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Three-Unit Triplex Property
For Sale
$500,000

218 Central Street Central, Central Falls, RI 02863

Residential income property with off-street parking, gas heating, and convenient access to shops, schools, and public transportation.

Property SizeContact for details
Days on Market234

Property Features for 218 Central Street Central

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Public Transit Yes
Multifamily Units 3

Amenities

Baseboard
Gas
Gas Water Heater
Sewer Connected

Building Details

Year Built 1900
Stories 3
Listing Agency: RE/MAX River's Edge - Bristol
Listed By: Debra Jobin · License #RES.0030277
Source: Kw
Added: Jan 10 Changed: Aug 31 Last Checked: Aug 31 at 9:12AM

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 River's Edge - Bristol

Investment Insights

Based on property information with market context.

This three-unit residential property was built in 1900 and is being offered in its existing condition. Each unit is equipped with gas heat, baseboard heating, and a gas water heater. The property also has connected sewer service and off-street parking, with street parking often available nearby.

Situated in Central Falls, the property is close to shops, schools, and public transportation. The sale is subject to probate and is being conducted as-is.

Key Highlights

  • 3‑unit multifamily property
  • Built in 1900
  • Gas heat with baseboard heating in each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Plumbing Service Locksmith Carpet & Flooring Store Veterinary Clinic

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

1,533
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
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Frequently Asked Questions

What type of property is this?
Triplex - Residential income property with off-street parking, gas heating, and convenient access to shops, schools, and public transportation.
Where is this triplex located?
The property is located at 218 Central Street Central Central Falls, RI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3‑unit multifamily property; Built in 1900; Gas heat with baseboard heating in each unit
More about this property
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