Seller's Agent in 2026
The WP Group
Smith and Oak Real Estate Co.
(401) 281-8491
2 in this area
90 Total Sales
116 Foundry St Central Falls, RI 02863
10
Beds
6
Baths
5,410
Sq Ft
5,000
Sq Ft Lot Lot
Highlights
- Recreation Facilities
- Laundry Room
- Public Transportation
- Bathtub with Shower
- Tankless Water Heater
- 4-minute walk to Jenks Park
About This Home
As of February 2026New Everything. NOI over $110K+, Cap Rate over 11%, 5 Total Units, $11,225 gross monthly rent. (1) Single Family with 2BR/2BA across 850 +/- sq. ft. currently rented at $3000 per month. (1) 4-Unit building. Unit 1 is a 3BR/1BA across 1,140 +/- sq. ft. and is vacant [MARKET $2,800 p/month]. Unit 2 is the same layout, occupied [$2,500 p/month]. The third floor is split into (2) 1BR/1BA units, both currently occupied [3L: $1,375 p/month, 3R: $1,550 p/month]. Don't let this opportunity slip. Brand new: plumbing, electrical, insulated windows, roof* siding, 3 navien tankless heat/hot water, flooring, kitchens, bathrooms, smoke detectors, light and plumbing fixtures. *Back house has brand new roof (archetectural shingles), 4-unit has flat, rubber roof in great condition. Maintenance free investment is a great addition to your portfolio in a growing market. Inquire about transferable property management available at discounted rate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,036
Year Built
- Built in 1900
Lot Details
- 5,000
Home Design
- Brick Foundation
- Vinyl Siding
Interior Spaces
- 5,410 Sq Ft Home
- 3-Story Property
- Vinyl Flooring
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 6 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Gas
- Tankless Water Heater
- Gas Water Heater
Additional Features
- 5,000 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 347
- Assessor Parcel Number 116FOUNDRYSTCFLS
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Recreation Facilities
Building Details
- Operating Expense $22,673
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/10/2026 02/10/26 | Sold | $840,000 | -6.6% | $155 / Sq Ft |
| 11/30/2025 11/30/25 | Pending | -- | -- | -- |
| 10/28/2025 10/28/25 | Price Changed | $899,000 | -5.3% | $166 / Sq Ft |
| 10/25/2025 10/25/25 | Off Market | $949,000 | -- | -- |
| 10/24/2025 10/24/25 | For Sale | $949,000 | 0.0% | $175 / Sq Ft |
| 09/18/2025 09/18/25 | Price Changed | $949,000 | -5.1% | $175 / Sq Ft |
| 07/07/2025 07/07/25 | For Sale | $999,990 | -- | $185 / Sq Ft |
Source: State-Wide MLS
Tax History
| 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 | $8,037 | $608,400 | $105,000 | $503,400 |
| 2024 | $8,875 | $471,800 | $79,500 | $392,300 |
| 2023 | $6,595 | $355,500 | $79,500 | $276,000 |
| 2022 | $6,207 | $355,500 | $79,500 | $276,000 |
| 2021 | $4,127 | $173,700 | $27,500 | $146,200 |
| 2020 | $4,115 | $173,700 | $27,500 | $146,200 |
| 2019 | $4,301 | $173,700 | $27,500 | $146,200 |
| 2018 | $3,262 | $124,000 | $26,500 | $97,500 |
| 2017 | $3,262 | $124,000 | $26,500 | $97,500 |
| 2016 | $3,215 | $124,000 | $26,500 | $97,500 |
| 2015 | $2,951 | $106,800 | $25,000 | $81,800 |
| 2014 | $2,911 | $106,800 | $25,000 | $81,800 |
| 2013 | $2,747 | $106,800 | $25,000 | $81,800 |
Source: Public Records
Agents Affiliated with this Home
-
The WP Group
-
Carlas Ovalle
C
Buyer's Agent in 2026
Carlas Ovalle
REALPRO by The Water
(401) 212-3373
1 in this area
2 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1389308
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Copyright © 2026 State-Wide MLS, Inc. All rights reserved.
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