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$900,000 Just Listed

  • For Sale
  • Active
  • Commercial
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Attractive 6-unit multi-family investment opportunity in the heart of Central Falls. This property offers a strong, versatile unit mix of three 2-bedroom units, two 1-bedroom units, and one 3-bedroom unit, appealing to a broad range of renters and supporting steady demand. Additional income comes from the on-site coin-operated washer and dryer, a convenient tenant amenity that generates ongoing revenue. Off-street parking is a valuable feature in this dense, walkable neighborhood and helps keep units in demand. Central Falls offers convenient access to Pawtucket, Providence, and major commuter routes, with shops, restaurants, parks, and public transportation close by. Whether you're an experienced investor looking to expand your portfolio or a newer buyer seeking a multi-unit with built-in cash flow, this property is an excellent opportunity to add value and build long-term equity. Buyer to verify all information, including rents, expenses, and unit details. Schedule your showing today!

Full Property Details for 48 School St #44

General

  • Price: $900,000
  • Taxes: $8,839 (2025)
  • Status: Active
  • Type: Commercial
  • Source: STWMLS
  • MLS ID: 1424530
  • Updated: 10/7/2026
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Residential

Rooms

Other Rooms

  • Laundry: Common Area, Laundry Room

Additional Information

  • Security/Safety: Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, Fire Escape, Smoke Detector(s), Varies By Unit

Parking

  • Total Spaces: 4

Location

  • County: Providence
  • Near Highway: Yes

Community

  • Units Assoc/Comm: 5

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Connected, Public Sewer, Sanitary
  • Water: Connected, Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: 3
  • Year Built: 1900

Unit Information

  • Vacancy %: 90

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,792
  • Lot Size: 4792
  • Street Lights: Yes
  • Sidewalks: Yes
  • Lot Features: Corner Lot
  • Potential Use: Residential

Financial Considerations

  • Tax Amount: $8,839
  • Tax Year: 2025
  • Owner Pays: Grounds Care, Pest Control, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Heat, Hot Water

Disclosures and Reports

  • Property ID: 48SCHOOLST44CFLS
  • Lot Number: 447

Listed by Rise Rec

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Listing agent

— 48 School St #44 —

  • Rise Rec

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 48 School St #44

School District:Central Falls School District
NameGradesDistance
Ella Risk School
949 Dexter Street, Central Falls, RI 02863
1-40.2 mi
Veterans Memorial Elementary School, Central Falls, RI
150 Fuller Avenue, Central Falls, RI 02863
1-40.2 mi
Calcutt Middle School
112 Washington Street, Central Falls, RI 02863
5-80.2 mi
Central Falls Sr High School
24 Summer Street, Central Falls, RI 02863
9-120.4 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 48 School St #44 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$900,000
100%
MLS
9/16/2024
Sold
$450,000
—
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 48 School St #44

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,249
6%
$427,200
15%
2024
$9,699
5%
$372,600
—
2023
$9,218
—
$372,600
—
2022
$9,196
3%
$372,600
5%
2021
$8,947
—
$354,900
—
2020
$8,979
-19%
$354,900
-13%
2018
$11,125
2%
$407,500
—
2017
$10,888
1%
$407,500
—
2016
$10,738
10%
$407,500
13%
2015
$9,731
—
$361,900
—
2014
$9,750
—
$361,900
—
2013
$9,717
—
$361,900
—
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.

Estimate the Cost for 48 School St #44

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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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Listed by Rise Rec

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48 School Street #44, Central Falls, RI 02863 (MLS# 1424530) is a Commercial property. 48 School Street #44 is currently listed for $900,000 and was received on October 07, 2026. Want to learn more about 48 School Street #44? 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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