2 King Street Central Falls, RI 02863
MULTI_FAMILY - Central Falls, RI
- Added:
- May 13, 2026
- Days on Market:
- 60
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 2 King Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 8, Bedroom 3, Bathroom 1, Bedroom 6, Basement, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 7, Bedroom 9, Bedroom 5, Bathroom 2, Bedroom 4
- Parking
- 6
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Stairs, Insulation (Walls)
- Basement
- Unfinished, Full, Storage Space
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 4,312 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6059
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Laminate, Carpet
- Building materials
- Dry Wall, Vinyl Siding
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date May 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.
Key Highlights
- 3‑family home in Central Falls with three‑bedroom units and 1 full bathroom per unit
- One unit is currently vacant and ready for immediate occupancy or rental income
- Recent exterior updates include new roof, new siding, and a new porch
Local Financial Insights For Apartment 5plus
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 | $110.2k | $25.56 |
| − Vacancy | −$6.6k | −$1.53 |
| EGI | $103.6k | $24.03 |
| − OpEx | −$46.6k | −$10.81 |
| NOI | $57.0k | $13.21 |
