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$1,200,000 Just Listed
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Property Description
Turnkey 5-Unit Multifamily Investment Property Exceptional opportunity to acquire a fully renovated 5-unit residential property offering strong income potential and minimal maintenance requirements. The building has undergone extensive upgrades, including all new plumbing, electrical systems, HVAC equipment, insulation, kitchens, and bathrooms, providing modern comfort and efficiency throughout. Each unit features updated finishes, contemporary layouts, and quality craftsmanship designed to attract and retain tenants. The property's comprehensive renovations significantly reduce future capital expenditure needs, making it an ideal investment for both experienced and first-time multifamily owners. Conveniently located near schools, parks, restaurants, shopping, public transportation, and essential services, the property benefits from strong neighborhood demand and excellent accessibility. Residents enjoy a walkable lifestyle with everyday amenities just minutes away. Whether you're seeking a stable cash-flowing asset or a long-term appreciation opportunity, this turnkey multifamily property offers the perfect combination of location, condition, and investment potential.
Full Property Details
Full Property Details for 237 Cowden St
General
- Price: $1,200,000
- Taxes: $7,351 (2025)
- Status: Active
- Type: Commercial
- Source: STWMLS
- MLS ID: 1414946
- Updated: Today (6/9/2026)
- Added to Site: Today
Business
- Business Type: Residential
Rooms
Other Rooms
- Laundry: Common Area
Parking
- Total Spaces: 5
Location
- County: Other
Community
- Units Assoc/Comm: 5
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless, Window Unit(s)
- Heating Type: Forced Air
Utilities
- Sewer: Connected
- Water: Connected, Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Available, Sewer Connected, Water Availa
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 3
- Year Built: 1900
Lot Features
- Lot Size (Sq. Ft.): 4,356
- Lot Size: 4356
- Street Lights: Yes
Financial Considerations
- Tax Amount: $7,351.96
- Tax Year: 2025
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Sewer, Taxes, Trash Collection, Water
Disclosures and Reports
- Property ID: 237COWDENSTOTHR
- Lot Number: 269
Listed by Keller Williams Leading Edge
Get Pre-Approved Today
Schools
Schools serving 237 Cowden St
School District:Central Falls School District
| Name | Grades | Distance |
|---|---|---|
Veterans Memorial Elementary School, Central Falls, RI 150 Fuller Avenue, Central Falls, RI 02863 | 1-4 | 0.1 mi |
Ella Risk School 949 Dexter Street, Central Falls, RI 02863 | 1-4 | 0.3 mi |
Calcutt Middle School 112 Washington Street, Central Falls, RI 02863 | 5-8 | 0.1 mi |
Central Falls Sr High School 24 Summer Street, Central Falls, RI 02863 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 237 Cowden St
Date
Details
Price
Change
Source
6/09/2026
Listed
$1,200,000
105.13%
MLS
6/03/2024
Sold
$585,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 237 Cowden St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,178
6%
$543,400
51%
2024
$6,770
1%
$359,900
—
2023
$6,676
6%
$359,900
—
2022
$6,284
27%
$359,900
73%
2021
$4,956
—
$208,600
—
2020
$4,942
-4%
$208,600
—
2019
$5,165
30%
$208,600
38%
2018
$3,973
—
$151,000
—
2017
$3,973
1%
$151,000
—
2016
$3,915
-5%
$151,000
1%
2015
$4,125
1%
$149,300
—
2014
$4,070
6%
$149,300
—
2013
$3,840
—
$149,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 237 Cowden St
237 Cowden Street, Central Falls, RI 02863 (MLS# 1414946) is a Commercial property. 237 Cowden Street is currently listed for $1,200,000 and was received on June 09, 2026. Want to learn more about 237 Cowden Street? Do you have questions about finding other Commercial real estate for sale in Central Falls? You can browse all Central Falls real estate or contact a Coldwell Banker agent to request more information.

