116 Foundry Street
Central Falls, RI 02863
Map
- 10 beds
- 6 baths
- 5,410 sqft
- 5,000 sqft lot
- $184 per sqft
- 1900 build
New Everything. NOI over $100K+, Cap Rate over 10%, 5 Total Units, $10,825 gross monthly rent. (1) Single Family with 2BR/2BA across 850 +/- sq. ft. currently rented as an AirBnb [after expenses, this unit nets $2,600 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.
Last checked:
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Last updated Jul 8, 2025
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MLS# 1389308 —
The Building
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Year Built:1900
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New Construction:false
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Building Area Total:5410.0
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Construction Materials:Drywall,VinylSiding
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Structure Type:Apartment
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Foundation Details:BrickMortar
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Stories Total:3
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Basement:Full,InteriorEntry,Unfinished
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Basement:true
Interior
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Interior Features:StallShower,TubShower
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Flooring:Vinyl
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Fireplace:false
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Fireplace Features:None
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Laundry Features:CommonArea
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.889309
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Longitude:-71.388601
The Property
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.1148
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Lot Size Area:5000.0
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Lot Size Square Feet:5000.0
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Lot Size Units:SquareFeet
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Parcel Number:116FOUNDRYSTCFLS
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Zoning:R-3
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 281-8491
- Office phone:
- (401) 464-2617
Taxes
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Tax Year:2025
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Tax Annual Amount:8036.0
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Tax Assessed Value:608400
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Tax Lot:347
Beds
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Bedrooms Total:10
Baths
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Total Baths:6
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Full Baths:6
Heating & Cooling
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Heating:Gas
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Electric:CircuitBreakers
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Sewer:PublicSewer
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Water Source:Connected,Public
Appliances
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Appliances:Dryer,Dishwasher,GasWaterHeater,Microwave,Oven,Range,Refrigerator,TanklessWaterHeater,Washer
The Community
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Senior Community:false
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Community Features:HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,Sidewalks
Parking
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Parking Total:6.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/7/25
Jul 7, 2025
|
Listed / Active | RIMLS | $999,990 |
