Four-Unit Property with Five-Car
For Sale
$799,700
100 Chestnut Street, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size3,244 SF
Lot Size0.22 Acres
Price / SF$246.52
Days on Market73
Property Features for 100 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 2
Parking
13
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Standard status
Active
Size
3,244 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7238
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile - Ceramic
Building materials
Dry Wall, Plaster, Masonry
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Filomena ALTIERI
(401) 486-2001
Added: Aug 20
Changed: Oct 28
Last Checked: Oct 31 at 8:06PM
MLS# 1421305
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property has 3,244 square feet of building area and a masonry exterior. The interior includes hardwood and ceramic tile flooring, with natural gas baseboard heat. A gas water heater, oven, range, and refrigerator are also present. The building dates to 1900, and the property is served by public water.
The 0.217-acre parcel includes a five-car garage, which provides a separate component alongside the four dwelling units. The property is located in Central Falls, Rhode Island.
The 0.217-acre parcel includes a five-car garage, which provides a separate component alongside the four dwelling units. The property is located in Central Falls, Rhode Island.
Key Highlights
- Four‑unit residential income property
- 3,244 square feet of building area
- 0.217‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,014
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,280
$1.1M
Cap Rate 7%
$771,629
$771.6K
Cap Rate 9%
$600,156
$600.2K
Market Conditions
NOI Build-Up for 3,244 SF
Gross rent
$82.5K $25.44/SF
− Vacancy
−$5.4K −$1.65/SF
EGI
$77.2K $23.79/SF
− OpEx
−$23.1K −$7.14/SF
NOI
$54.0K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,280
Cap Rate 7%
$771,629
Cap Rate 9%
$600,156
Alternative Uses
Best Use
Multifamily LT 5
$771.6K
$675.2K – $900.2K
NOI $54,014 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$612.4K
$535.9K – $714.5K
NOI $42,868 @ 7.0% cap · market cap 5.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
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Business Placement
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - A masonry exterior and a separate garage provide additional rental space on a 0.217-acre parcel.
Where is this quadplex located?
The property is located at 100 Chestnut Street Central Falls, RI.
What is the asking price?
The asking price for this property is $799,700.
What are key features of this property?
This property features: Four‑unit residential income property; 3,244 square feet of building area; 0.217‑acre parcel
