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Multi family home for sale at 16 Fales St, Central Falls, RI 02863 | MLS# 1421571 | Listing updated on 2026-09-27
Photo 1 of Multi family home for sale at 16 Fales St, Central Falls, RI 02863 | MLS# 1421571 | Listing updated on 2026-09-27
Photo 2 of Multi family home for sale at 16 Fales St, Central Falls, RI 02863 | MLS# 1421571 | Listing updated on 2026-09-27
Photo 3 of Multi family home for sale at 16 Fales St, Central Falls, RI 02863 | MLS# 1421571 | Listing updated on 2026-09-27
Photo 4 of Multi family home for sale at 16 Fales St, Central Falls, RI 02863 | MLS# 1421571 | Listing updated on 2026-09-27
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$699,995

Monthly Est:$3,484

  • Beds Icon7 Beds
  • Beds Icon
    3 Baths
  • Beds Icon3,924sqft

16 Fales St, Central Falls, RI 02863

$3,484/moEst:

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  • 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 RI StateWide MLS-RI

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    3

  • County

    Providence County

  • City

    Central Falls

  • 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

DateEventPrice

08/25/2026

Source: mls_logoRI StateWide MLS-RI #1421571

Listed for Sale

$699,995 +7.69%

$178/sqft

07/09/2025

Source: mls_logoRI StateWide MLS-RI #1382371

Sold

$650,000 +8.51%

$166/sqft

04/24/2025

Source: mls_logoRI StateWide MLS-RI #1382371

Pending

$599,000

$153/sqft

04/14/2025

Source: mls_logoRI StateWide MLS-RI #1382371

Listed for Sale

$599,000

$153/sqft

Nearby Homes

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.

Advertising Broker: Derek Greene | The Greene Realty Group