112 Clay St Central Falls, RI 02863
Downtown Pawtucket NeighborhoodEstimated payment $3,782/month
Highlights
- Wood Flooring
- Porch
- Storage Room
- 8 Car Detached Garage
- Storm Windows
- Forced Air Heating and Cooling System
About This Home
Incredible wealth-building opportunity at 112 Clay Street in Central Falls, RI! This massive, highly versatile 3-family property is delivered 100% vacant, offering an estimated $4,800+/month in residential rental income. Perfect for savvy real estate investors or owner-occupants seeking the ultimate house-hack, this spacious multi-family home features 5 bedrooms and 3 bathrooms across three functional, well-designed layouts. The property features a spacious 3-bed/1-bath unit ideal for an owner's suite, alongside two 1-bed/1-bath units to maximize your monthly cash flow. Extremely well-located in a high-demand commuter hub close to I-95, local restaurants, shopping, and the local train station, keeping tenant demand high and vacancy rates low. Adding massive value is a rare 2,000+ sqft detached garage with 13+ ft ceilings, 220V electrical power (separated), heavy-duty cinderblock construction, and an 8-inch concrete slab. This bonus commercial-grade structure is perfect for contractors, business storage, a private workshop, or separate rental income. Explore local zoning guidelines for ADU (Accessory Dwelling Unit) potential to add a 4th income-producing stream! With off-street parking for up to 12 cars, individual utility meters, low-maintenance vinyl siding, and unparalleled versatility, this property offers a rare combination of immediate high-yield cash-flow and long-term equity growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,577
Year Built
- Built in 1867
Parking
- 8 Car Detached Garage
Home Design
- Vinyl Siding
Interior Spaces
- 2,518 Sq Ft Home
- 2-Story Property
- Storage Room
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Home Security
- Storm Windows
- Storm Doors
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
- 100 Amp Service
- Gas Water Heater
Additional Features
- Porch
- 6,534 Sq Ft Lot
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Tax Lot 24
- Assessor Parcel Number 112CLAYSTCFLS
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,577 | $497,900 | $126,800 | $371,100 |
| 2024 | $6,070 | $322,700 | $87,400 | $235,300 |
| 2023 | $5,986 | $322,700 | $87,400 | $235,300 |
| 2022 | $3,872 | $322,700 | $87,400 | $235,300 |
| 2021 | $5,163 | $217,300 | $42,000 | $175,300 |
| 2020 | $5,148 | $217,300 | $42,000 | $175,300 |
| 2019 | $5,380 | $217,300 | $42,000 | $175,300 |
| 2018 | $4,709 | $179,000 | $37,500 | $141,500 |
| 2017 | $4,709 | $179,000 | $37,500 | $141,500 |
| 2016 | $4,641 | $179,000 | $37,500 | $141,500 |
| 2015 | $4,910 | $177,700 | $37,500 | $140,200 |
| 2014 | $4,844 | $177,700 | $37,500 | $140,200 |
| 2013 | $4,570 | $177,700 | $37,500 | $140,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/03/2026 06/03/26 | For Sale | $599,900 | -- | $238 / Sq Ft |
Source: State-Wide MLS
MLS Number: 1414312
APN: CENT M:05 P:24
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