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$699,995
Monthly Est:$3,484
7 Beds
- 3 Baths
3 full baths
3,924sqft
16 Fales St, Central Falls, RI 02863
$699,995
$3,484/moEst:
Get Pre-Approved
Multi Family
Built in 1938
$-- HOA
4,500 sqft lot
$178/sq.ft
Description
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.
- Houzeo last checked: 14 minutes ago
- Listing updated: September 27, 2026 at 5:01 am
- Listing Provided by: Saul Sanchez (617) 594-7634 DRE #RES.0208667 | Citylight Homes (978) 977-0050
- Source: RI StateWide MLS-RI | MLS#: 1421571

Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1938
HOA Fees
-
Finished Area
3,924 sqft
Lot Size
4,500 sqft lot
Basement Area
- sqft
MLS Name
RI StateWide MLS
MLS Number
1421571
MLS Status
Active
Days on Market
45

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 3
Interior
Interior Features
Attic, Bathtub, Tub Shower
Appliances
Gas Water Heater
Heating
Baseboard, Gas
Sewer
Public Sewer
Cooling
None
Flooring
Ceramic Tile, Hardwood
Construction
Year Built
Year Built: 1938
Home type
Multi Family
Architectural Style
Stacked
Construction Materials
Drywall, Vinyl Siding
Utilities & Energy
Electric
Amps100
Basement
Exterior Entry, Full, Interior Entry, Partially Finished
Laundry Features
Common Area
Water Source
Public
Parking Features
Detached, Garage
Other Features
Community Features
Highway Access, Near Schools, Public Transportation, Restaurant, Shopping
Subdivision Name
40
Price History
| Date | Event | Price |
|---|---|---|
08/25/2026 Source: | Listed for Sale | $699,995 +7.69% $178/sqft |
07/09/2025 Source: | Sold | $650,000 +8.51% $166/sqft |
04/24/2025 Source: | Pending | $599,000 $153/sqft |
04/14/2025 Source: | Listed for Sale | $599,000 $153/sqft |
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Based on information from State-Wide MLS through Oct 10, 2026, 09:15PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 State-Wide MLS, Inc. All rights reserved.
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