Multi Family at 57 59 Rand Street, Central Falls

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23 photos

$600,000

57 59 Rand Street

Central Falls, RI 02863

Listed by Joe McCarthy

Bedrooms

Bathrooms

Living area

N/A

Year built

1900

About this home

Make 57-59 Rand Street the start of something new. This versatile 2-family offers two spacious 3-bedroom units, each with open-concept living and dining, a pantry, two sun-filled window bays, soaring ceilings, and insulated vinyl windows that bring in plenty of natural light. Newly serviced gas boilers mean you’re set for winter. Upstairs, the third level has the makings of a studio, ready for your vision. The generous 7,400 sq. ft. lot offers ample off-street parking and room for outdoor living, and the 4-car garage adds a valuable income stream or workshop and storage space. Live in one unit and let the other help pay your mortgage, or add a strong long-term hold to your portfolio. Schedule your showing today.

Property details

MLS: Rhode Island Association of REALTORS
MLS #: 1426710
Property type: Multi Family
Subdivision: Central Falls
Status: Active
Days on market: N/A
On market date: October 22, 2026
Stories: 3
Total bathrooms: 2
Garage spaces: 4
Parking spaces: 11
Lot size: 0.17 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary

Veterans Memorial Elementary

0.25 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

0.25 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

0.11 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

Walkability

Blended score for Central Falls's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

Highly walkable

out of 100

EPA National Walkability Index

17.7 / 20 -- Most walkable

Google Places amenity density

100 / 100

Restaurants & cafes20

Grocery stores17

Parks19

Schools20

Transit stops20

Pharmacies4

Market position

How this listing compares to current activity in Central Falls, from live MLS data.

On the market 0 days -- 46 fewer days than Central Falls's current average of 46 days.

For reference, the median list price across 72 active listings in Central Falls right now is $495,000.

Mortgage calculator

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

Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

Property tax

% / yr

Home insurance

/mo

Est. monthly payment

$3,763/mo

$120,000 down

$480,000 loan

Principal & interest$3,113

Property tax (est.)$500

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.