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$770,000
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Property Description
Investment opportunity! A high-cash-flow 5-unit multi-family property split between a 2-unit and a 3-unit building located at 511-517 High St in Central Falls, Rhode Island. All five units are in excellent, turnkey condition with strong, established tenants providing reliable immediate income for the new owner. Current rents are solid but still under market value. Its highly desirable location is close to major commuter routes, local amenities, and the upcoming Pawtucket/Central Falls Transit Hub, making it very appealing to renters. This well-maintained asset is perfect for the serious investor seeking both stable current income and significant near-term equity growth. Do not miss this chance to acquire a prime investment property in a rapidly growing market. Selling in conjuction with MLS 1400827.
Full Property Details
Full Property Details for 511 High St
General
- Price: $770,000
- Taxes: $7,970 (2025)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1400829
- Updated: 1/5/2026
- Added to Site: 51 day(s) ago
Interior
- Number of Rooms: 10
- Appliances: Gas Water Heater
- Flooring: Ceramic Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: No Garage
Location
- County: Providence
- Near Highway: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard, Gas
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 2
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
- Stories/Levels: 0
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.1498
- Lot Size (Sq. Ft.): 6,524
- Lot Size: 6524
Financial Considerations
- Tax Amount: $7,970
- Tax Year: 2025
Disclosures and Reports
- Property ID: 511HIGHSTCFLS
- Lot Number: 104
Listed by RE/MAX Impact
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Schools
Schools serving 511 High 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 | 0.7 mi |
Ella Risk School 949 Dexter Street, Central Falls, RI 02863 | 1-4 | 0.8 mi |
Calcutt Middle School 112 Washington Street, Central Falls, RI 02863 | 5-8 | 0.5 mi |
Central Falls Sr High School 24 Summer Street, Central Falls, RI 02863 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 511 High St
Date
Details
Price
Change
Source
12/29/2025
Price Reduced
$770,000
-1.16%
MLS
11/25/2025
Listed
$779,000
—
MLS
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 511 High St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,970
9%
$603,300
55%
2024
$7,338
1%
$390,100
—
2023
$7,236
6%
$390,100
—
2022
$6,811
214%
$390,100
80%
2021
$2,172
—
$216,700
—
2020
$2,165
-48%
$216,700
36%
2018
$4,183
—
$159,000
—
2017
$4,183
1%
$159,000
—
2016
$4,123
12%
$159,000
19%
2015
$3,694
1%
$133,700
—
2014
$3,645
6%
$133,700
—
2013
$3,439
—
$133,700
—
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 511 High St
511 High Street, Central Falls, RI 02863 (MLS# 1400829) is a Apartment property with 4 bedrooms and 2 full bathrooms. 511 High Street is currently listed for $770,000 and was received on November 25, 2025. Want to learn more about 511 High Street? Do you have questions about finding other Apartment 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.

