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For sale
    • $699,995

    16 Fales St, Central Falls, RI 02863

    7beds
    3,468sqft
    : 
    $4,916/mo
    Get pre-qualified
    Multi Family
    Built in 1938
    -- sqft lot
    $691,100 Zestimate®
    $202/sqft
    $-- HOA

    What's special

    Ample off-street parkingDetached two-car garagePartially finished basementBeautiful hardwood floorsOriginal double parlorsNatural wood finishes
    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.
    46 days
    409
    38

    Zillow last checked:

    Listing updated:

    Listed by:

    Saul Sanchez 617-594-7634,

    Citylight Homes

    Source: StateWide MLS RI,MLS#: 1421571MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 3
      • Full bathrooms: 3
      Bathroom
      • Features: Bath w Tub
      Heating
      • Natural Gas, Baseboard
      Cooling
      • None
      Appliances
      • Included: Gas Water Heater
      • Laundry: Common Area, In Building
      Features
      • Wall (Dry Wall)
      • Flooring: Ceramic Tile, Hardwood
      • Basement: Full,Interior and Exterior,Partially Finished,Bath/Stubbed,Common,Laundry,Utility,Work Shop
      • Has fireplace: No
      Interior area
      • Total structure area: 3,924
      • Total interior livable area: 3,468 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 7
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Stories: 3
      Lot
      • Size: 4,499 Square Feet
      Details
      • Foundation area: 1400
      • Parcel number: CENTM01P2

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Dry Wall, Vinyl Siding
      Condition
      • New construction: No
      • Year built: 1938

      Utilities & green energy

      • Electric: 100 Amp Service
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Near Public Transport, Highway Access, Interstate, Restaurants, Schools, Near Shopping
      • Subdivision: 40
      HOA
      • Has HOA: No
      Location
      • Region: Central Falls

      Financial & listing details

      • Price per square foot: $202/sqft
      • Tax assessed value: $516,800
      • Annual tax amount: $7,560
      • Date on market: 8/26/2026
      • Inclusions: Information deemed reliable; however, not guaranteed or independently verified. Interested parties are encouraged to conduct their own due diligence, verification, and research, and to rely solely on the results. Neither the seller nor the listing agent makes any representations as to the accuracy of the information herein.
      • Total actual rent: 0
      • Tenant pays: Heat

        Estimated market value

        $691,100

        $657,000 - $726,000

        $1,895/mo

        Price history

        DateEventPrice
        8/26/2026Listed for sale$699,995+7.7%$202/sqft
        Source: StateWide MLS RI #1421571 Report a problem
        6/30/2025Sold$650,000+8.5%$187/sqft
        Source: StateWide MLS RI #1382371 Report a problem
        4/24/2025Pending sale$599,000$173/sqft
        Source: StateWide MLS RI #1382371 Report a problem
        4/14/2025Listed for sale$599,000$173/sqft
        Source: StateWide MLS RI #1382371 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,827 +101.9%$516,800 +187.4%
        2024$3,382 +7.7%$179,800
        2023$3,139 $179,800
        2022$3,139 -33.2%$179,800 -9.1%
        2021$4,702 +0.3%$197,900
        2020$4,688 -4.3%$197,900
        2019$4,900 +22%$197,900 +29.7%
        2018$4,015 +0.1%$152,600 +0.1%
        2017$4,012 +1.5%$152,500
        2016$3,954 -5.5%$152,500 +0.7%
        2015$4,186 +1.4%$151,500
        2014$4,130 +6%$151,500
        2013$3,897 +25.9%$151,500 +1023.1%
        2012$3,096 +4.2%$13,490 -90%
        2011$2,972 +14.6%$134,900
        2010$2,593 -17%$134,900 -53.5%
        2009$3,124 +2.3%$289,800
        2008$3,054 +3.7%$289,800 +35.4%
        2006$2,946 +5.5%$214,100
        2005$2,792 $214,100
        2004$2,792 +2.5%$214,100 +86.7%
        2003$2,724 $114,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 02863

        Getting around

        85 / 100
        Very Walkable
        37 / 100
        Some Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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