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    38 Garfield St Central Falls, RI 02863

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    For Sale
    $449,000

    Fully rented three-family home offering consistent rental income.

    Lot size:
    0.06 Acres

    Property Features for 38 Garfield St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Realty Agent Bernadette Reyes Forbes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Family Home For Sale

    This three-family home is situated on its own separately deeded lot. The property is fully rented and in solid condition, offering consistent rental income with minimal maintenance. Parking access is available via easement.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Falls
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3931274
    Latitude
    41.8869611

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    FAQs

    What type of property is this?
    Triplex - Fully rented three-family home offering consistent rental income.
    Where is this triplex located?
    The property is located at 38 Garfield St Central Falls, RI.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Consistent rental income from a fully rented three-family home.; - Minimal maintenance required, ensuring profitability.; - Separately deeded lot provides privacy and potential future flexibility.
    (401) 436-7077
    Request Owner's contact information
    38 Garfield St Central Falls, RI 02863
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    Central Falls, RI 02863
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Garfield St Central Falls, RI 02863
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