#1379290, Listing office: HomeSmart Professionals
Property details
About 116 Foundry St
New Everything. NOI over $110K+, Cap Rate over 11%, 5 Total Units, $11,225 gross monthly rent. (1) Single Family with 2BR/2BA across 850 +/- sq. ft. currently rented at $3000 per month. (1) 4-Unit building. Unit 1 is a 3BR/1BA across 1,140 +/- sq. ft. and is vacant [MARKET $2,800 p/month]. Unit 2 is the same layout, occupied [$2,500 p/month]. The third floor is split into (2) 1BR/1BA units, both currently occupied [3L: $1,375 p/month, 3R: $1,550 p/month]. Don't let this opportunity slip. Brand new: plumbing, electrical, insulated windows, roof* siding, 3 navien tankless heat/hot water, flooring, kitchens, bathrooms, smoke detectors, light and plumbing fixtures. *Back house has brand new roof (archetectural shingles), 4-unit has flat, rubber roof in great condition. Maintenance free investment is a great addition to your portfolio in a growing market. Inquire about transferable property management available at discounted rate.
Highlights
Summary
- Full Bathrooms: 6
- Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
- Basement: Yes
- Flooring Type: Vinyl
- Interior: Stall Shower, Tub Shower
- Fireplace: None
- Total Bedroom Count: 10
- Parking: No Garage
- Heating: Natural Gas
- Cooling: None
- List Price: $999,990
- Annual Tax Amount: $8,875
- Tax Year: 2024
- Year Built: 1900
- Lot Size: 0.1148 Acres
- MLS Number: 1389308
- MLS Name: RIS
- Office Name: Smith and Oak Real Estate Co.
- Office Phone: (401) 464-2617
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/17/2025, 7:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 30, 2021 | Home Sold | $100,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $471,800 | $8,875 |
2023 | $355,500 | $6,595 |
2022 | $355,500 | $6,207 |
2021 | $173,700 | $4,127 |
2020 | $173,700 | $4,115 |
2018 | $124,000 | $3,262 |
2017 | $124,000 | $3,262 |
History based on county public records data.
Nearby schools
5
Veterans Memorial Elementary School
Public District KG-4
0.4 mi
•150 Fuller Ave
2
Raices Dual Language Academy
Public District PK-6
0.5 mi
•135 Hunt St
2
Ella Risk School
Public District KG-4
0.5 mi
•949 Dexter St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,715. Residents of Central Falls, RI typically earn less than $<35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
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Frequently asked questions
About 116 Foundry St
The listing price of 116 Foundry St property is $999,990.
The property 116 Foundry St is a multi located in Central Falls, Rhode Island, 02863.
Active Listing: 116 Foundry St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 Foundry St are: Veterans Memorial Elementary School (GreatSchools Rating 5/10), Raices Dual Language Academy (GreatSchools Rating 2/10), Ella Risk School (GreatSchools Rating 2/10), Calcutt Middle School (GreatSchools Rating 1/10), The Learning Community (GreatSchools Rating 4/10), Segue Inst for Learning (GreatSchools Rating 4/10), Central Falls Sr High School (GreatSchools Rating 2/10), William E. Tolman Senior High School (GreatSchools Rating 2/10), Blackstone Valley Preparatory High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $8,875 (source: MLS/based on county public records data).
The last sale was on September 30, 2021 for $100,000 (source: MLS/tax record).
The year of construction for 116 Foundry St is 1900.
This home is located at 116 Foundry St in Central Falls, RI and zip code 02863. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 7, 2025 and is currently priced at $999,990.
In June 2025 more than 0 listings in Central Falls, RI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. In June 2025 in Central Falls, RI there were 13.3% more homes for sale than in May. In June 2025 median list price was $518,500 and the average listing age was 10 days.