New Everything. NOI over $110K+, Cap Rate over 11%, 5 Total Units, $11,225 gross monthly rent. (1) Single Family with 2BR/2BA across 850 +/- sq. ft. currently rented at $3000 per month. (1) 4-Unit building. Unit 1 is a 3BR/1BA across 1,140 +/- sq. ft. and is vacant [MARKET $2,800 p/month]. Unit 2 is the same layout, occupied [$2,500 p/month]. The third floor is split into (2) 1BR/1BA units, both currently occupied [3L: $1,375 p/month, 3R: $1,550 p/month]. Don't let this opportunity slip. Brand new: plumbing, electrical, insulated windows, roof* siding, 3 navien tankless heat/hot water, flooring, kitchens, bathrooms, smoke detectors, light and plumbing fixtures. *Back house has brand new roof (archetectural shingles), 4-unit has flat, rubber roof in great condition. Maintenance free investment is a great addition to your portfolio in a growing market. Inquire about transferable property management available at discounted rate.
Sold for $840,000
$840,000
116 Foundry St, Central Falls, RI 02863
10beds
4,130sqft
Multi Family
Built in 1900
-- sqft lot
$846,300 Zestimate®
$203/sqft
$1,996 Estimated rent
Home value
$846,300
$745,000 - $956,000
$1,996/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: February 11, 2026 at 01:00pm
Listed by:
The WP Group 401-281-8491,
Smith and Oak Real Estate Co.
Bought with:
Carlas Ovalle, RES.0047446
REALPRO by The Water
Source: StateWide MLS RI,MLS#: 1389308
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Natural Gas, Gas Connected
Cooling
- None
Appliances
- Included: Gas Water Heater, Tankless Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: In Building
Features
- Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Vinyl
- Basement: Full,Interior Entry,Unfinished,Laundry
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 5,410
- Total interior livable area: 4,130 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 5,000 sqft
- Features: Sidewalks
Details
- Parcel number: CENTM05P347
- Zoning: R-3
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Municipal, Public
- Utilities for property: Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
Location
- Region: Central Falls
HOA & financial
Other financial information
- Total actual rent: 11225
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Sold | $840,000-6.6%$203/sqft |
Source:  StateWide MLS RI #1389308 Report a problem | ||
| 12/1/2025 | Pending sale | $899,000$218/sqft |
Source: StateWide MLS RI #1389308 Report a problem | ||
| 10/28/2025 | Price change | $899,000-5.3%$218/sqft |
Source: StateWide MLS RI #1389308 Report a problem | ||
| 9/18/2025 | Price change | $949,000-5.1%$230/sqft |
Source: StateWide MLS RI #1389308 Report a problem | ||
| 7/7/2025 | Listed for sale | $999,990+5.3%$242/sqft |
Source: StateWide MLS RI #1389308 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,037 -9.4% | $608,400 +29% |
| 2024 | $8,875 +43% | $471,800 +32.7% |
| 2023 | $6,207 | $355,500 |
Find assessor info on the county website
Neighborhood: 02863
Nearby schools
GreatSchools rating
- 4/10Veterans Memorial Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Calcutt Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Central Falls Sr High SchoolGrades: 9-12Distance: 0.2 mi
Get a cash offer in 3 minutes
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Estimated market value
$846,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$846,300
- Rhode Island
- Providence County
- Central Falls
- 02863
- 116 Foundry St