129 Liberty Street, Central Falls, RI 02863
MULTI_FAMILY - Central Falls, RI
- Added:
- Jun 15, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 17 at 5:06 am
Property Features for 129 Liberty Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2
- Parking
- 4
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Attic Storage, Insulation (Floors), Insulation (Walls)
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,068 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3860
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Dry Wall, Masonry, Other Siding
- Additional Structures
- Storage
Listing agent The Realpro Group (401) 432-4223
Listing office Realpro By The Water 2202 Broad Street, Cranston, RI (401) 600-4100
Listing date Jun 15, 2026
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.
HighLights
- Side‑by‑side two‑family home formerly two condominiums, now combined into one multifamily property
- Each unit features 2 bedrooms and 2 full bathrooms with tall ceilings and generous natural light
- Built in 2007
- Interior features include hardwood flooring, drywall, attic storage, and insulation in floors and walls
- Heating includes natural gas forced air; electric water heater
- Appliances include refrigerator, oven/range, dishwasher, microwave, washer, and dryer; garage parking plus 4 dedicated off‑street spots
Overview
Located in Central Falls, Rhode Island (Providence County), the property sits on an approximately 0.1148-acre lot and includes four dedicated off-street parking spots, a useful convenience for day-to-day access. The duplex is offered under R2 zoning.
For buyers seeking flexibility, this duplex supports an owner-occupant scenario where one unit can be lived in while the other is occupied separately. It also suits investors looking to acquire a two-unit asset with a consistent unit mix. With its combined configuration and off-street parking, the property offers a straightforward, functional multifamily option in Central Falls.
Local Financial Insights For Multifamily LT 5
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 | $52.6k | $25.44 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $49.2k | $23.79 |
| − OpEx | −$14.8k | −$7.14 |
| NOI | $34.4k | $16.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.401904
- Latitude
- 41.89237
