112 Clay St

Central Falls RI 02863

2518 sq. ft.

6534 sq. ft.

Multi-Family

Last sold for $625,000

Jonathan Bolano, last sold this property on 07 July 2026 after 82 days on market.

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.

Features

5 bedrooms

3 bathrooms

15 carspaces

8 garage spaces

2518 sq. ft. floor area

6534 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Central Falls over the last 12 months, the estimated median property value of 112 Clay St is $550k.

Median value

$550k

Estimated value range

$465k - $625k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Central Falls. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 112 Clay St

2026

Sold

$625,000

07 Jul 2026 by Jonathan Bolano

2018

Sold

$200,000

21 Aug 2018

Happy sellers in Central Falls

We have insufficient information to provide an overview of customer satisfaction for Central Falls. Viewing the agent profiles, reviews and sales for Central Falls can provide insights for this location.