3-Unit Triplex with
New
For Sale
$625,000
Central Falls, RI 02863, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size2,666 SF
Lot Size0.09 Acres
Price / SF$234.43
Days on Market5
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 3, Bedroom 6
Parking
7
Window features
Storm Window(s)
Interior features
Wall (Dry Wall), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
Basement
Storage Space, Unfinished, Full
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
2,666 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5618
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Amenities
yard
garage
off-street parking
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile - Ceramic
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: Oct 21
Changed: Oct 25
Last Checked: Oct 25 at 11:06AM
MLS# 1426475
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Central Falls triplex contains three residential units within 2,666 square feet. Built in 1900, the property occupies a 0.093-acre lot and includes a garage, off-street parking, and yard space. Interior finishes include hardwood and ceramic tile flooring, with both drywall and plaster walls. The building has vinyl siding, natural gas baseboard heat, and public sewer service.
Ovens, ranges, refrigerators, and gas water heaters are among the listed appliances. The property is in Central Falls, with shops, restaurants, schools, and public transportation identified among the nearby area amenities.
Ovens, ranges, refrigerators, and gas water heaters are among the listed appliances. The property is in Central Falls, with shops, restaurants, schools, and public transportation identified among the nearby area amenities.
Key Highlights
- Three residential units in 2,666 square feet
- 0.093‑acre lot with yard
- Garage and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,390
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,800
$887.8K
Cap Rate 7%
$634,143
$634.1K
Cap Rate 9%
$493,222
$493.2K
Market Conditions
NOI Build-Up for 2,666 SF
Gross rent
$67.8K $25.44/SF
− Vacancy
−$4.4K −$1.65/SF
EGI
$63.4K $23.79/SF
− OpEx
−$19.0K −$7.14/SF
NOI
$44.4K $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%
$887,800
Cap Rate 7%
$634,143
Cap Rate 9%
$493,222
Alternative Uses
Best Use
Multifamily LT 5
$634.1K
$554.9K – $739.8K
NOI $44,390 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$503.3K
$440.4K – $587.2K
NOI $35,230 @ 7.0% cap · market cap 5.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are complemented by off-street parking and a yard.
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 $625,000.
What are key features of this property?
This property features: Three residential units in 2,666 square feet; 0.093‑acre lot with yard; Garage and off‑street parking
