14 Park Street, Central Falls, RI 02863
MULTI_FAMILY - Central Falls, RI
- Added:
- Jun 30, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 6 at 8:06 am
Property Features for 14 Park Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- Parking
- 5
- Patio and Porch features
- Deck
- Interior features
- Plumbing (Mixed)
- Exterior features
- Deck
- Basement
- Unfinished, Partial, Storage Space
- Standard status
- Active
- Size
- 1,644 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4638
Utilities
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Aluminum Siding
Listing agent Roxanne Beretta License #1000625 (508) 543-3922
Listing office Re/Max Real Estate Center 37 Sandy Bottom Road, Foxboro, RI (401) 823-7600
Listing date Jun 30, 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.
HighLights
- Two‑family home built in 1920, sold as‑is, where‑is (estate sale) with contents remaining
- Unit 1: 2 bedrooms and 1 full bath; Unit 2: 1 bedroom and 1 full bath
- Detached two‑car garage plus private driveway
- Heating includes natural gas with baseboard heating
- Public water connection
- Exterior features include a deck; exterior siding is aluminum
Overview
The property is located at 14 Park Street in Central Falls, Rhode Island, in Providence County. Zoning is listed as R2. Public remarks indicate convenient access to highways, public transportation, and shopping, and note proximity to the new high school. Buyers should confirm all details through their own due diligence.
For investors, contractors, or owner-occupants seeking a renovation project, the basic two-unit layout and detached parking support a range of redevelopment approaches. The seller’s terms make this best suited for buyers prepared to handle clean-out and upgrades, with the flexibility to adapt the property to their plans within the constraints of the current R2 zoning and local requirements. The property is offered for sale as-is, where-is, and buyer due diligence is required.
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 | $41.8k | $25.44 |
| − Vacancy | −$2.7k | −$1.65 |
| EGI | $39.1k | $23.79 |
| − OpEx | −$11.7k | −$7.14 |
| NOI | $27.4k | $16.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.399746
- Latitude
- 41.886492
