3-Unit Triplex with
New
For Sale
$625,000
Central Falls, RI 02863, Central Falls, RI 02863
Residential Income, Central Falls, RI
Property Size2,768 SF
Lot Size0.12 Acres
Price / SF$225.79
Days on Market6
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6, Basement
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
Unfinished, Full, Storage Space
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
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 24
Last Checked: Oct 26 at 7:06AM
MLS# 1426471
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.
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Investment Insights
Based on property information with market context.
This triplex contains three residential units with a combined 2,768 square feet. The property includes seven bedrooms, three bathrooms, a porch, and a basement. Hardwood and ceramic tile flooring are present, with natural gas baseboard heat and a public sewer connection. The building dates to 1900 and occupies a 0.1177-acre lot.
The property is in Central Falls, near local shops, restaurants, schools, and public transportation.
The property is in Central Falls, near local shops, restaurants, schools, and public transportation.
Key Highlights
- Three‑unit residential property with 2,768 square feet
- Seven bedrooms and three bathrooms
- 0.1177‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,089
Cap Rate
7.37%
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 7.37%
Second Best
Apartment 5plus
$522.5K
$457.2K – $609.6K
NOI $36,578 @ 7.0% cap · market cap 5.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Seven bedrooms and three bathrooms are arranged across the residential units.
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‑unit residential property with 2,768 square feet; Seven bedrooms and three bathrooms; 0.1177‑acre lot
