Four-Unit Masonry
New
For Sale
$799,700
100 Chestnut Street, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size3,244 SF
Lot Size0.22 Acres
Price / SF$246.52
Days on Market3
Property Features for 100 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking
13
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Appliances
Gas Water Heater, Oven/Range, Refrigerator
Standard status
Active
Size
3,244 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7238
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile - Ceramic
Building materials
Dry Wall, Plaster, Masonry
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Filomena ALTIERI
(401) 486-2001
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 7:06AM
MLS# 1421305
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit multifamily property offers 3,244 square feet on a 0.217-acre lot. The masonry building was constructed in 1900 and includes six bedrooms and four bathrooms, with hardwood and ceramic tile flooring throughout the documented interior finishes. A five-car garage adds substantial on-site vehicle and storage capacity.
Building systems include natural-gas baseboard heating, a gas water heater, mixed plumbing, and public water service. The property also includes an oven/range and refrigerator, along with a combination of drywall and plaster wall finishes. Located in Central Falls, Rhode Island, the property is identified by the address 100 Chestnut Street.
Building systems include natural-gas baseboard heating, a gas water heater, mixed plumbing, and public water service. The property also includes an oven/range and refrigerator, along with a combination of drywall and plaster wall finishes. Located in Central Falls, Rhode Island, the property is identified by the address 100 Chestnut Street.
Key Highlights
- Four‑unit multifamily property with 3,244 square feet
- 0.217‑acre lot in Central Falls, RI
- Five‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,014
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,280
$1.1M
Cap Rate 7%
$771,629
$771.6K
Cap Rate 9%
$600,156
$600.2K
Market Conditions
NOI Build-Up for 3,244 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.5K $25.44/SF
− Vacancy
−$5.4K −$1.65/SF
EGI
$77.2K $23.79/SF
− OpEx
−$23.1K −$7.14/SF
NOI
$54.0K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,280
Cap Rate 7%
$771,629
Cap Rate 9%
$600,156
Alternative Uses
Best Use
Multifamily LT 5
$771.6K
$675.2K – $900.2K
NOI $54,014 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$612.4K
$535.9K – $714.5K
NOI $42,868 @ 7.0% cap · market cap 5.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Masonry construction and natural-gas baseboard heat complement the multifamily rental configuration.
Where is this quadplex located?
The property is located at 100 Chestnut Street Central Falls, RI.
What is the asking price?
The asking price for this property is $799,700.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,244 square feet; 0.217‑acre lot in Central Falls, RI; Five‑car garage included
