# 237 Cowden Street, Central Falls, RI 02863

> **TL;DR:** commercial, $1,050,000, built 1900.
> A/C. Est. $5,615/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,050,000 |
| Year Built | 1900 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $5,309 |
| Estimated Insurance | $306 |
| **Total** | **$5,615** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.10 acre lot
- 5 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 237 Cowden Street, Central Falls, RI 02863
- **County:** Providence
- **Coordinates:** 41.889535, -71.394171
- **Google Maps:** https://www.google.com/maps?q=41.889535,-71.394171

## Listing Agent

- **Name:** Tomas Pelaez
- **Brokerage:** Keller Williams Realty Leading Edge
- **Phone:** 2036132629
- **Broker Phone:** (401) 333-4900

## Photos

![237 Cowden Street - Photo 1](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1778165205r.jpg)

![237 Cowden Street - Photo 2](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f128895677r.jpg)

![237 Cowden Street - Photo 3](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2278757521r.jpg)

![237 Cowden Street - Photo 4](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f3326161309r.jpg)

![237 Cowden Street - Photo 5](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f156244376r.jpg)

![237 Cowden Street - Photo 6](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2324091262r.jpg)

![237 Cowden Street - Photo 7](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f3626803493r.jpg)

![237 Cowden Street - Photo 8](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1706212894r.jpg)

![237 Cowden Street - Photo 9](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f435701839r.jpg)

![237 Cowden Street - Photo 10](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1909944142r.jpg)

![237 Cowden Street - Photo 11](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2886429035r.jpg)

![237 Cowden Street - Photo 12](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f902585237r.jpg)

![237 Cowden Street - Photo 13](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1852575686r.jpg)

![237 Cowden Street - Photo 14](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1399881855r.jpg)

![237 Cowden Street - Photo 15](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2869719179r.jpg)

![237 Cowden Street - Photo 16](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2780452838r.jpg)

![237 Cowden Street - Photo 17](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f732137494r.jpg)

![237 Cowden Street - Photo 18](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1765359209r.jpg)

![237 Cowden Street - Photo 19](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f4141343722r.jpg)

![237 Cowden Street - Photo 20](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f23435782r.jpg)

![237 Cowden Street - Photo 21](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f251818267r.jpg)

![237 Cowden Street - Photo 22](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f3903371867r.jpg)

![237 Cowden Street - Photo 23](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2906448426r.jpg)

![237 Cowden Street - Photo 24](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f3687343159r.jpg)

![237 Cowden Street - Photo 25](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2071756755r.jpg)

![237 Cowden Street - Photo 26](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2493922690r.jpg)

![237 Cowden Street - Photo 27](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f4200978295r.jpg)

![237 Cowden Street - Photo 28](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1234099484r.jpg)

![237 Cowden Street - Photo 29](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1316400473r.jpg)

![237 Cowden Street - Photo 30](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f57101395r.jpg)

![237 Cowden Street - Photo 31](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1206253190r.jpg)

![237 Cowden Street - Photo 32](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f574823321r.jpg)

![237 Cowden Street - Photo 33](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1702655767r.jpg)

![237 Cowden Street - Photo 34](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2112096534r.jpg)

![237 Cowden Street - Photo 35](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1686390664r.jpg)

![237 Cowden Street - Photo 36](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f954084463r.jpg)

![237 Cowden Street - Photo 37](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f217279120r.jpg)

![237 Cowden Street - Photo 38](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f188596745r.jpg)

![237 Cowden Street - Photo 39](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f2575924252r.jpg)

![237 Cowden Street - Photo 40](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f3935296020r.jpg)

![237 Cowden Street - Photo 41](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1556455056r.jpg)

![237 Cowden Street - Photo 42](http://lh.rdcpix.com/7ff86a9d51771a637536d7bdb3f85a99l-f1534601928r.jpg)

---

**MLS#:** 1424820 | **Updated:** 2026-09-30
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/237-cowden-street-central-falls-ri-02863-1424820)

---

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      "@id": "https://www.propertysimple.ai/listing/237-cowden-street-central-falls-ri-02863-1424820#agent"
    }
  },
  "provider": {
    "@type": "Person",
    "@id": "https://www.propertysimple.ai/listing/237-cowden-street-central-falls-ri-02863-1424820#agent",
    "name": "Tomas Pelaez",
    "telephone": "2036132629",
    "worksFor": {
      "@type": "Organization",
      "@id": "https://www.propertysimple.ai/listing/237-cowden-street-central-falls-ri-02863-1424820#brokerage",
      "name": "Keller Williams Realty Leading Edge",
      "telephone": "(401) 333-4900"
    }
  }
}
```