High-Cash-Flow Multifamily Investment
For Sale
$750,000
Pending
517 High, Central Falls, RI 02863
Five units in excellent condition with reliable income and growth potential.
Property SizeContact for details
Days on Market272
Property Features for 517 High
General Information
Standard status
Pending
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,970
Building Details
Year Built
1900
Listing Agency:
RE/MAX IMPACT
(508) 717-3070
Listed By:
WILLIAM KUPHAL · License #9570629
Source:
Corcoran
Added: Nov 13, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:56AM
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 RE/MAX IMPACT
Investment Insights
Based on property information with market context.
Located at 511-517 High St in Central Falls, Rhode Island, this investment opportunity features a high-cash-flow, 5-unit multi-family property. The property is split between a 2-unit building and a 3-unit building. All five units are in excellent, turnkey condition with strong, established tenants, providing reliable immediate income. Current rents are solid but still under market value. The location is highly desirable, close to major commuter routes and local amenities. The property is also near the upcoming Pawtucket/Central Falls Transit Hub, making it appealing to renters. This well-maintained asset is suitable for investors seeking stable current income and significant near-term equity growth.
Key Highlights
- High‑cash‑flow investment property with 5 units in excellent, turnkey condition
- Strong, established tenants providing reliable immediate income
- Rents are currently under market value, offering potential for increased income
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,547
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 - Five units in excellent condition with reliable income and growth potential.
Where is this apartment building located?
The property is located at 517 High Central Falls, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑cash‑flow investment property with 5 units in excellent, turnkey condition; Strong, established tenants providing reliable immediate income; Rents are currently under market value, offering potential for increased income
