Three-Unit Residential Property with Guest
For Sale
$739,999
Pending
12 Worth Street, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size3,692 SF
Lot Size0.13 Acres
Days on Market52
Property Features for 12 Worth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
8
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 8, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 5, Basement, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 2
Parking
6
Parking features
None
Patio and Porch features
Porch, Patio
Interior features
Wall (Dry Wall), Attic, Attic Stairs, Attic Storage, Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
Exterior features
Balcony, Guest House, Porch, Screened Pch/Patio/Dck/Brzwy
Basement
Full, Unfinished
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Lot features
Extra Lot, Fenced, Paved Driveway, Paved
Standard status
Pending
Size
3,692 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4894
Utilities
Heating system
Steam, Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1932
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Vinyl
Building materials
Dry Wall, Shingles, Vinyl Siding, Wood
Additional Structures
Guest House, Storage
Buildings
2
Listing Agency:
Realpro By The Water
(401) 600-4100
Listed By:
The Realpro Group · License #24586
(401) 900-5885
Added: Sep 16
Changed: Oct 30
Last Checked: Nov 6 at 1:06PM
MLS# 1423522
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 three-unit residential property comprises two separate buildings on a 0.1329-acre parcel. One is a recently remodeled, three-bedroom, one-bathroom single-family home. The other contains two apartments: a three-bedroom, one-bathroom unit and a two-bedroom unit with one full and one half bath. Together, the buildings offer 3,692 square feet of living area and eight bedrooms. R3 zoning is listed.
The property is at 12 Worth Street in Central Falls, Rhode Island. Shopping, restaurants, transportation, and major roadways are described as nearby. A porch, patio, balcony, and screened outdoor area are among the property features.
The property is at 12 Worth Street in Central Falls, Rhode Island. Shopping, restaurants, transportation, and major roadways are described as nearby. A porch, patio, balcony, and screened outdoor area are among the property features.
Key Highlights
- Two separate buildings configured as three residential units
- Eight bedrooms across the property
- Recently remodeled single‑family home with 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,474
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,480
$1.2M
Cap Rate 7%
$878,200
$878.2K
Cap Rate 9%
$683,044
$683.0K
Market Conditions
NOI Build-Up for 3,692 SF
Gross rent
$93.9K $25.44/SF
− Vacancy
−$6.1K −$1.65/SF
EGI
$87.8K $23.79/SF
− OpEx
−$26.3K −$7.14/SF
NOI
$61.5K $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%
$1,229,480
Cap Rate 7%
$878,200
Cap Rate 9%
$683,044
Alternative Uses
Best Use
Multifamily LT 5
$878.2K
$768.4K – $1.02M
NOI $61,474 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$697.0K
$609.9K – $813.1K
NOI $48,788 @ 7.0% cap · market cap 6.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
603
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
$300,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Providence County, RI
Properties on Market for Triplexes in Providence County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two separate residences provide three dwellings, including a recently remodeled single-family home.
Where is this triplex located?
The property is located at 12 Worth Street Central Falls, RI.
What is the asking price?
The asking price for this property is $739,999.
What are key features of this property?
This property features: Two separate buildings configured as three residential units; Eight bedrooms across the property; Recently remodeled single‑family home with 3 bedrooms and 1 bathroom
