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Spacious Three-Family Investment Opportunity

872 Lonsdale Avenue Central Falls, RI 02863

Claim this Listing
Pending
$639,000

MULTI_FAMILY - Central Falls, RI

Property size:
3,604 SF
Lot size:
0.07 Acres
Added:
Mar 31, 2026
Days on Market:
104
Last Refresh:
Jul 12 at 3:06 am

Property Features for 872 Lonsdale Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
C-2
Bedrooms
9
Bathrooms
3
Rooms
Bathroom 2, Bedroom 8, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 9, Bathroom 1, Bathroom 3, Basement, Bedroom 4
Parking
6
Parking features
Garage
Interior features
Wall (Dry Wall), Attic, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Partially Finished, Storage Space
Appliances
Gas Water Heater, Microwave, Oven/Range, Refrigerator
Standard status
Pending
Size
3,604 SF
Lot size
0.07 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
6602

Utilities

Heating system
Baseboard, Natural Gas, Space Heater
Water source
Public

Building Details

Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Tile - Ceramic, Hardwood
Building materials
Dry Wall, Vinyl Siding, Wood

Listing agent Rachel Baptista Da Moeda License #RES.0042193

Listing office Re/Max Properties 696 Douglas Pike, SMITHFIELD, RI

Listing date Mar 31, 2026

MLS# 1408763 Listing URL

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.

Located at 872-876 Lonsdale Avenue in Central Falls, RI, this large three-family property presents an investment opportunity. Each unit features three bedrooms and one bathroom, along with separate living and dining rooms. The property includes a partially finished basement with an additional bath, offering storage space or potential for further enhancements. Each unit is equipped with separate utilities. The building provides off-street parking for six cars and offers convenient access to the train station and highway. Situated within walking distance of the newly built Central Falls High School and close to various amenities, the property is located in a C-2 zoning district and has a lot size of 0.0716 acres. The building has a property size of 3604 square feet.

Key Highlights

  • Three‑family home with three units; each unit has 3 bedrooms and 1 bathroom
  • Separate living and dining rooms in each unit
  • Partially finished basement with an additional bath

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 $92.1k $25.56
− Vacancy −$5.5k −$1.53
EGI $86.6k $24.03
− OpEx −$39.0k −$10.81
NOI $47.6k $13.21
3,604 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$857.3K
$750.1K – $1.00M (±1% cap)
NOI $60,008 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$680.4K
$595.3K – $793.8K (±1% cap)
NOI $47,625 @ 7.0% cap · market cap 7.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Parking Lot & Garage Carpet & Flooring Store Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store HVAC Service Florist Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Large three-family property with income potential in Central Falls, RI.
Where is this triplex located?
The property is located at 872 Lonsdale Avenue Central Falls, RI.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Three‑family home with three units; each unit has 3 bedrooms and 1 bathroom; Separate living and dining rooms in each unit; Partially finished basement with an additional bath
Contact an agent
More about this property
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