0 Baths
$1,050,000
237 Cowden Street, Central Falls RI, 02863
Price per sqftN/A
Built in1900
Property typeCommercial
Overview
Active
Listed Sep 30, 2026
Updated 8 days ago
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
- MLS® ID
- 1424820
Interior Features
- Bathrooms
- 0
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.1 Acres
Other Property Details
- Taxes
- $6,450
- Tax Frequency
- Annually
Courtesy of Keller Williams Leading Edge, 203-613-2629
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Data last updated 4:25 AM UTC, 10/12/2026.