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Key Details
Sold Price $625,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,518 sqft
Price per Sqft $248
MLS Listing ID 1414312
Style Stacked
Bedrooms 5
Full Baths 3
Year Built 1867
Annual Tax Amount $6,577
Tax Year 2025
Lot Size 6,534 Sqft
Property Sub-Type Multi Family
Property Description
Incredible wealth-building opportunity at 112 Clay Street in Central Falls, RI! This massive, highly versatile 3-family property is delivered 100% vacant, offering an estimated $4,800+/month in residential rental income. Perfect for savvy real estate investors or owner-occupants seeking the ultimate house-hack, this spacious multi-family home features 5 bedrooms and 3 bathrooms across three functional, well-designed layouts. The property features a spacious 3-bed/1-bath unit ideal for an owner's suite, alongside two 1-bed/1-bath units to maximize your monthly cash flow. Extremely well-located in a high-demand commuter hub close to I-95, local restaurants, shopping, and the local train station, keeping tenant demand high and vacancy rates low. Adding massive value is a rare 2,000+ sqft detached garage with 13+ ft ceilings, 220V electrical power (separated), heavy-duty cinderblock construction, and an 8-inch concrete slab. This bonus commercial-grade structure is perfect for contractors, business storage, a private workshop, or separate rental income. Explore local zoning guidelines for ADU (Accessory Dwelling Unit) potential to add a 4th income-producing stream! With off-street parking for up to 12 cars, individual utility meters, low-maintenance vinyl siding, and unparalleled versatility, this property offers a rare combination of immediate high-yield cash-flow and long-term equity growth.
Location
State RI
County Providence
Interior
Heating Forced Air, Gas
Cooling Central Air
Flooring Carpet, Ceramic Tile, Hardwood
Exterior
Exterior Feature Porch
Parking Features Detached
Garage Spaces 8.0
Utilities Available Sewer Connected
Building
Sewer Connected
Water Connected
Structure Type Vinyl Siding
New Construction No
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Bought with Innovations Realty
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