Faleria De Robertis
← INNOVATE Real Estate
Multi Family at 16 Fales Street, Central Falls
Multi Family at 16 Fales Street, Central Falls, photo 2 of 39
Multi Family at 16 Fales Street, Central Falls, photo 3 of 39
Multi Family at 16 Fales Street, Central Falls, photo 4 of 39
Multi Family at 16 Fales Street, Central Falls, photo 5 of 39
Multi Family at 16 Fales Street, Central Falls, photo 6 of 39
Multi Family at 16 Fales Street, Central Falls, photo 7 of 39
Multi Family at 16 Fales Street, Central Falls, photo 8 of 39
Multi Family at 16 Fales Street, Central Falls, photo 9 of 39
Multi Family at 16 Fales Street, Central Falls, photo 10 of 39
Multi Family at 16 Fales Street, Central Falls, photo 11 of 39
Multi Family at 16 Fales Street, Central Falls, photo 12 of 39
Multi Family at 16 Fales Street, Central Falls, photo 13 of 39
Multi Family at 16 Fales Street, Central Falls, photo 14 of 39
Multi Family at 16 Fales Street, Central Falls, photo 15 of 39
Multi Family at 16 Fales Street, Central Falls, photo 16 of 39
Multi Family at 16 Fales Street, Central Falls, photo 17 of 39
Multi Family at 16 Fales Street, Central Falls, photo 18 of 39
Multi Family at 16 Fales Street, Central Falls, photo 19 of 39
Multi Family at 16 Fales Street, Central Falls, photo 20 of 39
Multi Family at 16 Fales Street, Central Falls, photo 21 of 39
Multi Family at 16 Fales Street, Central Falls, photo 22 of 39
Multi Family at 16 Fales Street, Central Falls, photo 23 of 39
Multi Family at 16 Fales Street, Central Falls, photo 24 of 39
Multi Family at 16 Fales Street, Central Falls, photo 25 of 39
Multi Family at 16 Fales Street, Central Falls, photo 26 of 39
Multi Family at 16 Fales Street, Central Falls, photo 27 of 39
Multi Family at 16 Fales Street, Central Falls, photo 28 of 39
Multi Family at 16 Fales Street, Central Falls, photo 29 of 39
Multi Family at 16 Fales Street, Central Falls, photo 30 of 39
Multi Family at 16 Fales Street, Central Falls, photo 31 of 39
Multi Family at 16 Fales Street, Central Falls, photo 32 of 39
Multi Family at 16 Fales Street, Central Falls, photo 33 of 39
Multi Family at 16 Fales Street, Central Falls, photo 34 of 39
Multi Family at 16 Fales Street, Central Falls, photo 35 of 39
Multi Family at 16 Fales Street, Central Falls, photo 36 of 39
Multi Family at 16 Fales Street, Central Falls, photo 37 of 39
Multi Family at 16 Fales Street, Central Falls, photo 38 of 39
Multi Family at 16 Fales Street, Central Falls, photo 39 of 39
39 photos

$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

Get directions →
Loading map…

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

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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

Similar homes you might like

100 Chestnut Street
New
$799,700
100 Chestnut Street
Central Falls, 02863
6 bd·4 ba·N/A
1 day on market
Listed by Filomena ALTIERI
142 Lincoln Avenue
New
$679,700
142 Lincoln Avenue
Central Falls, 02863
6 bd·3 ba·N/A
1 day on market
Listed by Filomena ALTIERI
112 Chestnut Street
New
$669,700
112 Chestnut Street
Central Falls, 02863
4 bd·4 ba·N/A
1 day on market
Listed by Filomena ALTIERI
156 Lincoln Avenue
$780,000
156 Lincoln Avenue
Central Falls, 02863
13 bd·4 ba·N/A
130 days on market
Listed by Franshelly Tejeda

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.