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About This Home

This 5-bedroom, 3-bathroom residential multi family at 112 Clay Street in Central Falls, RI is listed for $599,900 ($238 per sqft). Built in 1867, the home offers 2,518 sqft of living space on a 0.15 acres lot.

Agent 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.

Key Features

  • Built in 1867
  • 0.15 acre lot
  • 2 stories
  • 15 parking spaces

Property Details

2 stories
3 full
15 spaces
1867

Amenities

HardwoodA/C

Monthly Cost Estimate

$3,208/mo

20% down · 6.5% · 30 years

Principal$434
Interest$2,600
Insurance$175

Estimates only. Actual payments may vary.

Location

112 Clay Street

Central Falls, RI 02863

Features & Amenities

Exterior Features

Porch

Property Details

Flooring

HardwoodCarpetTile - Ceramic

Construction

Vinyl Siding

Pool Features

Porch

Heating

Natural GasForced Air

Cooling

Central Air

Appliances

Gas Water Heater

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 112 Clay Street is listed at $599,900 ($238/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.

Key features include: Built in 1867, 0.15 acre lot, 2 stories, 15 parking spaces. Exterior Features: Porch.

This property is listed by Jonathan Bolano and can be reached at (866) 828-3951 or jonathanbolano@bolanoteam.com.

JB

Jonathan Bolano

Agent at Exp Realty

(866) 828-3951

Listed by Exp Realty · View on Broker Site

MLS# 1414312· Source: listhub· Updated 2 days ago

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

112 Clay Street, Central Falls, RI 02863

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