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6-Unit Multifamily Property

211 Illinois Street, Central Falls, RI 02863

For Sale
New
$869,000

Two separate residential buildings on one lot offer a mix of three- and two-bedroom apartments.

Property SizeContact for details
Days on Market5

Property Features for 211 Illinois Street

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 3 x 3BR/1BA, 3 x 2BR/1BA
Multifamily Units 6

Building Details

Year Built 1914
Buildings 2
Listing Agency: Keller Williams South Watuppa
Listed By: Nina Coulombe · License RI RES.0049424
Source: Lockandkeyre
Added: Nov 9 Changed: Nov 12 Last Checked: Nov 12 at 2:12PM

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 Keller Williams South Watuppa

Rey
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Investment Insights

Based on property information with market context.

This multifamily property at 211 Illinois Street comprises two buildings on a single lot. The front building contains three apartments, each with three bedrooms, one full bathroom, and double parlors. The rear building adds three apartments, each with two bedrooms and one full bathroom. The property was built in 1914.

Key Highlights

  • Six apartments across two separate buildings
  • Front building has three 3‑bedroom apartments, each with 1 full bathroom and double parlors
  • Rear building has three 2‑bedroom apartments, each with 1 full bathroom

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,184
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Central Falls, RI

$195 Jul
$205 Aug
$223 Sep
$223 Oct

Properties on Market for Multifamily properties in Central Falls

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two separate residential buildings on one lot offer a mix of three- and two-bedroom apartments.
Where is this multifamily property located?
The property is located at 211 Illinois Street Central Falls, RI.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Six apartments across two separate buildings; Front building has three 3‑bedroom apartments, each with 1 full bathroom and double parlors; Rear building has three 2‑bedroom apartments, each with 1 full bathroom
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