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$1,175,000

  • For Sale
  • Active
  • Commercial
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Turnkey 5-Unit Multifamily Investment Fully renovated 5-unit apartment building with all major capital improvements completed, including new plumbing, electrical, HVAC, insulation, kitchens, and bathrooms. Investors can benefit from minimal deferred maintenance and reduced capital expenditure risk for years to come. Located in a high-demand rental market near schools, parks, restaurants, shopping, public transportation, and major employment centers, supporting strong occupancy and tenant retention. Investment Highlights: 5 residential units 4 2 bedroom 1 bath 1 4 bedroom 2 bath 100% renovated building New major systems throughout Low-maintenance asset Strong rental demand location Ideal for cash flow and long-term appreciation A rare opportunity to acquire a stabilized, turnkey multifamily property. Perfect for investors seeking reliable income with limited near-term capital requirements.

Full Property Details for 237 Cowden St

General

  • Price: $1,175,000
  • Taxes: $7,351 (2025)
  • Status: Active
  • Type: Commercial
  • Source: STWMLS
  • MLS ID: 1414946
  • Updated: 7/9/2026
  • Added to Site: 49 day(s) ago

Business

  • Business Type: Residential

Rooms

Other Rooms

  • Laundry: Common Area

Parking

  • Total Spaces: 5

Location

  • County: Providence

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: 237COWDENSTCFLS
  • Lot Number: 269

Listed by Keller Williams Leading Edge

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— 237 Cowden St —

  • Keller Williams Leading Edge

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 237 Cowden St

School District:Central Falls School District
NameGradesDistance
Veterans Memorial Elementary School, Central Falls, RI
150 Fuller Avenue, Central Falls, RI 02863
1-40.1 mi
Ella Risk School
949 Dexter Street, Central Falls, RI 02863
1-40.3 mi
Calcutt Middle School
112 Washington Street, Central Falls, RI 02863
5-80.1 mi
Central Falls Sr High School
24 Summer Street, Central Falls, RI 02863
9-120.2 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/09/2026
Price Reduced
$1,175,000
-2.08%
MLS
6/09/2026
Listed
$1,200,000
105.13%
MLS
6/03/2024
Sold
$585,000
—
Public Record
Get Price Alerts and Save Property
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 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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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237 Cowden Street, Central Falls, RI 02863 (MLS# 1414946) is a Commercial property. 237 Cowden Street is currently listed for $1,175,000 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.

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