoln Senior High School 135 Old River Road, Lincoln, RI 02865	9-12	4.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 71 South St

Date

Details

Price

Change

Source

6/05/2026

Sold

$590,000

4.44%

MLS

4/29/2026

Price Reduced

$564,900

-2.59%

MLS

4/01/2026

Listed

$579,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced

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$519,500

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Single Family
Active
Updated 4 days ago

3
Beds
2
Total Baths
1,403
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Sold

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Updated 13 days ago

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Beds
2
Total Baths
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Sq. Ft.

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Beds
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Total Baths
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Beds
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Beds
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Total Baths

71 South Street, Lincoln, RI 02865 (MLS# 1409731) is a Multi-Family property that was sold at $590,000 on June 05, 2026. Want to learn more about 71 South Street? Do you have questions about finding other Multi-Family real estate for sale in Lincoln? You can browse all Lincoln real estate or contact a Coldwell Banker agent to request more information.

71 South St Lincoln, RI 02865