116 Foundry St

5,410 Sq. Ft.
$166 / Sq. Ft.
5,410
Sq. Ft.
$166
per Sq. Ft.

Description

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:...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.

Amenities

  • Basement
  • Common Laundry
  • Dishwasher
  • Dryer
  • Electric Oven
  • Full Basement
  • Gas Heat
  • Gym
LISTING UPDATED: 11/30/2025 08:03 PM

Property Details for 116 Foundry Street

StatusPending
MLS #1389308
Days on Market146
Taxes$8,036 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.11 AC / 5,000 SF
CountyProvidence County

Location

Listing Courtesy of Smith and Oak Real Estate Co.
Add your commute

Building Information for 116 Foundry Street

Stories3Residences4Year Built1900Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$5,051 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,382

Property Taxes

$670

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 116 Foundry Street

Summary
Location and General Information
  • City: Central Falls
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Postal City: Central Falls
  • Postal Code: 02863
  • State Or Province: RI
  • Zoning: R-3
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 6
Taxes and HOA Information
  • Tax Annual Amount: $8,036.00
  • Tax Assessed Value: 608400
  • Tax Lot: 347
  • Tax Map Number: 5
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Fin SQFT: 5410.0
  • Building Area Total: 5410.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1148
  • Lot Size Area: 5000.0
  • Lot Size Square Feet: 5000.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 116FOUNDRYSTCFLS
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 2,672,788,521
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Brick Mortar
Interior Features
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 10
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Vinyl
  • Heating: Gas
  • Heating Y N: Yes
  • Interior Features: Interior Steps, Stall Shower, Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 16
Multi Family
Income & Expenses Information
  • Operating Expense: $22,673.00
Unit 1 Information
  • Actual Rent: $2,925.00
  • Description: Units 3R and 3L are 1BR/1BA $1375 + $1550
  • Type: TwoBedroom
  • Unit Type Area: 1000.0
  • Baths Total: 2
  • Beds Total: 2
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,500.00
  • Description: M2M
  • Unit Type Area: 1140.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,800.00
  • Description: 2025 Market
  • Occupant Type: Vacant
  • Unit Type Area: 1140.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $3,000.00
  • Description: Airbnb ($2.6k INCLUDES FEES AND EXPENSES)
  • Type: TwoBedroom
  • Unit Type Area: 850.0
  • Baths Total: 2
  • Beds Total: 2
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 116 Foundry Street

DateEvent & SourcePriceAppreciation
Nov 30, 2025

Contract Signed

Rhode Island Association of REALTORS® #1389308

Oct 28, 2025

Price Change

Rhode Island Association of REALTORS® #1389308

$899,000
Sep 18, 2025

Price Change

Rhode Island Association of REALTORS® #1389308

$949,000
Jul 7, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1389308

$999,990
Dec 18, 2024

Temporarily Off Market

Rhode Island Association of REALTORS® #1370029

Oct 23, 2024

Price Change

Rhode Island Association of REALTORS® #1370029

$950,000
Oct 2, 2024

Permanently Off Market

Rhode Island Association of REALTORS® #1369889

Oct 2, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1370029

$995,000
Oct 1, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1369889

$995,000
Sep 27, 2021

Sold (Public Record)

Public Record #1473987713

$100,000
DateEvent & SourcePrice
11/30/2025

Contract Signed

Rhode Island Association of REALTORS® #1389308

10/28/2025

Price Change

Rhode Island Association of REALTORS® #1389308

$899,000
09/18/2025

Price Change

Rhode Island Association of REALTORS® #1389308

$949,000
07/07/2025

Listed (Active)

Rhode Island Association of REALTORS® #1389308

$999,990
12/18/2024

Temporarily Off Market

Rhode Island Association of REALTORS® #1370029

10/23/2024

Price Change

Rhode Island Association of REALTORS® #1370029

$950,000
10/02/2024

Permanently Off Market

Rhode Island Association of REALTORS® #1369889

10/02/2024

Listed (Active)

Rhode Island Association of REALTORS® #1370029

$995,000
10/01/2024

Listed (Active)

Rhode Island Association of REALTORS® #1369889

$995,000
09/27/2021

Sold (Public Record)

Public Record #1473987713

$100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Foundry Street

Taxable ValueLand$105,000Additions$503,400Total$608,400
Tax Record2025$8,037 ($670 / month)
Home Facts
Stories3Lot Size5,001 SqFtStyleMulti-Family Dwelling (2-4)ZoningR-3CountyPROVIDENCEAPNCENT M:05 P:347

Schools near 116 Foundry Street

This home is within Central Falls School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 7
Rating
School
Distance
Veterans Memorial Elementary School
PublicK to 5

Calcutt Middle School
Public6 to 8

Central Falls Sr High School
Public9 to 12

Raices Upper Dual Language Acd
Public6 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Smith and Oak Real Estate Co.

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.