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Multi Family at 16 Fales Street, Central Falls
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$699,995

16 Fales Street
Central Falls, RI 02863
Listed by Saul Sanchez
Bedrooms
7
Bathrooms
3
Living area
N/A
Year built
1938

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 details

MLS #
1421571
Property type
Multi Family
Subdivision
40
Status
Active
Days on market
N/A
On market date
August 25, 2026
Stories
3
Total bathrooms
3
Garage spaces
2
Parking spaces
7
Lot size
0.1033 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
The Learning Community
0.26 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
579
Student:teacher ratio
12.6:1
District
Learning Community
Middle
Calcutt Middle School
0.28 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
729
Student:teacher ratio
17.0:1
District
Central Falls
High
Central Falls Sr High
0.27 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
804
Student:teacher ratio
17.1:1
District
Central Falls

Mortgage calculator

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Est. monthly payment
$4,365/mo
$139,999 down
$559,996 loan
Principal & interest$3,632
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.