116 Foundry Street, Central Falls, RI 02863 - Photo 1

1/1

$840,000

Sold
Closed
Commercial Residential Facility

1/1

Property Description

New Everything. NOI over $100K+, Cap Rate over 10%, 5 Total Units, $10,825 gross monthly rent. (1) Single Family with 2BR/2BA across 850 +/- sq. ft. currently rented at $3000 per month*. (1) 4-Unit building. Unit 1 is a 3BR/1BA across 1,140 +/- sq. ft. and is vacant [MARKET $2,800 p/month]. Unit 2 is the same layout, occupied [$2,500 p/month]. The third floor is split into (2) 1BR/1BA units, both currently occupied [3L: $1,375 p/month, 3R: $1,550 p/month]. Don't let this opportunity slip. Brand new: plumbing, electrical, insulated windows, roof* siding, 3 navien tankless heat/hot water, flooring, kitchens, bathrooms, smoke detectors, light and plumbing fixtures. *Back house has brand new roof (archetectural shingles), 4-unit has flat, rubber roof in great condition. Maintenance free investment is a great addition to your portfolio in a growing market. Inquire about transferable property management available at discounted rate.

Full Property Details

Full Property Details for 116 Foundry St

General

Sold For: $840,000
Taxes: $8,036 (2025)
Status: Closed
Type: Commercial Residential Facility
Source: STWMLS
MLS ID: 1389358
Added to Site: 224 day(s) ago

Business

Year Established: 1900

Rooms

Other Rooms

Laundry: Common Area

Additional Information

Security/Safety: Smoke Detector(s)

Parking

Total Spaces: 6

Location

County: Providence
Near Highway: Yes

Community

Units Assoc/Comm: 5

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard, Gas

Utilities

Sewer: Public Sewer
Water: Connected, Public
Utility Description: Electricity Available, Natural Gas Connected

Structural Information

# Buildings: 2
Architectural Style: Stacked, Tri-Level
Structure Type: Apartment
Detached/Attached: Attached
Basement: Yes
Basement Desc.: Full
Stories/Levels: 4
Building Size: 4130
Finished Total: 4,130 Sq. Ft.
Finished Above Grnd: 4,130 Sq. Ft.
Year Built: 1900

Unit Information

Vacancy %: 5

Lot Features

Lot Size (Acres): 0.1148
Lot Size (Sq. Ft.): 5,000
Lot Size: 5000
Frontage: City Street
Potential Use: Residential

Financial Considerations

Tax Amount: $8,036
Tax Year: 2025

Disclosures and Reports

Documents Avail.: Aerial
Inclusions: FIVE LEGAL UNITS. (1) 4 family, and (1) Stand-alone single-family home in the backyard is a 2 bed/2 bath and is currently rented as an AIRBNB. There are
Property ID: 116FOUNDRYSTCFLS
Lot Number: 347

Listed by Smith and Oak Real Estate Co.
Sold by REALPRO by The Water

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— 116 Foundry St —

Smith and Oak Real Estate Co.

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Schools

Schools serving 116 Foundry St

School District:Central Falls School District

Name	Grades	Distance
Central Falls Sr High School 24 Summer Street, Central Falls, RI 02863	9-12	0.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 Foundry St

Date

Details

Price

Change

Source

2/12/2026

Sold

$840,000

-6.56%

MLS

10/28/2025

Price Reduced

$899,000

-5.27%

MLS

9/18/2025

Price Reduced

$949,000

-5.1%

MLS

7/07/2025

Listed

$999,990

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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116 Foundry St, Central Falls, RI 02863 - Photo 1

Sold

$840,000