1. Rhode Island
  2. Central Falls
  3. 116 Foundry Street
$999,990

116 Foundry Street, Central Falls, RI 02863

  • 10 beds |
  • 6 baths |
  • 5,410 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,001sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $185/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

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.

Listing Status:
Active
Date Added:
July 7, 2025 at 05:00AM
Listing Office:
Smith and Oak Real Estate Co. : 401-464-2617
MLS ID:
1389308
  • General: Stall ShowerTub Shower
  • Appliances: DryerDishwasherGas Water HeaterMicrowaveOvenRangeRefrigeratorTankless Water HeaterWasher
  • Laundry: Common Area
  • Basement: FullInterior EntryUnfinished
  • Flooring: Vinyl
  • A/C: None
  • Heating: Gas
  • Fireplace: Fireplaces: 0

This listing courtesy of Smith and Oak Real Estate Co.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Calcutt Middle School

112 Washington St, Central Falls, RI, 02863

Grades 5-8

0.17 miles away

C

Calcutt Middle School

112 Washington St, Central Falls, RI, 02863

Grades 5-8

0.17 miles away

C

Central Falls Sr High School

24 Summer St, Central Falls, RI, 02863

Grades 9-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.