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Active · 32 days on market
$699,995
16 Fales Street, Central Falls, RI 02863
7 bd · 3 ba · built 1938
Listing courtesy of Citylight Homes, Saul Sanchez
About this home
An exceptional opportunity to live, invest, and build equity in Central Falls!This impeccably cared-for three-family home offers the perfect setup for an owner-occupant looking to enjoy the benefits of homeownership while generating rental income from two additional units. The first-floor unit features three bedrooms, while the second and third floors each offer two bedrooms, providing spacious and versatile living arrangements. Each unit showcases the home's original double parlors, beautiful hardwood floors, and natural wood finishes, preserving its timeless character. The partially finished basement adds valuable flexibility and includes a full bathroom, along with separate washer and dryer hookups for each unit. Outside, enjoy a fenced-in backyard with a grassy area perfect for entertaining, relaxing, or creating your own outdoor retreat. A detached two-car garage plus ample off-street parking adds even more convenience. Conveniently situated in the heart of Central Falls, with easy access to restaurants, schools, public transportation, and major highways, this property combines location, space, and income potential. Live in one unit and let the other two help offset your housing expenses while you build equity—a compelling way to begin or expand your real estate investment journey. Well-maintained and ready for its next owner. The property is being sold as-is.
Property facts
- Property type
- Multi Family
- Year built
- 1938
- Lot size (acres)
- 0.103
- Total rooms
- 17
- Garage spaces
- 2
- Total parking
- 7
- Annual taxes
- $7,560
- Tax year
- 2026
- Neighborhood
- 40
- County
- Providence
Features
- Heating
- Natural Gas, Baseboard
- Cooling
- None
- Basement
- Full, Interior and Exterior, Partially Finished, Bathroom, Common, Laundry, Utility, Work Shop
- Appliances
- Gas Water Heater
- Interior
- Wall (Dry Wall), Attic
- Laundry
- Common Area, In Building
- Parking
- Detached
- Construction
- Dry Wall, Vinyl Siding
- Sewer
- Public
- Water
- Public
- Community
- Bus, Highway Access, Interstate, Restaurants, Schools, Shopping
Location
MLS# 1421571 · Source: State-Wide Multiple Listing Service, Inc. · Listing courtesy of Citylight Homes
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