Seller's Agent in 2026
S & O Rhode Island Group
Smith and Oak Real Estate Co.
(855) 638-7698
73 Total Sales
116 Foundry St Central Falls, RI 02863
Central Falls Area
10
Beds
6
Baths
5,410
Sq Ft
5,000
Sq Ft 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.
Last Agent to Sell the Property
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2025
Closed on
Feb 10, 2026
Sold by
Bought by
Seller's Agent
S & O Rhode Island Group
Smith and Oak Real Estate Co.
Buyer's Agent
Carlas Ovalle
REALPRO by The Water
List Price
$949,000
Sold Price
$840,000
Premium/Discount to List
-$109,000
-11.49%
Views
49
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
0.0606%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 27, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,500
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $840,000 | -- | |
| Warranty Deed | $100,000 | None Available |
Source: Public Records
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $630,000 | Purchase Money Mortgage | |
| Closed | $700,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $360,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $263,500 | Future Advance Clause Open End Mortgage |
Source: Public Records
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 |
|---|---|---|---|---|
| 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
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 | $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
-
S & O Rhode Island Group
-
Carlas Ovalle
C
Buyer's Agent in 2026
Carlas Ovalle
REALPRO by The Water
(401) 212-3373
2 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1389308
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