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71 South Street Lincoln

$457,900
5 2 3,504 sq ft

The Property

Great opportunity to own a sizable duplex in desirable Lincoln, RI! The first floor unit houses two bedrooms, a large eat-in kitchen, living room, and remodeled bathroom. Tenants in place are month-to-month and are paying below-market rents due to longevity in the unit. The second/third floor unit features three bedrooms (one that is the entire third floor), an eat-in kitchen, a large remodeled bathroom, and living room. Tenants in place are month-to-month and are paying below-market rent.

The building was connected to public sewer in 2014 and all electrical was redone in 2013. Off-street parking for four vehicles and a beautiful yard space finish off this awesome property. This property offers fantastic investment potential for owner-occupants who could take advantage of Lincoln’s 35% homestead tax exemption.

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Listing Details

MLS Number

1321075

Lot Size:

0.11 acres

Features

  • Basement: Full
  • Aluminum Siding
  • Heating: Forced Water
  • Heating Fuel: Gas
  • Laundry
  • Type: Up/Down
  • Year Built: 1900

Market Trends for Multi Family Homes
in Lincoln

  • Overview
    Homes for Sale Today3-96.7% decrease in inventory
    New on Market *350% increase in new listings
    Avg. Asking Price/Sq.Ft. *$131.25$32 increase in List Price/Sq.Ft.
    Avg. Sale Price *$388,950$57,300 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *104.40%-1.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$136.45$45 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5623 decrease 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?

    Contact Us

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

Listed by Better Living Real Estate, LLC

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