Two-Unit Residential Income
14 Park Street Central Falls, RI 02863
14 Park Street, Central Falls, RI, 02863
$349,000
Pending
For Sale
$349,000
Pending
Two-family property with two separate units, plus a detached two-car garage and private driveway, sold as-is.
Property Size1,644 SF
Days on Market22
Property Features for 14 Park Street
General Information
- Standard status
- Pending
- Size
- 1,644 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Real Estate Center
(401) 823-7600
Listed by
Roxanne Beretta
Source
Lockandkeyre
Added: Jun 30 Updated: Jul 20 at 2:51AM Checked: Jul 21 at 3:30AM
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 RE/MAX Real Estate Center
Investment Insights
Based on property information with market context.
This two-family residential income property is being sold as-is, where-is, with all contents remaining and conveying with the premises. The home includes Unit 1 with 2 bedrooms and 1 full bath, and Unit 2 with 1 bedroom and 1 full bath. A detached two-car garage and private driveway are also included.
The property is described as conveniently located near highways, public transportation, shopping, and the new high school. Extensive clean-out and renovation are required, and the sale is for the condition as it exists.
Buyers are responsible for conducting all due diligence. The seller requests highest and best by Tuesday, July 7th at 5:00 PM.
The property is described as conveniently located near highways, public transportation, shopping, and the new high school. Extensive clean-out and renovation are required, and the sale is for the condition as it exists.
Buyers are responsible for conducting all due diligence. The seller requests highest and best by Tuesday, July 7th at 5:00 PM.
Key Highlights
- Two‑family property built in 1920, sold as‑is, where‑is, with all contents remaining and conveying with the sale
- Unit 1 includes 2 bedrooms and 1 full bath
- Unit 2 includes 1 bedroom and 1 full bath
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 | $41.8k | $25.44 |
| − Vacancy | −$2.7k | −$1.65 |
| EGI | $39.1k | $23.79 |
| − OpEx | −$11.7k | −$7.14 |
| NOI | $27.4k | $16.65 |
1,644 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.0K
$342.2K – $456.2K
NOI $27,373 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$310.4K
$271.6K – $362.1K
NOI $21,725 @ 7.0% cap · market cap 6.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property with two separate units, plus a detached two-car garage and private driveway, sold as-is.
Where is this duplex located?
The property is located at 14 Park Street Central Falls, RI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑family property built in 1920, sold as‑is, where‑is, with all contents remaining and conveying with the sale; Unit 1 includes 2 bedrooms and 1 full bath; Unit 2 includes 1 bedroom and 1 full bath
