112 Clay Street, Central Falls, RI 02863
Local realty services provided by:ERA Empire Real Estate
Listed by: jonathan bolano
Office: exp realty
MLS#:1414312
Source:RI_STATEWIDE
Price summary
- Price:$599,900
- Price per sq. ft.:$238.24
About this home
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....
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Home facts
- Year built:1867
- Listing ID #:1414312
- Added:2 day(s) ago
- Updated:June 06, 2026 at 01:59 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:9
- Flooring:Carpet, Ceramic Tile, Hardwood
- Basement:Yes
- Basement Description:Full, Partially Finished
- Living area:2,518 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Year built:1867
- Building area:2,518 sq. ft.
- Lot area:0.15 Acres
- Construction Materials:Vinyl Siding
- Exterior Features:Porch
Utilities
- Water:Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$599,900
- Price per sq. ft.:$238.24
- Tax amount:$6,577 (2025)
Features and amenities
- Amenities:Gas Water Heater, Storm Windows
Parking
- Total parking spaces:15
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:8
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