Townhouse-Style Multifamily
7 notre dame Street Central Falls, RI 02863
For Sale
$589,900
Pending
MULTI_FAMILY - Central Falls, RI
Property Size1,984 SF
Lot Size0.11 Acres
Days on Market48
Property Features for 7 notre dame Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Parking
3
Parking features
None
Interior features
Wall (Plaster), Plumbing (Mixed)
Basement
Unfinished, Full
Appliances
Gas Water Heater
Standard status
Pending
Size
1,984 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3597
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s)
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Plaster, Vinyl Siding
Listing Agency:
Re/Max Preferred
(401) 353-2200
Listed By:
The Mercurio Group
(401) 699-6666
Added: Jun 13
Changed: Jul 28
Last Checked: Jul 30 at 8:06AM
MLS# 1415130
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained multifamily property features spacious, townhouse-style units with two bedrooms and one full bathroom each. Hardwood flooring runs throughout the units, and each residence is separately metered with gas heat and utilities for convenient, independent operation. The property also includes full unfinished basements, providing additional storage space. Outside, attractive landscaping contributes to curb appeal, and a large yard offers outdoor space for everyday use.
Located on Notre Dame Avenue in Central Falls, the property is positioned near shopping, restaurants, schools, and major commuter routes, supporting practical day-to-day accessibility.
The unit layout and separate metering make this property straightforward for tenants and operators seeking efficient, self-contained living arrangements. The combination of move-in-ready interiors, dedicated basements for storage, and ample parking further supports a functional tenant experience. Please note the sale is subject to the seller finding suitable housing.
Located on Notre Dame Avenue in Central Falls, the property is positioned near shopping, restaurants, schools, and major commuter routes, supporting practical day-to-day accessibility.
The unit layout and separate metering make this property straightforward for tenants and operators seeking efficient, self-contained living arrangements. The combination of move-in-ready interiors, dedicated basements for storage, and ample parking further supports a functional tenant experience. Please note the sale is subject to the seller finding suitable housing.
Key Highlights
- Townhouse‑style multifamily property built in 1986 with spacious, two‑bedroom units and 1 full bath per unit
- Hardwood floors throughout units with ceramic tile flooring in bathrooms
- Each unit is separately metered with gas heat and gas water heater
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $25.44 |
| − Vacancy | −$3.3k | −$1.65 |
| EGI | $47.2k | $23.79 |
| − OpEx | −$14.2k | −$7.14 |
| NOI | $33.0k | $16.65 |
1,984 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.9K
$412.9K – $550.6K
NOI $33,035 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 4.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained multifamily with spacious two-bedroom townhouse layouts, hardwood floors, separate utilities, basements, and ample parking.
Where is this duplex located?
The property is located at 7 notre dame Street Central Falls, RI.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Townhouse‑style multifamily property built in 1986 with spacious, two‑bedroom units and 1 full bath per unit; Hardwood floors throughout units with ceramic tile flooring in bathrooms; Each unit is separately metered with gas heat and gas water heater
