Sold

112 Clay St, Central Falls, RI 02863

Beds
5
Baths
3
Sqft
2,518
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byeXp Realty
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
5
Number of bathrooms
3
Square feet
2,518
Lot size (acres)
0.15
Year built
1867

Interior features

Basement
Yes, Partially finished

Garage and parking

Garage parking spaces
8

Utilities

Heating
Forced Air, Natural Gas
Cooling
Central Air

Taxes

Tax Annual Amount (2025)
$6,577

Public schools

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Sourced from: StateWide MLS MLS®#: 1414312 Last checked:

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