This Cash flowing multi-family home is located in a highly desirable, safe neighborhood that is popular among families and young professionals. The property consists of 3 units and a finished basement, each with a spacious floor plan and modern finishes. The building is well-maintained ensuring low maintenance costs for years to come with its new roof, new plumbing and updated fire alarm system! This property is collecting $4,500 in monthly rents! cash flow from day one! The exterior of the building is attractive and well-landscaped, with ample parking and outdoor living spaces for tenants to enjoy. The property also features convenient amenities. The location of this multi-family home is a major selling point, as it is situated in close proximity to popular shopping, dining, and entertainment destinations, as well as public transportation options. The neighborhood is known for its low crime rate and family-friendly atmosphere, making it an ideal place for tenants to call home. Overall, this multi-family home represents a fantastic investment opportunity, with strong rental demand and potential for long-term appreciation. Its combination of attractive features and prime location make it a must-see for any savvy real estate investor.
Sold for $440,000
$440,000
1 Worth St, Central Falls, RI 02863
8beds
2,512sqft
Multi Family
Built in 1900
-- sqft lot
$643,900 Zestimate®
$175/sqft
$1,575 Estimated rent
Home value
$643,900
$605,000 - $683,000
$1,575/mo
Zestimate® history
Owner options
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$2,267/mo
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List your homeWhat's special
Outdoor living spacesNew roofAmple parkingNew plumbingFinished basementSpacious floor planModern finishes
Zillow last checked:
Listing updated:
Listed by:
Kevin Sokolowski 401-523-9483,
Century 21 North East
Bought with:
Non-Mls Member
Non-Mls Member
Source: StateWide MLS RI,MLS#: 1337007
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Baseboard
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood
- Basement: Full,Interior and Exterior,Finished
- Has fireplace: No
Interior area
- Total structure area: 4,873
- Total interior livable area: 2,512 sqft
Property
Parking
- Total spaces: 8
- Parking features: Detached
- Garage spaces: 2
Lot
- Size: 4,791 sqft
Details
- Parcel number: CENTM07P188
- Zoning: R-2
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Central Falls
HOA & financial
Other financial information
- Total actual rent: 3700
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2023 | Sold | $440,000-2.2%$175/sqft |
Source:  StateWide MLS RI #1337007 Report a problem | ||
| 6/19/2023 | Pending sale | $450,000$179/sqft |
Source: StateWide MLS RI #1337007 Report a problem | ||
| 6/15/2023 | Price change | $450,000-4.3%$179/sqft |
Source: StateWide MLS RI #1337007 Report a problem | ||
| 6/5/2023 | Listed for sale | $470,000+10.6%$187/sqft |
Source: StateWide MLS RI #1337007 Report a problem | ||
| 8/2/2022 | Listing removed | -- |
Source: StateWide MLS RI #1311834 Report a problem | ||
| 6/8/2022 | Price change | $425,000-6.6%$169/sqft |
Source: StateWide MLS RI #1311834 Report a problem | ||
| 6/2/2022 | Listed for sale | $455,000+145.9%$181/sqft |
Source: StateWide MLS RI #1311834 Report a problem | ||
| 9/18/2017 | Sold | $185,000$74/sqft |
Source: StateWide MLS RI #1154727 Report a problem | ||
| 6/21/2017 | Listed for sale | $185,000+2.8%$74/sqft |
Source: Hemekedeal Realty, LLC #1154727 Report a problem | ||
| 4/6/2017 | Listing removed | $180,000$72/sqft |
Source: Hemekedeal Realty, LLC #1154727 Report a problem | ||
| 3/23/2017 | Listed for sale | $180,000-19.1%$72/sqft |
Source: Hemekedeal Realty, LLC #1154727 Report a problem | ||
| 1/3/2017 | Listing removed | $222,500$89/sqft |
Source: Hemekedeal Realty, LLC #1136902 Report a problem | ||
| 12/1/2016 | Listed for sale | $222,500-3.1%$89/sqft |
Source: Hemekedeal Realty, LLC #1136902 Report a problem | ||
| 3/3/2016 | Listing removed | $229,500$91/sqft |
Source: Home Island Realty, LLC #1106750 Report a problem | ||
| 11/10/2015 | Price change | $229,500-2.3%$91/sqft |
Source: Home Island Realty, LLC #1106750 Report a problem | ||
| 9/2/2015 | Listed for sale | $234,900-2.1%$94/sqft |
Source: Home Island Realty, LLC #1106750 Report a problem | ||
| 10/30/2003 | Sold | $240,000+160.9%$96/sqft |
Source: Public Record Report a problem | ||
| 10/31/1996 | Sold | $92,000$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,125 +9.4% | $463,700 +55.8% |
| 2024 | $5,600 +56.8% | $297,700 |
| 2023 | $3,572 | $297,700 |
| 2022 | $3,572 -27.8% | $297,700 +42.9% |
| 2021 | $4,949 +0.3% | $208,300 |
| 2020 | $4,935 -4.3% | $208,300 |
| 2019 | $5,158 +20.3% | $208,300 +27.9% |
| 2018 | $4,286 | $162,900 |
| 2017 | $4,286 +1.5% | $162,900 |
| 2016 | $4,224 +10.8% | $162,900 +18% |
| 2015 | $3,813 +1.4% | $138,000 |
| 2014 | $3,762 +6% | $138,000 |
| 2013 | $3,549 +15.6% | $138,000 +931.4% |
| 2012 | $3,071 +4.2% | $13,380 -90% |
| 2011 | $2,948 +14.6% | $133,800 |
| 2010 | $2,572 -23.5% | $133,800 -57.1% |
| 2009 | $3,363 +2.3% | $312,000 |
| 2008 | $3,288 +15.7% | $312,000 +51% |
| 2006 | $2,843 +5.5% | $206,600 |
| 2005 | $2,694 | $206,600 |
| 2004 | $2,694 +13.2% | $206,600 +106.2% |
| 2003 | $2,380 | $100,200 |
Find assessor info on the county website
Neighborhood: 02863
Nearby schools
GreatSchools rating
- 3/10Ella Risk SchoolGrades: K-5Distance: 0.2 mi
- 4/10Calcutt Middle SchoolGrades: 6-8Distance: 0.5 mi
- 1/10Central Falls Sr High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$643,900
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Estimated market value
$643,900
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