Renovated 30-Unit Apartment
For Sale
$6,200,000
387 Broad Street, Central Falls, RI 02863
Recent interior updates span studio, one-bedroom, and two-bedroom layouts.
Property SizeContact for details
Days on Market53
Property Features for 387 Broad Street
General Information
Standard status
Active
Total Parking Spaces
30
Taxes and HOA fees
Annual Taxes
$27,790
Building Details
Year Built
1900
Buildings
1
Listing Agency:
(857) 260-9506
Listed By:
Marisela Vasquez
(857) 260-9506
Source:
Mydreamhomerealty.idxbroker
Added: Jul 9
Changed: Aug 28
Last Checked: Aug 30 at 1:03PM
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 Marisela Vasquez
Investment Insights
Based on property information with market context.
Located at 387 Broad Street, this 30-unit apartment building was originally built in 1900 and has undergone a full renovation. The unit mix includes 22 studio apartments, 4 one-bedroom apartments, and 4 two-bedroom apartments, with updated interiors and layouts across the property.
The building sits along Broad Street in Central Falls, near local shops, restaurants, schools, healthcare, and everyday services. Downtown Central Falls and Pawtucket dining, arts, and entertainment destinations are nearby, while the Pawtucket/Central Falls Transit Center provides commuter rail access to Boston. Interstate 95, Dexter Street, and Lonsdale Avenue are also readily accessible, with Slater Memorial Park and Downtown Providence in the surrounding area.
The building sits along Broad Street in Central Falls, near local shops, restaurants, schools, healthcare, and everyday services. Downtown Central Falls and Pawtucket dining, arts, and entertainment destinations are nearby, while the Pawtucket/Central Falls Transit Center provides commuter rail access to Boston. Interstate 95, Dexter Street, and Lonsdale Avenue are also readily accessible, with Slater Memorial Park and Downtown Providence in the surrounding area.
Key Highlights
- 30‑unit apartment building originally constructed in 1900
- Full renovation with updated interiors
- Unit mix includes 22 studios, 4 one‑bedroom units, and 4 two‑bedroom units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Recent interior updates span studio, one-bedroom, and two-bedroom layouts.
Where is this apartment building located?
The property is located at 387 Broad Street Central Falls, RI.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 30‑unit apartment building originally constructed in 1900; Full renovation with updated interiors; Unit mix includes 22 studios, 4 one‑bedroom units, and 4 two‑bedroom units
