129 Liberty Street Central Falls, RI 02863
MULTI_FAMILY - Central Falls, RI
Property Features for 129 Liberty Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3
- Parking
- 4
- Parking features
- None
- Interior features
- Wall (Dry Wall), Attic Storage, Insulation (Floors), Insulation (Walls)
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 2,068 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3860
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Dry Wall, Masonry, Other Siding
- Additional Structures
- Storage
Listing agent The Realpro Group (401) 432-4223
Listing office Realpro By The Water 2202 Broad Street, Cranston, RI (401) 600-4100
Listing date Jul 13, 2026
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.
The property is located in Central Falls, Rhode Island, in an R2 zoning district. It sits on a lot totaling approximately 0.1148 acres, providing a straightforward residential income setup within Providence County.
Key Highlights
- Side‑by‑side two‑family home built in 2007, formerly two separate condominiums now combined into one multifamily property
- Each unit offers 2 bedrooms and 2 full bathrooms with tall ceilings and generous natural light
- Hardwood flooring, with insulation in floors and walls and dry wall construction
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.6k | $25.44 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $49.2k | $23.79 |
| − OpEx | −$14.8k | −$7.14 |
| NOI | $34.4k | $16.65 |
