For the first time in over 40 years, you finally have the opportunity to get in to this charming two-family home with water views and ample parking. Nestled in a prime location, enjoy the water view without requiring flood insurance, this two-family (up/down) home offers endless potential for both investors and homeowners alike. Each unit features two spacious bedrooms and one full bathroom, providing comfortable living spaces for tenants or multi-generational families. The property boasts off street parking for 5+ vehicles and is equipped with a brand-new heating system and hot water heater, ensuring comfort and energy efficiency. With a relatively young roof, this home has a solid foundation for many years to come. While the interior of the property could use some TLC to bring it up to its full potential, it's seeking someone to come in and give it a new life, offering a fantastic opportunity to make it your own. Whether you're looking for an income-generating investment or a home to flip and/or personalize, this is a must-see. Don’t miss out on this great location with water views and endless possibilities! This home is part of an estate sale, being sold as is. Cash or conventional financing only.
Sold for $335,000
$335,000
1486 Smithfield Ave, Lincoln, RI 02865
4beds
1,700sqft
Multi Family
Built in 1910
-- sqft lot
$524,800 Zestimate®
$197/sqft
$2,460 Estimated rent
Home value
$524,800
$472,000 - $577,000
$2,460/mo
Zestimate® history
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$1,726/mo
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List your homeWhat's special
Water viewsAmple parkingOff street parkingSpacious bedroomsHot water heaterBrand-new heating system
Zillow last checked:
Listing updated:
Listed by:
Amy Therrien 401-489-0734,
The Neighborhood Realty Group
Bought with:
The Infinity Group
Compass
Source: StateWide MLS RI,MLS#: 1380779
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub
Heating
- Natural Gas, Gas Connected
Cooling
- None
Appliances
- Included: Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: In Building
Features
- Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Hardwood, Other
- Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,572
- Total interior livable area: 1,700 sqft
Property
Parking
- Total spaces: 5
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
- Fencing: Fenced
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.28 Acres
- Features: Corner Lot
Details
- Parcel number: LINCM09L1590U
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Shingles
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Connected
Community & HOA
Community
- Features: Near Public Transport, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
HOA
- Has HOA: No
Location
- Region: Lincoln
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $349,900
- Annual tax amount: $4,629
- Date on market: 3/26/2025
- Inclusions: Subject to seller finding suitable housing. Home qualifies for a Homestead Exemption through the town of Lincoln. The new respective owner must apply after the sale.
- Total actual rent: 1300
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2025 | Sold | $335,000+3.1%$197/sqft |
Source:  StateWide MLS RI #1380779 Report a problem | ||
| 4/2/2025 | Pending sale | $325,000$191/sqft |
Source: StateWide MLS RI #1380779 Report a problem | ||
| 3/26/2025 | Listed for sale | $325,000$191/sqft |
Source: StateWide MLS RI #1380779 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,731 +2.2% | $349,900 +31.1% |
| 2024 | $4,629 +5.2% | $266,800 |
| 2023 | $4,400 +0.3% | $266,800 |
| 2022 | $4,389 +16% | $266,800 +43.1% |
| 2021 | $3,782 +103.5% | $186,400 |
| 2020 | $1,858 +3.3% | $186,400 +21.9% |
| 2018 | $1,799 -46.3% | $152,900 |
| 2017 | $3,349 +0.7% | $152,900 -0.7% |
| 2016 | $3,326 +19% | $154,000 +29.6% |
| 2015 | $2,795 -0.2% | $118,800 |
| 2014 | $2,800 +0.3% | $118,800 |
| 2013 | $2,791 -12.7% | $118,800 +704.3% |
| 2012 | $3,198 | $14,770 -90% |
| 2011 | $3,198 | $147,700 |
| 2010 | $3,198 -18.6% | $147,700 -34.1% |
| 2009 | $3,931 +3.9% | $224,100 |
| 2008 | $3,783 +13.2% | $224,100 +30.7% |
| 2006 | $3,343 +1.6% | $171,500 |
| 2005 | $3,289 | $171,500 |
Find assessor info on the county website
Neighborhood: 02865
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Nearby schools
GreatSchools rating
- 7/10Saylesville Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Lincoln Middle SchoolGrades: 6-8Distance: 3.1 mi
- 9/10Lincoln Senior High SchoolGrades: 9-12Distance: 3.2 mi
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Estimated market value
$524,800
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Estimated market value
$524,800
- Rhode Island
- Providence County
- Lincoln
- 02865
- 1486 Smithfield Ave
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