Turnkey 5-Unit Apartment Building

237 Cowden Street, Central Falls, RI 02863

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For Sale

$1,200,000

Fully renovated 5-unit building with new major systems and refreshed kitchens and baths, built for low-maintenance operation.

Type:Commercial

HighLights

Fully renovated 5‑unit multifamily building with major systems replaced, including plumbing, electrical, HVAC, and insulation.
Unit mix: four 2‑bedroom/1‑bath units and one 4‑bedroom/2‑bath unit.
Updated kitchens and bathrooms throughout the entire 100% renovated building.
Low‑maintenance, stabilized property with reduced deferred maintenance and near‑term capital expenditure needs.
Convenient to schools, parks, restaurants, shopping, public transportation, and major employment centers.

We can help!

Listing Contact

Tomas Pelaez

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For Sale

$1,200,000

Fully renovated 5-unit building with new major systems and refreshed kitchens and baths, built for low-maintenance operation.

Type:Commercial

Added:: Jun 9, 2026
Days on Market:: 7
Last Refresh:: Jun 13 at 2:51 am

Property Features for 237 Cowden Street

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

Tomas Pelaez

Listing agent Tomas Pelaez

Listing office Keller Williams Leading Edge

Listing date Jun 9, 2026

Source Liongatere

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Leading Edge

HighLights

Fully renovated 5‑unit multifamily building with major systems replaced, including plumbing, electrical, HVAC, and insulation.
Unit mix: four 2‑bedroom/1‑bath units and one 4‑bedroom/2‑bath unit.
Updated kitchens and bathrooms throughout the entire 100% renovated building.
Low‑maintenance, stabilized property with reduced deferred maintenance and near‑term capital expenditure needs.
Convenient to schools, parks, restaurants, shopping, public transportation, and major employment centers.

Overview

This turnkey 5-unit apartment building has been fully renovated with major capital improvements completed, including new plumbing, electrical, HVAC, and insulation. Unit interiors include renovated kitchens and bathrooms throughout, supporting a ready-to-operate residential income configuration. The building’s current mix consists of four 2-bedroom, 1-bath units and one 4-bedroom, 2-bath unit.

The property is located in Central Falls, Rhode Island, and the surrounding area is described as close to schools, parks, restaurants, shopping, public transportation, and major employment centers. Access to these nearby daily conveniences can be a practical factor for tenant appeal and day-to-day living.

For investors or operators, the completed renovations and replacement of major systems are designed to reduce deferred maintenance and near-term capital expenditure risk. With all major improvements addressed and the units already refreshed, the building can be a straightforward fit for buyers seeking a stabilized multifamily asset with manageable operational demands and a clear unit mix for a range of household sizes.

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Local Demand

City: Central Falls
County: Providence
State: Rhode Island
Longitude: -71.394157
Latitude: 41.8894847

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Turnkey 5-Unit Multifamily Building

Fully renovated 5-unit apartment building with updated major systems and four 2-bedroom units plus one 4-bedroom unit.

237 Cowden Street, Central Falls, RI 02863

View Details

For sale
Apartment buildings
RI
Central Falls
02863
237 Cowden Street

What type of property is this?

Apartment building - Fully renovated 5-unit building with new major systems and refreshed kitchens and baths, built for low-maintenance operation.

Where is this apartment building located?

The property is located at 237 Cowden Street Central Falls, RI.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Fully renovated 5‑unit multifamily building with major systems replaced, including plumbing, electrical, HVAC, and insulation.; Unit mix: four 2‑bedroom/1‑bath units and one 4‑bedroom/2‑bath unit.; Updated kitchens and bathrooms throughout the entire 100% renovated building.