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    116 Foundry St Central Falls, RI 02863

    Sponsored
    For Sale
    $950,000

    5-Unit Multi-Family, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Central Falls, Rhode Island property presents a unique investment opportunity. Situated on a 5,000 square foot lot at 116 Foundry Street, this mixed-use property boasts two buildings: a four-unit multi-family home and a separate single-family residence. The multi-family building comprises four completely renovated apartments, each featuring modern amenities including stylish vinyl flooring, sleek white cabinetry, and contemporary stainless-steel appliances. These units offer a total of eight bedrooms and four full bathrooms. The single-family home, also fully renovated, includes two spacious bedrooms and two modern bathrooms, complemented by a brand-new roof. Three new Navien systems provide energy-efficient heating and hot water across the property. Conveniently located near Highway 95, this property offers easy access to commuting routes, the new train station, downtown Providence (10 minutes away), and Boston (40 minutes away). Built in 1900, this property is ideal for both owner-occupants seeking rental income and investors looking for a strong return. The asking price is $950,000. This is a rare opportunity to acquire a well-maintained, high-yield property in a desirable location. The property's combination of renovated units and convenient location makes it an attractive investment prospect with significant potential for future growth.

    Property Features for 116 Foundry St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1900
    Buildings
    2
    Units
    5

    HighLights

    • $950,000 asking price.
    • 5‑unit multi‑family property on a 5,000 sq ft lot.
    • Two buildings on the property.
    • Located at 116 Foundry Street, Central Falls, RI 02863.
    • Built in 1900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Central Falls
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3886287
    Latitude
    41.889379

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    FAQs

    What type of property is this?
    Land - 5-Unit Multi-Family, Prime Location
    Where is this land located?
    The property is located at 116 Foundry St Central Falls, RI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; 5-unit multi-family property on a 5,000 sq ft lot.; Two buildings on the property.
    Request Owner's contact information
    116 Foundry St Central Falls, RI 02863
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    Central Falls, RI 02863
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Foundry St Central Falls, RI 02863
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