18 Pacific Street

Central Falls, RI 02863

$575,000
Price
7
Beds
4
Baths
1
1/2 Bath
4,960 Sq. Ft.
$116 / Sq. Ft.
4,960
Sq. Ft.
$116
per Sq. Ft.

Description

Discover an exceptional investment opportunity at 16-18 Pacific St. in Central Falls, featuring two buildings on a single lot. The front property is a well-maintained, 1,180 sq/ft single-family home offering 3 bedrooms, 2.5 bathrooms, and is currently rented at $2,200 per month. This move-in-ready home boasts maintenance-free vinyl siding and plenty of off-street parking. Behind the single-family home sits a versatile 2-unit multi-family building, ready to generate additional rental income. The first...Discover an exceptional investment opportunity at 16-18 Pacific St. in Central Falls, featuring two buildings on a single lot. The front property is a well-maintained, 1,180 sq/ft single-family home offering 3 bedrooms, 2.5 bathrooms, and is currently rented at $2,200 per month. This move-in-ready home boasts maintenance-free vinyl siding and plenty of off-street parking. Behind the single-family home sits a versatile 2-unit multi-family building, ready to generate additional rental income. The first and second-floor units are vacant and move-in ready, while the third floor attic space could use some finishing touches to reach its full income potential. This unique setup offers great flexibility for an investor looking to owner-occupy while renting the other units, or for those seeking to expand their portfolio with a property that can start generating returns immediately. Whether you're a seasoned investor or new to real estate, this property's potential is hard to match. Don't miss out on this opportunity schedule your showing today! Sorry, NO FHA!
  1. Listed by Matthew Romano • Brokerage DRE #REC.0016995 • HomeSmart Professionals
    P: (401)-743-2210 MattRomanoRealty@gmail.com

Amenities

  • Air Conditioning
  • Attic
  • Baseboard Heating
  • Basement
  • Carpet Floors
  • Ceramic Floors
  • Common Laundry
  • Dryer
LISTING UPDATED: 12/15/2024 02:30 PM

Property Details for 18 Pacific Street

StatusActive
MLS #1374594
Days on Market3
Taxes$7,088 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1901
Lot Size0.12 AC / 5,227 SF
CountyProvidence County

Building Information for 18 Pacific Street

Stories3Residences3Year Built1901Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 18 Pacific Street

Summary
Location and General Information
  • City: Central Falls
  • Postal City: Central Falls
  • Postal Code: 02863
  • Postal Code Plus4: 2818
  • State Or Province: RI
  • Zoning: R-3
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 6
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: Annually
  • Tax Annual Amount: $7,088.00
  • Tax Assessed Value: 376800
  • Tax Lot: 121
  • Tax Map Number: 1
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Fin SQFT: 4960.0
  • Building Area Total: 4960.0
  • Frontage Length: 60
  • Living Area Source: Public Records
  • Lot Size Acres: 0.12
  • Lot Size Area: 5227.0
  • Lot Size Square Feet: 5227.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 18PACIFICSTCFLS
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • Business Type: Other
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1901
  • C L I P: 2,443,858,807
Utilities
  • Electric: Amps100
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Water Heater Rented, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 7
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl
  • Heating: Baseboard, Gas, Hot Water, Oil, Steam
  • Heating Y N: Yes
  • Interior Features: Bathtub, Skylights, Stall Shower, Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 17
  • Window Features: Skylights
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1,600.00
  • Description: Estimated Rent
  • Occupant Type: Vacant
  • Unit Type Area: 850.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,600.00
  • Description: Estimated Rent
  • Occupant Type: Vacant
  • Unit Type Area: 850.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,200.00
  • Description: Single Family, MTM Tenants.
  • Unit Type Area: 1180.0
  • Baths Total: 3
  • Beds Total: 3
  • Num of Full Baths: 2
  • Num of Half Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 18 Pacific Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 18 Pacific Street

Taxable ValueLand$103,100Additions$273,700Total$376,800
Tax Record2024$7,088 ($591 / month)
Home Facts
Stories2Lot Size5,297 SqFtStyleMulti-Family Dwelling (2-4)ZoningR-3CountyPROVIDENCEAPNCENT M:01 P:121

Schools near 18 Pacific Street

This home is within Central Falls School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 7
Rating
School
Distance
Alan Shawn Feinstein School
Public1 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.

Similar Homes

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18 Pacific Street is a multi-family home for sale in Central Falls, RI 02863. This property was listed for sale on December 13, 2024 by HomeSmart Professionals, it's currently listed at $575,000. It has been on the market for a total of 3 days and was last sold on December 30, 2002. This listing's school district is Central Falls School District. Nearby schools include Alan Shawn Feinstein School, Calcutt Middle School and Central Falls Sr High School. 18 Pacific Street is a 7-bed, 4.5-bath, 4,960 sqft multi-family home built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart Professionals

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.