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237 Cowden Street

Central Falls, RI 02863

$1,050,000 PRICE
1900 Built

Excellent investment opportunity in Central Falls! This fully renovated 5-unit multifamily property offers a desirable mix of four 2-bedroom/1-bath units and one spacious 4-bedroom/2-bath unit, making it an attractive addition to an investor portfolio or a strong owner-occupant opportunity. The property has undergone extensive renovation and is designed for low-maintenance ownership, with updated kitchens, bathrooms, electrical, plumbing, HVAC, insulation, and other major building systems. The property also offers approximately 4,356 square feet of living space and off-street parking. The property is currently generating approximately $10,800 per month in gross rental income, or $129,600 annually, providing a strong income-producing asset in a convenient Central Falls location. With its turnkey condition, strong rental income, flexible unit mix, and proximity to Providence, major transportation routes, shopping, restaurants, schools, and local amenities, this property presents a compelling opportunity for investors seeking a stabilized multifamily asset. Offered at $1,050,000.

Additional Information

ADDITIONAL INFORMATION

DAYS ON MARKET: 6
ELECTRICAL FEATURES: 200+ Amp Service
ON MARKET DATE: 2026-09-30
PARKING SPACES: 5
TAX AMOUNT: $6,450
TAX YEAR: 2025
TYPE: Commercial Sale
UTILITIES: Sewer Connected
YEAR BUILT: 1900

AMENITIES

Restaurant

INTERIOR/EXTERIOR FEATURES

COOLING: Ductless
FOUNDATION: Concrete Perimeter
HEAT: Natural Gas, Ductless, Forced Air

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Location for 237 Cowden Street, Central Falls, RI

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Schools for 237 Cowden Street, Central Falls, RI

Our community offers residents access to a number of fine private and public schools for all grade levels. Please read below for information on each of the schools in our area.

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Rhode Island

Rhode Island, Rhode Island

The coastal state of Rhode Island, known as "The Ocean State," represents one of New England's most distinctive living destinations. Measuring just 48 miles from north to south and 37 miles from east to...

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William Pitt Sotheby's International Realty

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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 William Pitt Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Data is updated as of 10/07/2026. Listed By: Tomas Pelaez of Keller Williams Leading Edge (401.333.4900).