INNOVATE
Real Estate
No photos available for this listing

$995,000

50 Garfield Street
Central Falls, RI 02863
Listed by Martha Habib
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Solid TURN-KEY investment opportunity! Totaling 6 Renovated units New 2-BRs,1-BAs featuring Stainless Steel Kitchens,Floors,Baths. Several Capital improvements include: New Exterior Siding,Soffits, Gutters, Windows, Plumbing, Two heating systems and more. Equipped with New Fire Alarm and an All-around Security Camera system Fully rented with month to month leases. Estimated NOI of $103,740/year yielding a Strong 21% ROI. Fantastic location near the Lincoln Line within minutes to Interstate highways,Train Station and several Conveniences. P&L/ Unit video tour clip available upon request.

Property details

MLS #
1412506
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
24
On market date
N/A
Stories
3
Garage spaces
N/A
Lot size
0.06 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Veterans Memorial Elementary
0.17 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
366
Student:teacher ratio
11.8:1
District
Central Falls
MiddleCharter
Segue Inst for Learning
0.18 mi away · Grades 3-8
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
275
Student:teacher ratio
14.5:1
District
Segue Institute for Learning
High
Central Falls Sr High
0.13 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
$6,142/mo
$199,000 down
$796,000 loan
Principal & interest$5,163
Property tax (est.)$829
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 6, 2026.

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.