Investment Overview

Marcus & Millichap is pleased to offer for sale the multi-family property located at 126 Sumner Avenue in Central Falls, Rhode Island. This building features a brick exterior and includes ten one-bedroom units and two two-bedroom units. All units are in excellent condition, offering clean and updated interiors, which enhance tenant retention and minimize capital expenditure needs for new ownership. Its proximity to downtown Central Falls and the greater Providence area positions it well for long-term appreciation and sustained rental growth. Central Falls, once one of Rhode Island’s most distressed cities, is now at the forefront of a regionally supported urban renewal effort. Spanning just 1.29 square miles, the city has become a model for compact, transit-accessible redevelopment. It is undergoing a comprehensive revitalization strategy focused on affordable housing, urban infill projects, and neighborhood stabilization. As one of the most densely populated communities in Rhode Island, Central Falls has adopted a proactive approach to addressing housing affordability and urban renewal. Significant public and private investment is flowing into the city through programs such as the Low-Income Housing Tax Credit (LIHTC), Community Development Block Grants (CDBG), and other state-level initiatives. These efforts have been instrumental in redeveloping blighted properties, upgrading existing housing stock, and supporting new construction that introduces much-needed housing diversity to the market. With limited comparable inventory available that offers well-maintained units in walkable, transit-accessible neighborhoods, this property is strategically positioned to achieve consistent occupancy and attract a stable, long-term tenant base.