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224 Washington St, Central Falls, RI, 02863

$550,000

Home List Price

$6,531*

Closing Credit

6 Bedrooms
3 Full Baths
Multi

Location

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224 Washington St, Central Falls$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Garage
Year Built1870
HeatingBaseboard, Natural Gas, Hot Water
CoolingNone
BasementYes
MLS #1372495
Lot Size0.18 Acres
StatusActive

About 224 Washington St

224 Washington Street is a prime investment opportunity: a substantial two-family property in Central Falls with over 4,400 square feet of adaptable living space, including a finished basement in-law suite. The property features large, open layouts on both floors, each with three bedrooms and a full bath, providing ample space for tenants or multi-generational living. A three-car garage, gazebo, and extensive hardscaped seating areas add further value and appeal to this versatile property. With city approval, there is potential to build additional units, maximizing rental income in this growing area.

Property Details

Property Features

Property Information:

  • Year Built: 1870

Listing Office:

  • Office Name: Lenox Realty Group
  • Office Phone: (401) 572-3322

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic Tile, Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000

Tax Information:

  • Annual Amount: $4,840
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Central Falls, RI.

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Central Falls, RI

City

Med. Sold Price

$466K

Med. Price/SqFt

$191

Avg. Days On Market

30

# of Sold Homes

3

224 Washington St vs Central Falls

40 DAYS ON ROCKET

+10 Days

$550,000

+$84K More

KEY TAKEAWAY

This property is $84K more than the Median Sold Price in Central Falls, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1372495

Listing Office:

  • Office Name: Lenox Realty Group
  • Office Phone: (401) 572-3322

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,840$203,700
2020$4,826$203,700
2018$3,999$152,000
2017$3,999$152,000

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4299532
5
/10

  • Veterans Memorial Elementary School

  • 150 Fuller Ave

  • 0.30 miles

  • Public District Grades KG-4

school-card-donut-4299533
2
/10

  • Ella Risk School

  • 949 Dexter St

  • 0.35 miles

  • Public District Grades KG-4

school-card-donut-4299534
2
/10

  • Raices Dual Language Academy

  • 135 Hunt St

  • 0.36 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,594. Most Central Falls, RI residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Providence County›Central Falls›02863›224 Washington St

This home is located at 224 Washington St in Central Falls, RI and zip code 02863. This home, which was built in 1870, sits on a 0.18 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $550,000.

In November 2024 more than 1 listings in Central Falls, RI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below. Between October 2024 and November 2024, Central Falls, RI real estate market has seen decrease in the number of listings by 4%. While the average time on the market in November 2024 was 30 days, the median list price was $466,000.

From Rocket Homes Real Estate and based on county public records data.

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