New
For Sale
$495,000
Pending
126 Earle Street, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size2,436 SF
Lot Size0.18 Acres
Days on Market7
Property Features for 126 Earle Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6
Parking
4
Interior features
Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Attic Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished
Appliances
Gas Water Heater
Lot features
Extra Lot, Paved Driveway
Standard status
Pending
Size
2,436 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3862
Utilities
Heating system
Steam, Natural Gas
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile - Ceramic, Carpet
Building materials
Dry Wall, Paneled, Plaster, Vinyl Siding
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Steve Eccleston · License #RES.0032050
(401) 487-2100
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 5 at 1:06PM
MLS# 1424620
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 duplex contains 2,436 square feet and was built in 1920. The room information lists six bedrooms and two bathrooms, along with a basement. Interior finishes include hardwood, ceramic tile, and carpet flooring, with drywall, paneled, and plaster walls. Heating is steam-fired with natural gas, and the property has a gas water heater.
The parcel contains 0.1837 acres in Central Falls, Rhode Island.
The parcel contains 0.1837 acres in Central Falls, Rhode Island.
Key Highlights
- 2,436‑square‑foot duplex on a 0.1837‑acre parcel
- Built in 1920
- Room information lists six bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,561
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,220
$811.2K
Cap Rate 7%
$579,443
$579.4K
Cap Rate 9%
$450,678
$450.7K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$62.0K $25.44/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.9K $23.79/SF
− OpEx
−$17.4K −$7.14/SF
NOI
$40.6K $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%
$811,220
Cap Rate 7%
$579,443
Cap Rate 9%
$450,678
Alternative Uses
Best Use
Multifamily LT 5
$579.4K
$507.0K – $676.0K
NOI $40,561 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$459.9K
$402.4K – $536.5K
NOI $32,191 @ 7.0% cap · market cap 6.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Steam heat and a gas water heater serve this residential income property.
Where is this duplex located?
The property is located at 126 Earle Street Central Falls, RI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,436‑square‑foot duplex on a 0.1837‑acre parcel; Built in 1920; Room information lists six bedrooms and two bathrooms
