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    77 Fales St Central Falls, RI 02863

    Sponsored
    For Sale
    $895,000

    Prime RI Land: $895,000, 4,792 SF

    Property size:
    4,599 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity in Central Falls, Rhode Island, presents a compelling investment prospect. Located at 77 Fales Street, this 4,792 square foot lot features a three-story, 1900-built building encompassing 4,599 square feet. The property currently houses five rental units: four two-bedroom units and one four-bedroom unit, all situated on the first floor. Recent updates include a new roof, windows, vinyl siding, heating systems, and electrical work, ensuring the building is in excellent condition. Each unit benefits from off-street parking (one space per unit) and separate utilities. While current rents are below market value, the long-term, consistent tenancy provides a stable income stream with significant upside potential for future rent increases. Additional features include a coin-operated laundry facility and tenant storage in the basement, adding to the property's appeal and income generation. This turnkey property offers a rare blend of immediate income and long-term growth potential in a desirable location. The property is zoned for commercial use and presents a strong opportunity for investors seeking a stable, cash-flowing asset with room for appreciation. The address is 77 Fales Street, Central Falls, RI 02863. This is a truly exceptional opportunity in the thriving Providence County market.

    Property Features for 77 Fales St

    General Information

    Property type
    Land
    Square Feet
    4,599 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    HighLights

    • 4,792 SF lot with a 4,599 SF, three‑story building in Central Falls, RI.
    • Five rental units (four 2‑bedroom, one 4‑bedroom) generating stable income.
    • Recently renovated with new roof, windows, siding, heating, and electrical.
    • Offers off‑street parking (one space per unit), separate utilities, coin‑op laundry, and tenant storage.
    • Zoned commercial, presenting strong investment potential with upside for rent increases.
    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
    -71.389506
    Latitude
    41.8888759

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    FAQs

    What type of property is this?
    Land - Prime RI Land: $895,000, 4,792 SF
    Where is this land located?
    The property is located at 77 Fales St 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: 4,792 SF lot with a 4,599 SF, three-story building in Central Falls, RI.; Five rental units (four 2-bedroom, one 4-bedroom) generating stable income.; Recently renovated with new roof, windows, siding, heating, and electrical.
    Request Owner's contact information
    77 Fales 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
    77 Fales St Central Falls, RI 02863
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