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Investment Highlights

  • Rhode Island’s fastest-evolving communities
  • strong cash-flowing asset
  • convenience of 8-10 off-street parking spaces, a valuable amenity for both tenants and future owners.
  • well-maintained 6-unit multifamily property
  • Each of the six spacious units features 2 bedrooms and 1 full bathroom, providing a highly desirable layout for today’s rental market
  • Ideally located just minutes from I-95, the Blackstone Valley commuter rail station, restaurants, shopping, schools, parks

Executive Summary

Exceptional investment opportunity in one of Rhode Island’s fastest-evolving communities! This well-maintained 6-unit multifamily property offers investors a rare chance to acquire a strong cash-flowing asset in the heart of Central Falls, a city experiencing continued revitalization, economic investment, and long-term growth. Each of the six spacious units features 2 bedrooms and 1 full bathroom, providing a highly desirable layout for today’s rental market. All utilities are separately metered, helping simplify management and reduce operating expenses. The property also offers the convenience of 8-10 off-street parking spaces, a valuable amenity for both tenants and future owners. Ideally located just minutes from I-95, the Blackstone Valley commuter rail station, restaurants, shopping, schools, parks, and the exciting community improvements taking place throughout Central Falls, this property is well-positioned to benefit from the city’s ongoing momentum. With strong rental demand, limited multifamily inventory, and continued public and private investment in the area, this is an outstanding opportunity for both seasoned investors and those looking to grow their portfolio with a high-performing asset. Don’t miss your chance to own a solid income-producing property in a community that continues to flourish and create new opportunities. Schedule your private showing today!

Financial Summary (Actual - 2025)

Annual Annual Per SF
Taxes $7,980 $2.15
Operating Expenses - -
Total Expenses $7,980 $2.15

Financial Summary (Actual - 2025)

Taxes
Annual $7,980
Annual Per SF $2.15
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $7,980
Annual Per SF $2.15

Property Facts

Price $850,000
Price Per Unit $141,667
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Building Size 3,720 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900
Opportunity Zone Yes
Zoning Residential - Residential- Multifamily

Amenities

Unit Amenities

  • Kitchen
  • Refrigerator
  • Range

Site Amenities

  • Fenced Lot
  • Public Transportation
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 - 744
2+1 2 - 744
2+1 3 - 372
2+1 4 - 744
2+1 5 - 744
2+1 6 - 372
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
CENT-000008-000000-000062
Land Assessment
$105,000
Improvements Assessment
$499,100
Total Assessment
$604,100
Annual Taxes
$7,980 ($2.15/SF)
Tax Year
2025
  • Listing ID: 41544014

  • Date on Market: 8/4/2026

  • Last Updated:

  • Address: 29 Mowry St, Central Falls, RI 02863

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