Sold
Last Sold Price
8 beds4,209 sqft$93/sqft
12 Spring St, Lincoln, RI 02838
Multi FamilyProperty Type
8,276 sq ftLot Size
1880Year Built
$93/sq ftPrice per sq ft
4 carsParking Spaces

Description

Nestled in the heart of Manville, RI, this clean townhouse-style duplex is the opportunity you've been waiting for! Offering two generous mirror-image units, this incredible investment yields innumerable options for both owner-occupants and investors alike. Each unit houses a large eat-in kitchen with massive pantry space, 1/2 bath on the first level, and generous living spaces including formal living rooms and den/office spaces. The second floor of each unit presents 4 bedrooms and 1 full bathroom....Nestled in the heart of Manville, RI, this clean townhouse-style duplex is the opportunity you've been waiting for! Offering two generous mirror-image units, this incredible investment yields innumerable options for both owner-occupants and investors alike. Each unit houses a large eat-in kitchen with massive pantry space, 1/2 bath on the first level, and generous living spaces including formal living rooms and den/office spaces. The second floor of each unit presents 4 bedrooms and 1 full bathroom. Unit 14 has laundry hookups on the main level while unit 12 has laundry hookups in the basement space. Each unit has access to the basement for storage and utilities, as well as semi-private backyard space with shrubs and walkways, off-street parking for up to four vehicles, and plenty of on-street parking for guests. Owner occupants benefit from Lincoln's generous homestead exemption and stand to generate enough income from the second unit to offset up to 50% or more of their mortgage obligations! Don't hesitate to schedule a showing and see for yourself the amazing potential 12 Spring Street has to offer!
  • Listed by: Brooke Depot 401.405.1098 bdepot@betterlivingre.com Brokerage DRE #REB.0015620 • Better Living Real Estate, LLC
Listing closed: 11/04/2022 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1319255

Location

Listing Courtesy of Better Living Real Estate, LLC

Sold By eXp Realty

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Payment Calculator

$2,478 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,995

Property Taxes

$483

HOA Dues

$0

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Property Information for 12 Spring Street

Property Details
  • Taxes: $5,796 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: Manville
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1880
  • Lot Size: 0.19 AC / 8,276 SF
Summary
Location and General Information
  • City: Lincoln
  • Postal City: Lincoln
  • Postal Code: 02838
  • State Or Province: RI
  • Zoning: RG7
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 4
Taxes and HOA Information
  • Tax Annual Amount: $5,796.00
  • Tax Assessed Value: 287200
  • Tax Lot: 114
  • Tax Year: 2022
Property
Lot Information
  • Above Grade Fin SQFT: 4209.0
  • Building Area Total: 4209.0
  • Frontage Length: 90
  • Living Area Source: Public Records
  • Lot Size Acres: 0.19
  • Lot Size Area: 8276.0
  • Lot Size Square Feet: 8276.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 12SPRINGSTLINC
  • Stories Total: 2
Property and Assessments
  • Buyer Financing: Fha, Va
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1880
  • C L I P: 2,329,588,453
Utilities
  • Electric: Amps100
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Ceramic Tile
  • Heating: Baseboard, Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: In Unit
  • Rooms Total: 16
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1,600.00
  • Description: Estimated Market Rent
  • Occupant Type: Vacant
  • Unit Type Area: 1052.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Unit 2 Information
  • Actual Rent: $1,600.00
  • Description: Estimated Market Rent
  • Unit Type Area: 1052.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 12 Spring Street

DateEvent & SourcePriceAppreciation
Nov 4, 2022

Sold

Rhode Island Association of REALTORS® #1319255

$392,500
Oct 22, 2022

Sold (Public Record)

Public Record #1500744788

$392,500

+16.4% / yr

Sep 15, 2022

Contract Signed

Rhode Island Association of REALTORS® #1319255

DateEvent & SourcePrice
11/04/2022

Sold

Rhode Island Association of REALTORS® #1319255

$392,500
10/22/2022

Sold (Public Record)

Public Record #1500744788

$392,500

+16.4% / yr

09/15/2022

Contract Signed

Rhode Island Association of REALTORS® #1319255

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 12 Spring Street

Taxable ValueLand$100,200Additions$278,900Total$379,100
Tax Record2025$5,125 ($427 / month)
Home Facts
Baths3Total Finished SqFt2,105 SqFtAbove Grade Finished SqFt2,105 SqFtStories2Lot Size8,102 SqFtStyleMulti-Family Dwelling (2-4)Year Built1880Year Renovated1880ZoningRG7CountyPROVIDENCEAPNLINC M:37 L:114.0 U:

Schools near 12 Spring Street

This home is within Lincoln School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 1
Rating
School
Distance
Northern Lincoln Elementary
PublicPK to 5

Lincoln Middle School
Public6 to 8

Lincoln Senior High School
Public9 to 12

Northern Early Learning Center
PublicPK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Better Living Real Estate, LLC

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.