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3-Unit Multifamily Property
For Sale
$645,000

35 Rand Street Central, Central Falls, RI 02863

The residential layout includes a multi-level townhouse and a separate basement apartment.

Property SizeContact for details
Days on Market204

Property Features for 35 Rand Street Central

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Public Transit Yes
Multifamily Units 3

Amenities

Baseboard
Gas
Hot Water
Gas Water Heater
Oven
Range
Refrigerator
Sewer Connected

Building Details

Year Built 1900
Stories 3
Listing Agency: RE/MAX Professionals
Listed By: Nelson Esteves · License #RES.0029681
Source: Kw
Added: Mar 13 Changed: Oct 1 Last Checked: Oct 1 at 9:05AM

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 Professionals

Investment Insights

Based on property information with market context.

This three-family property has a townhouse spanning the second and third floors, a first-floor unit, and a third unit in the basement. The townhouse contains seven bedrooms, while the basement apartment has two bedrooms and electric heat. Navien heating systems have been updated in the other units, and a zoning certificate is available for the basement unit.

Solar panels serve the first-floor unit under a lease with 9 years remaining. The property also has on-site parking and is near a train station, shopping, and schools.

Key Highlights

  • Three residential units, including a townhouse across the second and third floors
  • Seven‑bedroom townhouse and a two‑bedroom basement apartment
  • Basement unit has electric heat; zoning certificate available

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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

1,453
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - The residential layout includes a multi-level townhouse and a separate basement apartment.
Where is this triplex located?
The property is located at 35 Rand Street Central Central Falls, RI.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Three residential units, including a townhouse across the second and third floors; Seven‑bedroom townhouse and a two‑bedroom basement apartment; Basement unit has electric heat; zoning certificate available
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