Triplexes in Multifamily
For Sale
$675,000
Central Falls, RI 02863, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size2,768 SF
Lot Size0.12 Acres
Price / SF$243.86
Days on Market49
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 7, Basement, Bedroom 1, Bedroom 5, Bedroom 2
Parking
6
Parking features
None
Window features
Storm Window(s)
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Basement
Storage Space, Full, Unfinished
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Lot features
Fenced, Paved Driveway, Sidewalks
Standard status
Active
Size
2,768 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6295
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Re/Max One · RE/MAX International
(401) 943-6111
Listed By:
Marko Harrington
(401) 641-1663
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 13 at 6:06PM
MLS# 1421545
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 multifamily package includes three buildings totaling eight units: a two-family property in Pawtucket and two three-family properties in Central Falls. The buildings are offered together as a single portfolio.
Key Highlights
- Three‑building package with 8 units total
- Includes one 2‑family property in Pawtucket
- Includes two 3‑family properties in Central Falls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,089
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,780
$921.8K
Cap Rate 7%
$658,414
$658.4K
Cap Rate 9%
$512,100
$512.1K
Market Conditions
NOI Build-Up for 2,768 SF
Gross rent
$70.4K $25.44/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$65.8K $23.79/SF
− OpEx
−$19.8K −$7.14/SF
NOI
$46.1K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,780
Cap Rate 7%
$658,414
Cap Rate 9%
$512,100
Alternative Uses
Best Use
Multifamily LT 5
$658.4K
$576.1K – $768.2K
NOI $46,089 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$522.5K
$457.2K – $609.6K
NOI $36,578 @ 7.0% cap · market cap 5.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - The three-building package combines two Central Falls properties with one in Pawtucket.
Where is this triplex located?
The property is located at Central Falls, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three‑building package with 8 units total; Includes one 2‑family property in Pawtucket; Includes two 3‑family properties in Central Falls
