INNOVATE
Real Estate
No photos available for this listing

$6,200,000

387 Broad Street
Central Falls, RI 02863
Listed by Kyle Seyboth
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Fully renovated 30-unit residential building in Central Falls offering an exceptional investment opportunity with modern finishes and spacious layouts throughout. Unit mix includes 22 studio units, 4 one-bedroom units, and 4 two-bedroom units, providing strong rental flexibility and broad tenant appeal. Recently renovated with updated interiors, this turnkey property is ideal for investors seeking a stabilized asset with long-term income potential. Conveniently located along the highly traveled Broad Street corridor with easy access to local shops, restaurants, and everyday amenities. Minutes to Downtown Central Falls and nearby Pawtucket dining, arts, and entertainment destinations. Close to the Pawtucket/Central Falls Transit Center for commuter rail access to Boston. Easy access to Interstate 95, Dexter Street, and Lonsdale Avenue. Near Slater Memorial Park, schools, healthcare, and Downtown Providence.

Highlights

New construction

Property details

MLS #
1412929
Property type
Multi Family,Commercial
Subdivision
N/A
Status
Active
Days on market
10
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
26,572 sqft

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
The Learning Community
0.52 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
0.44 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
$37,487/mo
$1,240,000 down
$4,960,000 loan
Principal & interest$32,170
Property tax (est.)$5,167
Home insurance (est.)$150

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Listed by Kyle Seyboth

Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 1, 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.