71 South Street, Lincoln, RI 02865

• 5 beds |
• 2 baths |
• 3,504 sqft

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.

Listing Status:

Active

Date Added:

April 1, 2026

Data Last Updated:

April 27, 2026 at 10:18PM

Listing Office:

Better Living Real Estate, LLC : 781-821-0105

MLS ID:

1409731

Interior

• General: Tub Shower
• Appliances: Water Heater
• Laundry: Common Area
• Basement: FullInterior EntryUnfinished
• Flooring: CarpetCeramic TileLaminate
• A/C: None
• Heating: GasHot Water
• Fireplace: Fireplaces: 0

Exterior

• Style: Stacked
• Parking: No GarageParking spaces: 4

Construction

• General: DrywallAluminum Siding0Concrete Perimeter

Location

• HOA Amenities: 0.0Monthly
• Originating MLS: RIS_RIS
• County: Providence

Lot

• Zoning: 71SOUTHSTLINC

Utilities

• Utilities: 100 Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: RIS_RIS