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7 Beds
3 Baths
3,924 sqft

$699,995

16 Fales Street, Central Falls RI, 02863

Price per sqft$178.39
Built in1938
Property size3,924 sqft
Property typeMulti-family

Overview

Active

Listed Aug 25, 2026

Updated 12 days ago

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.

$4,657/mo

Est. mortgage payment based on a $699,995 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1421571

Interior Features

Bedrooms
7
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$7,560
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

Courtesy of Citylight Homes, 617-594-7634

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Residential Properties are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 4:57 AM UTC, 9/28/2026.

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