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29 Mowry St 6 Unit Apartment Building $850,000 ($141,667/Unit) Central Falls, RI 02863



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
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 |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | CENT-000008-000000-000062 | Total Assessment | $604,100 |
| Land Assessment | $105,000 | Annual Taxes | $7,980 ($2.15/SF) |
| Improvements Assessment | $499,100 | Tax Year | 2025 |
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
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