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$899,000
122 Days On Site

116 Foundry Street
Central Falls, RI 02863

For Sale|Multi Family|Active
10
Beds
6
Total Baths
6
Full Baths
5,410
SqFt
$166
/SqFt
1900
Built
County:
Providence

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(401) 447-8040
116 Foundry Street116 Foundry Street116 Foundry Street116 Foundry Street
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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.

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Listing Snapshot
Price 
$899,000
Days On Site 
122 Days
Bedrooms 
10
Inside Area (SqFt) 
5,410 sqft
Total Baths 
6
Full Baths 
6
Partial Baths 
N/A
Lot Size 
0.1148 Acres
Year Built 
1900
MLS® Number 
1389308
Status 
Active
Property Tax 
$8,036
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
a week agoPrice changed to $899,000
a week agoListing updated with changes from the MLS®
4 months agoListing first seen on site
General Features
Acres 
0.1148
Foundation 
Brick/Mortar
Land Lease 
No
Number Of Stories 
3
Parking 
No Garage
Parking Spaces 
6
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
5410
SqFt Total 
5410
Utilities 
Water Connected
Water Source 
Public
Zoning 
R-3
Interior Features
Appliances 
DryerDishwasherGas Water HeaterMicrowaveOvenRangeRefrigeratorTankless Water HeaterWasher
Basement 
FullInterior EntryUnfinished
Electric 
Circuit Breakers
Fireplace Features 
None
Flooring 
Vinyl
Heating 
Natural Gas
Laundry Features 
Laundry RoomCommon Area
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Exterior Features
Construction Details 
Vinyl Siding
Community Features
Community Features 
RestaurantSidewalks
Listing courtesy of The WP Group of Smith and Oak Real Estate Co. 4012818491



Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-11-07 02:43 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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