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Three-Unit Multifamily Property
For Sale
Contact for pricing
Pending

48 Hendricks St, Central Falls, RI 02863

Three-story residential income property with separate utilities and off-street parking.

Property SizeContact for details
Days on Market142

Property Features for 48 Hendricks St

General Information

Standard status Pending
Total Parking Spaces 5
Property subtype Multifamily

Additional Details

Multifamily Units 3

Building Details

Stories 3
Listing Agency: Custodio Realtors
Listed By: Ziggy Stevens · License #RI
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 9:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Custodio Realtors

Investment Insights

Based on property information with market context.

This three-unit multifamily property includes one three-bedroom residence on each of its three floors. Each unit is separately served by utilities, supporting distinct household occupancy and straightforward service allocation. The property also provides five off-street parking spaces.

Located off Lonsdale Avenue in Central Falls, the asset is positioned for residential income use. Existing tenants are related to the seller, and current rents are below market value. The property is offered as a three-family home with a unit configuration consistent across all floors.

Key Highlights

  • Three three‑bedroom units arranged across three floors
  • Five off‑street parking spaces
  • Separate utilities for each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Carpet & Flooring Store Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

747
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-story residential income property with separate utilities and off-street parking.
Where is this triplex located?
The property is located at 48 Hendricks St Central Falls, RI.
What are key features of this property?
This property features: Three three‑bedroom units arranged across three floors; Five off‑street parking spaces; Separate utilities for each unit
(401) 722-5334 Call to check price and availability
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