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237 Cowden Street

Central Falls, RI 02863
  • $1,050,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 1424820
New On Site 5 Days Ago
UPDATED: 61 min ago
$1,050,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

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.

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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-10-06T10:37:42.95.
www.onshorerealtors.com/homes/181676676
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237 Cowden Street Central Falls, RI 02863

  • Price: $1,050,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 61 min ago
  • MLS #: 1424820
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1900
Built
County:
Providence
Area:
Central Falls
Property Description
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.
Exterior Features

Foundation Details Concrete Perimeter Parking Total 5

Interior Features

Cooling Ductless Cooling YN Yes Heating Ductless Forced Air Gas Heating YN Yes

Property Features

Community Features Highway Access Near Schools Public Transportation Recreation Area Restaurant Shopping Electric 200+ Amp Service Human Modified YN Yes Land Lease YN No New Construction YN No Owner Pays Hot Water Insurance Pest Control Sewer Water Property Sub Type Commercial Sewer Connected Structure Type Multi Family Tax Annual Amount 6450 Tax Assessed Value 585000 Tax Lot 269 Tax Year 2025 Tenant Pays Air Conditioning Cable TV Electricity Gas Heat Utilities Sewer Connected

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Keller Williams Leading Edge: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-10-06T10:37:42.95.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891