Price improvement! 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.
Pending
$750,000
511 High St, Central Falls, RI 02863
4beds
1,900sqft
Multi Family
Built in 1900
-- sqft lot
$731,800 Zestimate®
$395/sqft
$-- HOA
What's special
- 217 days |
- 6 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
William Kuphal 508-916-8087,
RE/MAX Impact
Source: StateWide MLS RI,MLS#: 1400829
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Ceramic Tile, Vinyl
- Basement: Full,Interior and Exterior,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
- Total interior livable area: 1,900 sqft
Property
Parking
- Parking features: No Garage
Lot
- Size: 6,525 Square Feet
Details
- Parcel number: CENTM01P104
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Individual Meter
- Sewer: Public Sewer
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Highway Access, Hospital, Interstate, Public School, Restaurants, Near Shopping
HOA
- Has HOA: No
Location
- Region: Central Falls
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $603,300
- Annual tax amount: $7,970
- Date on market: 11/25/2025
- Total actual rent: 3000
- Tenant pays: Heat
Estimated market value
$731,800
$695,000 - $768,000
$2,011/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/3/2026 | Pending sale | $750,000$395/sqft |
Source:  StateWide MLS RI #1400829 Report a problem | ||
| 1/21/2026 | Price change | $750,000-2.6%$395/sqft |
Source: StateWide MLS RI #1400829 Report a problem | ||
| 12/29/2025 | Price change | $770,000-1.2%$405/sqft |
Source: StateWide MLS RI #1400829 Report a problem | ||
| 11/25/2025 | Listed for sale | $779,000-8.2%$410/sqft |
Source: StateWide MLS RI #1400829 Report a problem | ||
| 7/1/2025 | Listing removed | $849,000$447/sqft |
Source: StateWide MLS RI #1379863 Report a problem | ||
| 3/14/2025 | Listed for sale | $849,000+88.7%$447/sqft |
Source: StateWide MLS RI #1379863 Report a problem | ||
| 10/7/2024 | Listing removed | $450,000$237/sqft |
Source: StateWide MLS RI #1365515 Report a problem | ||
| 8/28/2024 | Price change | $450,000-10%$237/sqft |
Source: StateWide MLS RI #1365515 Report a problem | ||
| 8/10/2024 | Price change | $500,000-16.7%$263/sqft |
Source: StateWide MLS RI #1365515 Report a problem | ||
| 8/6/2024 | Listed for sale | $600,000$316/sqft |
Source: StateWide MLS RI #1365515 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,970 +8.6% | $603,300 +54.7% |
| 2024 | $7,338 +7.7% | $390,100 |
| 2023 | $6,811 | $390,100 |
| 2022 | $6,811 +32.3% | $390,100 +80% |
| 2021 | $5,149 +137.1% | $216,700 |
| 2020 | $2,172 -4% | $216,700 |
| 2019 | $2,263 +488.1% | $216,700 +36.3% |
| 2018 | $385 -90.8% | $159,000 |
| 2017 | $4,183 +1.5% | $159,000 |
| 2016 | $4,123 +11.6% | $159,000 +18.9% |
| 2015 | $3,694 +1.3% | $133,700 |
| 2014 | $3,645 +6% | $133,700 |
| 2013 | $3,439 +3.2% | $133,700 +820.8% |
| 2012 | $3,332 +4.2% | $14,520 -90% |
| 2011 | $3,199 +14.6% | $145,200 |
| 2010 | $2,791 -16.9% | $145,200 -53.4% |
| 2009 | $3,358 +2.3% | $311,500 |
| 2008 | $3,283 +4.1% | $311,500 +35.8% |
| 2006 | $3,155 +5.5% | $229,300 |
| 2005 | $2,990 | $229,300 |
| 2004 | $2,990 +41.6% | $229,300 +157.9% |
| 2003 | $2,111 | $88,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 02863
Nearby schools
GreatSchools rating
- 4/10Veterans Memorial Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10Calcutt Middle SchoolGrades: 6-8Distance: 0.5 mi
- 1/10Central Falls Sr High SchoolGrades: 9-12Distance: 0.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
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