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Renovated 6-Unit Apartment Building
For Sale
$895,000

50 Garfield Street Central, Central Falls, RI 02863

Renovated apartments include stainless-steel kitchens, updated flooring and baths, plus building-wide fire and security systems.

Property SizeContact for details
Days on Market108

Property Features for 50 Garfield Street Central

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%
Net Operating Income $103,740

Additional Details

Highway Access Yes

Amenities

fire alarm system
security camera system
Security System
Baseboard
Electric
Gas
Hot Water
Electric Water Heater
Gas Water Heater
Oven
Range
Refrigerator
Water Heater
Sewer Available, Sewer Connected

Building Details

Year Built 1900
Stories 3
Tenancy Multi
Listing Agency: Pyramid Realty Inc
Listed By: Martha Habib
Source: Kw
Added: May 21 Changed: Sep 5 Last Checked: Sep 4 at 6:01PM

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 Pyramid Realty Inc

Investment Insights

Based on property information with market context.

Built in 1900, this apartment property contains six renovated units configured with two bedrooms and one bathroom each. Unit interiors feature stainless-steel kitchens, flooring improvements, and renovated bathrooms. Building upgrades include exterior siding, soffits, gutters, plumbing, a fire alarm, and an integrated security camera system.

All units are currently rented on month-to-month leases. The property is located at 50 Garfield Street in Central Falls, Rhode Island, near the Lincoln Line, interstate highways, a train station, and several conveniences. Sewer service is available and connected.

Key Highlights

  • Six renovated apartment units with two‑bedroom, one‑bath layouts
  • Stainless‑steel kitchens, improved flooring, and renovated bathrooms
  • Exterior siding, soffits, gutters, and plumbing improvements

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Carpet & Flooring Store Parking Lot & Garage Acupuncture

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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

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

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?
Apartment building - Renovated apartments include stainless-steel kitchens, updated flooring and baths, plus building-wide fire and security systems.
Where is this apartment building located?
The property is located at 50 Garfield Street Central Central Falls, RI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Six renovated apartment units with two‑bedroom, one‑bath layouts; Stainless‑steel kitchens, improved flooring, and renovated bathrooms; Exterior siding, soffits, gutters, and plumbing improvements
More about this property
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