The synthesis of sulfur-bridged Fe–Ni heterobimetallics was inspired by Nature’s strategies to “trick” abundant first row transition metals into enabling 2-electron processes: redox-active ligands (including pendant iron–sulfur clusters) and proximal metals. Our design to have redox-active ligands on each metal, NO on iron and dithiolene on nickel, resulted in the observation of unexpectedly intricate physical properties. The metallodithiolate, (NO)Fe(N
2
S
2
), reacts with a labile ligand derivative of [Ni
II
(S
2
C
2
Ph
2
)]
0
, Ni
DT
, yielding the expected S-bridged neutral adduct,
FeNi
, containing a doublet {Fe(NO)}
7
. Good reversibility of two redox events of
FeNi
led to isolation of reduced and oxidized congeners. Characterization by various spectroscopies and single-crystal X-ray diffraction concluded that reduction of the
FeNi
parent yielded
[FeNi]
−
, a rare example of a high-spin {Fe(NO)}
8
, described as linear Fe
II
(NO
–
). Mössbauer data is diagnostic for the redox change at the {Fe(NO)}
7/8
site. Oxidation of
FeNi
generated the 2
[FeNi]
+
⇌
[Fe
2
Ni
2
]
2+
equilibrium in solution; crystallization yields only the
[Fe
2
Ni
2
]
2+
dimer, isolated as PF
6
−
and BArF
−
salts. The monomer is a spin-coupled diradical between {Fe(NO)}
7
and Ni
DT
+
, while dimerization couples the two Ni
DT
+
via a Ni
2
S
2
rhomb. Magnetic susceptibility studies on the dimer found a singlet ground state with a thermally accessible triplet excited state responsible for the magnetism at 300 K (χ
M
T = 0.67 emu·K·mol
−1
,
µ
eff
= 2.31
µ
B
), and detectable by parallel-mode EPR spectroscopy at 20 to 50 K. A theoretical model built on an H
4
chain explains this unexpected low energy triplet state arising from a combination of anti- and ferromagnetic coupling of a four-radical molecular conglomerate.