About This Home

This 0-bedroom, 0-bathroom commercial at 237 Cowden Street in Central Falls, RI is listed for $1,100,000. Built in 1900, on a 0.10 acres lot.

Key Features

  • Built in 1900
  • 0.10 acre lot
  • 3 stories
  • 5 parking spaces

Property Details

3 stories
5 spaces
1900

Amenities

A/C
Listing Description

Turnkey 5-Unit Multifamily Investment Fully renovated 5-unit apartment building with all major capital improvements completed, including new plumbing, electrical, HVAC, insulation, kitchens, and bathrooms. Investors can benefit from minimal deferred maintenance and reduced capital expenditure risk for years to come.

Located in a high-demand rental market near schools, parks, restaurants, shopping, public transportation, and major employment centers, supporting strong occupancy and tenant retention. Investment Highlights: 5 residential units 4 2 bedroom 1 bath 1 4 bedroom 2 bath 100% renovated building New major systems throughout Low-maintenance asset Strong r

ental demand location Ideal for cash flow and long-term appreciation A rare opportunity to acquire a stabilized, turnkey multifamily property. Perfect for investors seeking reliable income with limited near-term capital requirements.

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

237 Cowden Street

Central Falls, RI 02863

Features & Amenities

Interior Features

Ceiling Height (7 to 9 Ft)

Property Details

Heating

Forced Air

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 237 Cowden Street is listed at $1,100,000. The estimated monthly payment is $5,883 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.10 acre lot, 3 stories, 5 parking spaces. Interior Features: Ceiling Height (7 to 9 Ft).

This property is listed by Tomas Pelaez and can be reached at 2036132629.

TP

Tomas Pelaez

Agent at Keller Williams Realty Leading Edge

(203) 613-2629

Listed by Keller Williams Realty Leading Edge · Broker phone: (401) 333-4900 · View on Broker Site

MLS# 1414946· Source: State Wide MLS of Rhode Island, Inc.· 84 days on PropertySimple

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

237 Cowden Street, Central Falls, RI 02863

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