61 Spring St

6,792 Sq. Ft.
$91 / Sq. Ft.
6,792
Sq. Ft.
$91
per Sq. Ft.

Description

Welcome to 61 Spring St, Manville, a unique investment gem! With four well-appointed units, this property offers versatility and steady rental income. The solar panels not only contribute to a greener footprint but also promise reduced future operating costs. Located in a sought-after area, this is an opportunity for savvy investors seeking a blend of modern amenities, sustainability, and financial prudence. 12 total bedrooms throughout the building provides great opportunities for investors to secure...Welcome to 61 Spring St, Manville, a unique investment gem! With four well-appointed units, this property offers versatility and steady rental income. The solar panels not only contribute to a greener footprint but also promise reduced future operating costs. Located in a sought-after area, this is an opportunity for savvy investors seeking a blend of modern amenities, sustainability, and financial prudence. 12 total bedrooms throughout the building provides great opportunities for investors to secure profitable market rents. Plenty of storage in the basement as well as coin-op laundry for extra income. Act now to secure your stake in this promising real estate venture! Subject to buyers successfully transferring current solar panel contract! Highest and best due sunday 2/4 10:00 am
  1. Listed by The DiSpirito Team • Brokerage DRE #REB.0019090 • Engel & Volkers
    P: (401)-244-8355 kaycee.oares@evrealestate.com

Property Details for 61 Spring Street

Subdivision Name
Manville
LISTING UPDATED: 04/05/2024 12:06 PM

Property Details for 61 Spring Street

StatusClosed
MLS #1351845
Days on Market5
Taxes$7,658 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.19 AC / 8,102 SF
CountyProvidence County

Location

Listing Courtesy of Engel & Volkers

Sold By Engel & Volkers

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Building Information for 61 Spring Street

Stories1Residences4Year Built1900Building Size-Lot Size0.19 AC / 8,102 SF

Payment Calculator

$3,735 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,097

Property Taxes

$638

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 61 Spring Street

Summary
Location and General Information
  • City: Lincoln
  • Community Features: Highway Access, Near Schools, Public Transportation, Recreation Area, Sidewalks
  • Postal City: Lincoln
  • Postal Code: 02838
  • State Or Province: RI
  • Zoning: RG7
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 8
Taxes and HOA Information
  • Tax Annual Amount: $7,658.00
  • Tax Assessed Value: 464400
  • Tax Lot: 125
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 6792.0
  • Building Area Total: 6792.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.186
  • Lot Size Area: 8102.0
  • Lot Size Square Feet: 8102.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 61SPRINGSTLINC
  • Stories Total: 1
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 7,684,786,049
Utilities
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 12
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Vinyl, Carpet
  • Heating: Baseboard, Gas
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 24
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1,400.00
  • Type: Item3Bedroom
  • Unit Type Area: 1300.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,200.00
  • Type: Item2Bedroom
  • Unit Type Area: 1100.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,500.00
  • Type: Item3Bedroom
  • Unit Type Area: 1500.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $2,300.00
  • Type: Item4BedroomOrMore
  • Unit Type Area: 1750.0
  • Baths Total: 1
  • Beds Total: 4
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 61 Spring Street

DateEvent & SourcePriceAppreciation
Apr 5, 2024

Sold (Public Record)

Public Record #1530105159

$615,000

+4.6% / yr

Apr 5, 2024

Sold

Rhode Island Association of REALTORS® #1351845

$615,000
Feb 5, 2024

Contract Signed

Rhode Island Association of REALTORS® #1351845

Jan 31, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1351845

$620,000
Jan 29, 2024

Permanently Off Market

Rhode Island Association of REALTORS® #1348962

Dec 7, 2023

Listed (Active)

Rhode Island Association of REALTORS® #1348962

$795,000
Oct 18, 2021

Sold (Public Record)

Public Record #1474580490

$550,000
Oct 18, 2021

Sold

Rhode Island Association of REALTORS® #1292183

$550,000
Sep 5, 2021

Contract Signed

Rhode Island Association of REALTORS® #1292183

Aug 27, 2021

Listed (Active)

Rhode Island Association of REALTORS® #1292183

$520,000
DateEvent & SourcePrice
04/05/2024

Sold (Public Record)

Public Record #1530105159

$615,000

+4.6% / yr

04/05/2024

Sold

Rhode Island Association of REALTORS® #1351845

$615,000
02/05/2024

Contract Signed

Rhode Island Association of REALTORS® #1351845

01/31/2024

Listed (Active)

Rhode Island Association of REALTORS® #1351845

$620,000
01/29/2024

Permanently Off Market

Rhode Island Association of REALTORS® #1348962

12/07/2023

Listed (Active)

Rhode Island Association of REALTORS® #1348962

$795,000
10/18/2021

Sold (Public Record)

Public Record #1474580490

$550,000
10/18/2021

Sold

Rhode Island Association of REALTORS® #1292183

$550,000
09/05/2021

Contract Signed

Rhode Island Association of REALTORS® #1292183

08/27/2021

Listed (Active)

Rhode Island Association of REALTORS® #1292183

$520,000

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

Public Records for 61 Spring Street

Taxable ValueLand$100,200Additions$477,700Total$577,900
Tax Record2025$7,813 ($651 / month)
Home Facts
Baths4Total Finished SqFt4,472 SqFtAbove Grade Finished SqFt4,472 SqFtStories2Lot Size8,102 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningRG7CountyPROVIDENCEAPNLINC M:37 L:125.0 U:

Schools near 61 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 Engel & Volkers

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.