Recently Listed Open House 8/29 11:30am - 1:15pm
16 Fales Street
Central Falls, RI, 02863 $ 699,995
Bedrooms7 Baths3.0 Sq 3,924 Monthly Estimate*
$ 4,420
for $699,995 with 7 bedrooms and 3 full baths. This 3,924 square foot home was built in 1938 on a lot size of 0.1033.
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.
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Open House
8/29/2026 11:30 AM - 1:15 PM
16 Fales Street Central Falls, RI
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Public Sewer
Heating Baseboard Gas
Cooling None
Garage Spaces 2
Construction Materials Drywall Vinyl Siding
Year Built 1938
Electric 100 Amp Service
Property Subtype Multi Family
Tax Year 2026
Community Features Highway Access Near Schools Public Transportation Restaurant Shopping
County Providence
Operating Expense 0
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name 40
Garage Y/N true
Total Rooms 17
Full Baths 3
Status Active
City Central Falls
Senior Community Y/N false
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 4500
Land Lease Y/N false
Tax Annual Amount 7560
Standard Status Active
Tax Assessed Value 572300
Tax Lot 2
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InteriorInterior Amenities Attic Bathtub Tub Shower
Basement Exterior Entry Full Interior Entry Partially Finished
Flooring Ceramic Tile Hardwood
Total Fireplaces 0
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Common Area
Total Bedrooms 7
Total Baths 3
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ExteriorParking Features Detached Garage
Water Source Public
Total Parking 7
Inclusions Information deemed reliable; however not guaranteed or independently verified. Interested parties are encouraged to conduct their own due diligence verification and research and to rely solely on the results. Neither the seller nor the listing agent makes any representations as to the accuracy of the information herein.
Lot Size Area 4500
Number of Buildings 1
Building Area Total 3924
Lot Size Acres 0.1033
Frontage Length 45
Covered Spaces 2
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* Excluded FeaturesList Bysaul@citylighthomes.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,420
- Monthly Property Taxes
- $630
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Central Falls, RI
Average List Price $724,000
Percent of Sale Price 3%
About Central Falls, RI 18,728 Population
-1% Since 2002
$ 29,577 Median Income
33.75 Median Age
44% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $699,995 | | Listed Price |