Discover the exceptional investment opportunity at 37 Fletcher St, Central Falls, RI! This magnificent 3-family property spans a generous 3,700 sqft, offering a remarkable combination of space, comfort, and potential. Each unit is uniquely designed to maximize living experience and income potential. The first floor is a standout with its spacious 4-bedroom layout, perfect for a growing family or to attract high-quality tenants. The other two units, each with 3 cozy bedrooms, are equally impressive and ensure a steady income stream. Conveniently located only 1 minute from I-95 and the Pawtucket/Central Falls Line Commuter Rail to South Station in Boston, you'll have easy access to the area's best shopping, dining, and entertainment options. And with public transportation nearby, you'll be able to get anywhere you need to go without hassle. But that's not all! Currently, the rents are modest, presenting a golden opportunity to enhance returns by adjusting them to reflect the true market value. This property is not just a home; it's a smart investment. This hidden gem, nestled in the heart of Central Falls, promises both immediate returns and long-term growth. Don't miss out on this rare chance to own a piece of Central Falls' charm! Subject to a 1031 Exchange.
Sold for $540,000
$540,000
37 Fletcher St, Central Falls, RI 02863
10beds
3,791sqft
Multi Family
Built in 1900
-- sqft lot
$695,800 Zestimate®
$142/sqft
$2,005 Estimated rent
Home value
$695,800
$654,000 - $738,000
$2,005/mo
Zestimate® history
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$2,005/mo
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$3,317/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: April 03, 2024 at 05:56pm
Listed by:
Alexander Parmenidez 401-425-6957,
Coldwell Banker Realty
Bought with:
Alexander Parmenidez, RES.0040375
Coldwell Banker Realty
Source: StateWide MLS RI,MLS#: 1351339
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Tub
Heating
- Natural Gas, Forced Water
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Oven/Range, Refrigerator
- Laundry: Off Site
Features
- Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Ceramic Tile, Laminate, Carpet
- Basement: Full,Interior and Exterior,Unfinished,Common,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,782
- Total interior livable area: 3,791 sqft
Property
Parking
- Total spaces: 5
- Parking features: Detached, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
- Fencing: Fenced
Lot
- Size: 5,000 sqft
- Features: Paved, Sidewalks
Details
- Parcel number: CENTM05P332
- 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, Plaster, Vinyl Siding
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Utilities for property: Sewer Connected, 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
- Subdivision: High School
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2024 | Sold | $540,000-1.8%$142/sqft |
Source:  StateWide MLS RI #1351339 Report a problem | ||
| 2/7/2024 | Contingent | $550,000$145/sqft |
Source: StateWide MLS RI #1351339 Report a problem | ||
| 1/31/2024 | Listed for sale | $550,000+307.4%$145/sqft |
Source: StateWide MLS RI #1351339 Report a problem | ||
| 3/8/2010 | Sold | $135,000-15.6%$36/sqft |
Source: Public Record Report a problem | ||
| 2/18/2010 | Listed for sale | $159,900-5.9%$42/sqft |
Source: Storm Realty,LLC #950012 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,123 +5.8% | $539,200 +50.6% |
| 2024 | $6,734 +78.2% | $358,000 +65.4% |
| 2023 | $3,778 | $216,400 |
Find assessor info on the county website
Neighborhood: 02863
Nearby schools
GreatSchools rating
- 4/10Veterans Memorial Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Calcutt Middle SchoolGrades: 6-8Distance: 0.1 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
$695,800
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
$695,800
- Rhode Island
- Providence County
- Central Falls
- 02863
- 37 Fletcher St