3-Unit
36 Cowden Street, Central Falls, RI 02863
For Sale
New
$480,000
A three-family property in Central Falls offers rental income potential.
Property Size3,076 SF
Price / SF$156.05
Days on Market4
Property Features for 36 Cowden Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
eXp Realty
(888) 315-3445
Listed By:
Slocum Home Team · License RI #38011
(401) 593-1129
Source:
Lockandkeyre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:21PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains three residential units within a 3,076-square-foot property. The building dates to 1900 and is located on Cowden Street in Central Falls, Rhode Island.
Key Highlights
- Three residential units
- 3,076 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,648
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,960
$813.0K
Cap Rate 7%
$580,686
$580.7K
Cap Rate 9%
$451,644
$451.6K
Market Conditions
NOI Build-Up for 3,076 SF
Gross rent
$78.6K $25.56/SF
− Vacancy
−$4.7K −$1.53/SF
EGI
$73.9K $24.03/SF
− OpEx
−$33.3K −$10.81/SF
NOI
$40.6K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,960
Cap Rate 7%
$580,686
Cap Rate 9%
$451,644
Alternative Uses
Best Use
Multifamily LT 5
$731.7K
$640.2K – $853.6K
NOI $51,217 @ 7.0% cap · market cap 10.67%
Second Best
Apartment 5plus
$580.7K
$508.1K – $677.5K
NOI $40,648 @ 7.0% cap · market cap 8.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,011
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
$300,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Providence County, RI
Properties on Market for Triplexes in Providence County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A three-family property in Central Falls offers rental income potential.
Where is this triplex located?
The property is located at 36 Cowden Street Central Falls, RI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Three residential units; 3,076 square feet; Built in 1900
