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48 School Street 44 Central Falls, RI $ 900,000
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48 School Street 44
$ 900,000
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48 School Street 44

Central Falls, RI, 02863
$ 900,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,216

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Commercial Property for sale in Central Falls, RI

for $900,000. This building was built in 1900 on a lot size of 0.11.

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!

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Commercial Active

Price

$ 900,000

Property Type

Commercial

Taxes

$ 14,552

Style

Lot Size

0.11

Year Built

1900

Town/City

Central Falls

County/Region

Providence

MLS | Web ID

1424530
Features
General
Sewer Connected Public Sewer Sanitary
Heating Baseboard
Cooling None
Utilities Cable Available Electricity Available Fiber Optic Available Natural Gas Available Natural Gas Connected Phone Available Sewer Connected
Possession Close Plus 45 to 90 Days Close Through 45 Days
Security Features Closed Circuit Camera(s) Carbon Monoxide Detector(s) Fire Alarm Fire Escape Smoke Detector(s) Varies By Unit
Construction Materials Frame
Year Built 1900
Electric 220 Volts
Tenant Pays Electricity Gas Heat Hot Water
Stories Count 3
Levels Three Or More
Unit Number 44
Property Subtype Commercial
Tax Year 2025
Business Type Residential
Community Features Highway Access Near Schools Public Transportation Recreation Area Restaurant Shopping Sidewalks Street Lights
County Providence
New Construction false
Property Type Commercial Sale
Possible Use Residential
Status Active
City Central Falls
Number Of Units Total 6
Lot Size Units Square Feet
Lot Size Square Feet 4792
Number of Units Leased 5
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 14552
Trash Expense 3480
Water Sewer Expense 5400
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 669100
Tax Lot 447
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Interior
Basement Full
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Laundry Features Common Area Laundry Room
Total Baths 0
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Exterior
Lot Features Corner Lot
Water Source Connected Public
Total Parking 4
Lot Size Area 4792
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 0
Lot Size Acres 0.11
Road Surface Type Asphalt
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* Excluded Features
List By
Rise Rec

Broker

yvonne@riserec.com

Email

Affordability Calculator

$7,429
Per Month
84%
16%
0%
Monthly Principal & Interest
$6,216
Monthly Property Taxes
$1,213
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
10/7/2026$900,000 Listed Price

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48 School Street 44, Central Falls, RI, 02863 is a Commercial Property for sale at $900,000 with a lot size of 0.11. 48 School Street 44 was built in 1900. The property's zip code is 02863 which is in Central Falls, RI

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