224 Washington Street is a prime investment opportunity: a substantial two-family property in Central Falls with over 4,400 square feet of adaptable living space, including a finished basement in-law suite. The property features large, open layouts on both floors, each with three bedrooms and a full bath, providing ample space for tenants or multi-generational living. A three-car garage, gazebo, and extensive hardscaped seating areas add further value and appeal to this versatile property. With city approval, there is potential to build additional units, maximizing rental income in this growing area.
Sold for $540,000
$540,000
224 Washington St, Central Falls, RI 02863
6beds
3,500sqft
Multi Family
Built in 1870
-- sqft lot
$577,300 Zestimate®
$154/sqft
$2,316 Estimated rent
Home value
$577,300
$508,000 - $652,000
$2,316/mo
Zestimate® history
Owner options
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$2,316/mo
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$2,316/mo
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$2,782/mo
Est. payment
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$2,782/mo
Est. payment
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List your homeWhat's special
Three-car garageFinished basement in-law suiteExtensive hardscaped seating areasLarge open layouts
Zillow last checked:
Listing updated:
Listed by:
Gabe Francis 617-513-9156,
Lenox Realty Group
Bought with:
Dawn Marano, RES.0041714
Keller Williams Leading Edge
Source: StateWide MLS RI,MLS#: 1372495
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Baseboard, Forced Water
Cooling
- None
Appliances
- Laundry: In Building
Features
- Plumbing (Copper), Plumbing (Galvanized), Plumbing (Mixed), Plumbing (PVC), Insulation (Ceiling)
- Flooring: Ceramic Tile, Hardwood, Carpet
- Basement: Full,Walk-Out Access,Finished,Bath/Stubbed,Bedroom(s),Common,Kitchen,Laundry,Living Room
- Has fireplace: No
Interior area
- Total structure area: 4,435
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 10
- Parking features: Detached, Driveway
- Garage spaces: 4
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 7,840 sqft
Details
- Parcel number: CENTM04P117
- Zoning: R3
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Electric: Individual Meter
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
Location
- Region: Central Falls
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2025 | Sold | $540,000-1.8%$154/sqft |
Source:  StateWide MLS RI #1372495 Report a problem | ||
| 2/6/2025 | Pending sale | $550,000$157/sqft |
Source: StateWide MLS RI #1372495 Report a problem | ||
| 2/2/2025 | Listing removed | $550,000$157/sqft |
Source: StateWide MLS RI #1372495 Report a problem | ||
| 12/27/2024 | Contingent | $550,000$157/sqft |
Source: StateWide MLS RI #1372495 Report a problem | ||
| 11/7/2024 | Listed for sale | $550,000$157/sqft |
Source: StateWide MLS RI #1372495 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,297 +4.8% | $476,700 +49.2% |
| 2024 | $6,008 +56.7% | $319,400 |
| 2023 | $3,833 | $319,400 |
| 2022 | $3,833 -20.8% | $319,400 +56.8% |
| 2021 | $4,840 +0.3% | $203,700 |
| 2020 | $4,826 -4.3% | $203,700 |
| 2019 | $5,044 +26.1% | $203,700 +34% |
| 2018 | $3,999 | $152,000 |
| 2017 | $3,999 +1.5% | $152,000 |
| 2016 | $3,941 +2% | $152,000 +8.6% |
| 2015 | $3,865 +1.3% | $139,900 |
| 2014 | $3,814 +6% | $139,900 |
| 2013 | $3,598 +25.8% | $139,900 +1022.8% |
| 2012 | $2,860 +4.2% | $12,460 -90% |
| 2011 | $2,745 +14.6% | $124,600 |
| 2010 | $2,395 -9.3% | $124,600 -49.2% |
| 2009 | $2,642 +2.3% | $245,100 |
| 2008 | $2,583 +8.8% | $245,100 +42% |
| 2006 | $2,375 +5.5% | $172,600 |
| 2005 | $2,251 | $172,600 |
| 2004 | $2,251 +2.1% | $172,600 +86% |
| 2003 | $2,204 | $92,800 |
Find assessor info on the county website
Neighborhood: 02863
Nearby schools
GreatSchools rating
- 4/10Veterans Memorial Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Calcutt Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Central Falls Sr High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$577,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$577,300
- Rhode Island
- Providence County
- Central Falls
- 02863
- 224 Washington St
Nearby cities
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