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6-Unit Apartment Building
For Sale
$900,000

48 School Street 44, Central Falls, RI 02863

A varied bedroom mix, coin-operated laundry, and off-street parking serve the property’s residential use.

Property SizeContact for details
Days on Market26

Property Features for 48 School Street 44

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 3 x 2BR, 2 x 1BR, 1 x 3BR
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $14,552

Amenities

on-site coin-operated washer and dryer
off-street parking

Building Details

Year Built 1900
Listing Agency: Premiere Properties /Sea Glass
Listed By: Premiere Properties | Sea Glass
Source: Pooleproperties
Added: Oct 7 Changed: Oct 30 Last Checked: Oct 30 at 2:33PM

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 Premiere Properties /Sea Glass

Rey
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Investment Insights

Based on property information with market context.

This 6-unit apartment property was built in 1900 and contains three 2-bedroom units, two 1-bedroom units, and one 3-bedroom unit. Shared coin-operated laundry and off-street parking are also part of the property. The range of unit sizes provides distinct residential layouts within one building, while the laundry equipment offers an additional on-site amenity.

In Central Falls, the property has access to Pawtucket, Providence, and major commuter routes. Shops, restaurants, parks, and public transportation are nearby. The combination of a varied unit mix, laundry facilities, and off-street parking defines the property’s existing configuration.

Key Highlights

  • Six apartments: three 2‑bedroom units, two 1‑bedroom units, and one 3‑bedroom unit
  • Built in 1900
  • On‑site coin‑operated washer and dryer

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

981
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A varied bedroom mix, coin-operated laundry, and off-street parking serve the property’s residential use.
Where is this apartment building located?
The property is located at 48 School Street 44 Central Falls, RI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six apartments: three 2‑bedroom units, two 1‑bedroom units, and one 3‑bedroom unit; Built in 1900; On‑site coin‑operated washer and dryer
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