Renovated Multifamily Building For Sale

387 Broad Street Central Falls, RI 02863

For Sale

$6,200,000

COMMERCIAL - Central Falls, RI

Lot size:

0.61 Acres

For Sale

$6,200,000

COMMERCIAL - Central Falls, RI

Lot size:

0.61 Acres

Added:: May 21, 2026
Days on Market:: 52
Last Refresh:: Jul 11 at 6:06 pm

Property Features for 387 Broad Street

General Information

Property type: Commercial Sale
Property subtype: Other
Property condition: Under Construction
Parking: 30
Standard status: Active
Lot size: 0.61 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 27790

Building Details

Year built: 1900
Building materials: Brick

Listing agent Kyle Seyboth License #REC.0005226

Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

Listing date May 21, 2026

MLS# 1412929

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 fully renovated 30-unit residential building in Central Falls presents an investment opportunity. The property features modern finishes and spacious layouts. The unit mix includes 22 studio units, 4 one-bedroom units, and 4 two-bedroom units. The recently renovated interiors make this a turnkey property for investors seeking a stabilized asset with long-term income potential. The property is located along the Broad Street corridor, providing access to local shops, restaurants, and amenities. It is situated minutes from Downtown Central Falls and nearby Pawtucket dining, arts, and entertainment destinations. The location is near the Pawtucket/Central Falls Transit Center for commuter rail access to Boston. Easy access to Interstate 95, Dexter Street, and Lonsdale Avenue is available. The property is near Slater Memorial Park, schools, healthcare, and Downtown Providence. The lot size is 0.61 acres.

Key Highlights

Fully renovated 30‑unit residential building offering a stabilized asset with long‑term income potential.
Diverse unit mix: 22 studios, 4 one‑bedroom, and 4 two‑bedroom units, providing strong rental flexibility.
Prime location along Broad Street with easy access to shops, restaurants, and everyday amenities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
RI
Central Falls
02863
387 Broad Street

What type of property is this?

Apartment building - Thirty-unit residential building with modern finishes and strong rental income.

Where is this apartment building located?

The property is located at 387 Broad Street Central Falls, RI.

What is the asking price?

The asking price for this property is $6,200,000.

What are key features of this property?

This property features: Fully renovated 30‑unit residential building offering a stabilized asset with long‑term income potential.; Diverse unit mix: 22 studios, 4 one‑bedroom, and 4 two‑bedroom units, providing strong rental flexibility.; Prime location along Broad Street with easy access to shops, restaurants, and everyday amenities.

387 Broad Street Central Falls, RI 02863

COMMERCIAL - Central Falls, RI

Property Features for 387 Broad Street

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Central Falls Auto Dealership Opportunity

Central Falls Three-Family Home

Legal 4-Family with Detached Garage

Spacious Multi-Family in Central Falls

Spacious Three-Family Investment Opportunity

Townhouse-Style Multifamily Property

Two Three-Unit Multifamily Buildings

Two-Family Property with Detached Garage

Turnkey Renovated 5-Unit Multifamily Building

Central Falls Investment Opportunity

Central Falls Industrial/Warehouse Opportunity

Auto Dealership with Expansion Potential

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