Renovated 5-Unit Apartment
For Sale
$1,150,000
237 Cowden Street, Central Falls, RI 02863
Commercial/Business,Commercial Sale, Central Falls, RI
Property SizeContact for details
Lot Size0.10 Acres
Days on Market83
Property Features for 237 Cowden Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
5
Interior features
Ceiling Height (7 to 9 Ft)
Basement
Full
Lot features
Urban
Standard status
Active
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7352
Utilities
Utilities
Water Available
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
3
Number of units
1
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Tomas Pelaez
(203) 613-2629
Added: Jun 9
Changed: Aug 17
Last Checked: Aug 30 at 10:06AM
MLS# 1414946
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.
Investment Insights
Based on property information with market context.
This five-unit apartment property includes four two-bedroom, one-bath residences and one four-bedroom, two-bath residence. The building has undergone a full renovation, with improvements to plumbing, electrical service, HVAC, insulation, kitchens, and bathrooms. Interior features include a basement and ceiling heights ranging from 7 to 9 feet. Heating is provided by forced air, while cooling is supported by window units.
Built in 1900, the property occupies 0.1 acres in Central Falls, Rhode Island. Water is available, and the surrounding area includes schools, parks, restaurants, shopping, public transportation, and major employment centers. The location and unit mix provide a clear profile for multifamily ownership.
Built in 1900, the property occupies 0.1 acres in Central Falls, Rhode Island. Water is available, and the surrounding area includes schools, parks, restaurants, shopping, public transportation, and major employment centers. The location and unit mix provide a clear profile for multifamily ownership.
Key Highlights
- Five residential units: four 2‑bedroom, 1‑bath units and one 4‑bedroom, 2‑bath unit
- 100% renovated with updated plumbing, electrical, HVAC, insulation, kitchens, and bathrooms
- 0.1‑acre property in Central Falls, RI
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated residential asset with four two-bedroom units, one four-bedroom unit, and refreshed building systems.
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 $1,150,000.
What are key features of this property?
This property features: Five residential units: four 2‑bedroom, 1‑bath units and one 4‑bedroom, 2‑bath unit; 100% renovated with updated plumbing, electrical, HVAC, insulation, kitchens, and bathrooms; 0.1‑acre property in Central Falls, RI
