$999,990

116 Foundry St Central Falls, RI 02863

Estimated payment $6,119/month

Total Views 2,280
10 Beds
6 Baths
5,410 Sq Ft
$185 Price per Sq Ft

Highlights

  • Recreation Facilities
  • Laundry Room
  • Public Transportation
  • Bathtub with Shower
  • Tankless Water Heater
  • 4-minute walk to Jenks Park

About This Home

New 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.

Listing Agent

The WP Group

Smith and Oak Real Estate Co. Listed on: 07/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,036

Year Built

  • Built in 1900

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,036

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Inclusions: FIVE LEGAL UNITS. (1) 4 family, and (1) Stand-alone single-family home in the backyard is a 2 bed/2 bath and is currently rented as an AIRBNB. There are
  • Above Grade Finished Sq Ft: 5410.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Stall Shower, Tub Shower
  • Dining Room Type: Laundry
  • Stories: 3

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5000.0
  • Parcel #: 116FOUNDRYSTCFLS
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 22673.0

Tax Info

  • Tax Annual Amount: 8036.0
  • Tax Lot: 347
  • Tax Map Number: 5
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $999,990 -- $185 / Sq Ft
Source: State-Wide MLS

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Source: State-Wide MLS

MLS Number: 1389308

State-Wide MLS
Rhode Island Providence County Central Falls 02863

116 Foundry St, Central Falls, RI

This home is located at 116 Foundry St, Central Falls, RI 02863 and is currently priced at $999,990, approximately $184 per square foot. This property was built in 1900. 116 Foundry St is a home located in Providence County with nearby schools including Central Falls Senior High School, Blackstone Valley Prep Elementary School 2, and Blackstone Valley Prep Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Nearby Homes
Listing Agent
The WP Group
Section Image
Smith and Oak Real Estate Co.
(401) 310-2836