7 notre dame Street, Central Falls, RI 02863
MULTI_FAMILY - Central Falls, RI
- Added:
- Jun 13, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 15 at 12:06 am
Property Features for 7 notre dame Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Basement, Bedroom 3, Bedroom 1
- Parking
- 3
- Parking features
- Garage
- Interior features
- Wall (Plaster), Plumbing (Mixed)
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 1,984 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3597
Utilities
- Heating system
- Natural Gas, Baseboard
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Plaster, Vinyl Siding
Listing agent The Mercurio Group (401) 353-2200
Listing office Re/Max Preferred 1417 Douglas Avenue, North Providence, RI (401) 353-2200
Listing date Jun 13, 2026
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.
HighLights
- 1986‑built multifamily with townhouse‑style units
- Each unit has 2 bedrooms and 1 full bathroom with hardwood flooring
- Units are separately metered with gas heat and utilities
- Natural gas baseboard heating with wall unit cooling
- Hardwood and ceramic tile flooring; plaster and vinyl siding construction
- Includes a garage and full unfinished basements for storage
Overview
Located on Notre Dame Avenue in Central Falls, Rhode Island, the property is presented in impeccable condition and shows pride of ownership. Exterior improvements include attractive landscaping and a large yard, supporting everyday outdoor use and curb appeal. Ample parking is available on site, improving convenience for residents and visitors. The listing notes proximity to shopping, restaurants, schools, and major commuter routes.
For tenants or owner-operators, the layout supports comfortable two-bedroom living with in-unit style elements like hardwood flooring. Separate metering and gas heat can simplify account management, while the full unfinished basements add practical storage value. With a move-in ready presentation and parking-focused convenience, the property is positioned as a solid fit for buyers seeking a well-kept residential income asset in Central Falls.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.392453
- Latitude
- 41.89635
