Sold for $490,000

$490,000

641 Broad St, Central Falls, RI 02863

3beds

2,440sqft

Multi Family

Built in 1900

-- sqft lot

$555,300 Zestimate^®

$201/sqft

$1,572 Estimated rent

Home value

$555,300

$516,000 - $594,000

$1,572/mo

Zestimate^® history

Owner options

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$1,572/mo

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$1,572/mo

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$3,102/mo

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$3,102/mo

Est. payment

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What's special

Separate utilitiesNew hot water tanksPrivate parking

New Year ~ New Opportunity. Desirable multi-family location situated on a corner lot on Broad St. Unique investment opportunity as the first level boasts 1208 square ft of potential commercial space with an additional 500 square foot added basement space; along with a 2 car garage with private parking. This well maintained mixed use commercial-residential multifamily features a forced hot air system, new hot water tanks, separate utilities and a sprinkler system for the charming fenced in yard. Location Location Location - This property has a lot to offer - Looking to discover its highest and best use - Must See!! First Showing at Open House Saturday 12 PM - 2 PM HIGHEST AND BEST BY TUESDAY 1/2/2023 BY 5PM

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Bathroom

Features: Bath w Tub & Shower

Heating

Natural Gas, Forced Air

Cooling

Central Air, Wall Unit(s)

Appliances

Laundry: Common Area, In Unit

Features

Insulation (Walls)
Flooring: Hardwood, Vinyl
Basement: Partial,Interior and Exterior,Partially Finished,Storage Space
Has fireplace: No

Interior area

Total structure area: 2,687
Total interior livable area: 2,440 sqft

Property

Parking

Total spaces: 7
Parking features: Attached
Attached garage spaces: 2

Features

Stories: 2
Patio & porch: Patio

Lot

Size: 5,806 sqft
Features: Corner Lot

Details

Parcel number: CENTM01P148
Special conditions: Conventional/Market Value

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: 100 Amp Service
Utilities for property: Sewer Connected, Water Connected

Community & neighborhood

Community

Community features: Near Public Transport, Commuter Bus, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping

Location

Region: Central Falls

HOA & financial

Other financial information

Total actual rent: 0

Price history

Date	Event	Price
2/16/2024	Sold	$490,000-2%$201/sqft
Source: StateWide MLS RI #1350141 Report a problem
1/15/2024	Pending sale	$499,900$205/sqft
Source: StateWide MLS RI #1350141 Report a problem
12/28/2023	Listed for sale	$499,900+471.3%$205/sqft
Source: StateWide MLS RI #1350141 Report a problem
8/11/1993	Sold	$87,500+2.9%$36/sqft
Source: Public Record Report a problem
8/11/1989	Sold	$85,000$35/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,716	$357,000 +42.6%
2024	--	$250,400
2023	--	$250,400
2022	--	$250,400 +5.2%
2021	--	$238,100
2020	$3,354 -4%	$238,100
2019	$3,495	$238,100 +4.6%
2018	--	$227,700
2017	--	$227,700
2016	--	$227,700 +8.6%
2015	--	$209,700 +0.7%
2011	--	$208,300
2010	--	$208,300 +51.5%
2006	$1,892 +5.5%	$137,500
2005	$1,793	$137,500
2004	$1,793 -26%	$137,500 +34.8%
2003	$2,423	$102,000