16 Fales Street Central Falls

$699,995
7 3 3,924 sq ft

The Property

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.

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Listing Details

MLS Number

1421571

Lot Size:

0.10 acres

Features

  • Basement: Full, Interior and Exterior, Partially Finished, Bathroom, Common, Laundry, Utility, Work Shop
  • Bus
  • Highway Access
  • Interstate
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Garage: 1
  • Laundry
  • Year Built: 1938

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Market Trends for Single Family Homes
in Central Falls

  • Overview
    Homes for Sale Today20-83.1% decrease in inventory
    New on Market *14600% increase in new listings
    Avg. Asking Price/Sq.Ft. *$231.48$144 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$479,750$45,250 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.78%-7% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$180.24$70 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6914 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Citylight Homes
Phone: 978-977-0050

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