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$999,990

116 Foundry St Central Falls, RI 02863

10 beds
6 full
0.1 acres
Multi-Family

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

Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.1148 Acres
Year built1900
ParkingNo Garage
MLS #1389308

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

DateEventPrice
Sep 30, 2021
Home Sold
$100,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

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.

How much money do the neighbors make?

62%
<35k
34%
35k-100k
4%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

51%
Single, No Kids
23%
Single, with Kids
11%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
34%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • White CastleWhite Castle
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • HondaHonda
  • KiaKia
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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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.

From Rocket Homes Real Estate and based on county public records data.

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