Commercial,Commercial Sale at 29 Mowry Street, Central Falls
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$850,000

29 Mowry Street
Central Falls, RI 02863
Listed by The ALBA Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

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!

Property details

MLS #
1418803
Property type
Commercial,Commercial Sale
Subdivision
N/A
Status
Active
Days on market
10
On market date
July 26, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
10
Lot size
5,000 sqft
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Veterans Memorial Elementary
0.27 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
366
Student:teacher ratio
11.8:1
District
Central Falls
MiddleCharter
Segue Inst for Learning
0.23 mi away · Grades 3-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
275
Student:teacher ratio
14.5:1
District
Segue Institute for Learning
High
Central Falls Sr High
0.31 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
804
Student:teacher ratio
17.1:1
District
Central Falls

Walkability

Blended score for Central Falls's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

81
Highly walkable
out of 100
EPA National Walkability Index
13.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores18
Parks16
Schools17
Transit stops20
Pharmacies6

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,269/mo
$170,000 down
$680,000 loan
Principal & interest$4,410
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated August 6, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.