$770,000
Price
4
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,...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. Open House on Saturday January 3rd 12:00 - 1:00PM.
  1. Listed by William Kuphal • Brokerage DRE #REB.0019469 • RE/MAX Impact
    P: (508)-916-8087 willkrealestate@gmail.com

Amenities

  • Air Conditioning
  • Baseboard Heating
  • Basement
  • Ceramic Floors
  • Full Basement
  • Gas Heat
  • Hot Water Heating
  • Vinyl Floors

Open Houses

Saturday, Jan 3rd

12:00 PM - 1:00 PM

Public

LISTING UPDATED: 12/29/2025 01:05 PM

Property Details for 511 High Street

StatusActive
MLS #1400829
Days on Market37
Taxes$7,970 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.15 AC / 6,524 SF
CountyProvidence County

Location

Listing Courtesy of RE/MAX Impact
Add your commute

Building Information for 511 High Street

Stories-Residences2Year Built1900Building Size-Lot Size0.15 AC / 6,524 SF

Payment Calculator

$4,469 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,805

Property Taxes

$664

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 High Street

Summary
Location and General Information
  • City: Central Falls
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
  • Postal City: Central Falls
  • Postal Code: 02863
  • State Or Province: RI
  • Zoning: R-2
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $7,970.00
  • Tax Assessed Value: 613300
  • Tax Block: 000
  • Tax Lot: 104
  • Tax Map Number: 001
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Fin SQFT: 0.0
  • Building Area Total: 0.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1498
  • Lot Size Area: 6524.0
  • Lot Size Square Feet: 6524.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 511HIGHSTCFLS
  • Stories Total: 0
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1900
Utilities
  • Electric: Separate Meters
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Vinyl
  • Heating: Baseboard, Gas
  • Heating Y N: Yes
  • Rooms Total: 10
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1,400.00
  • Type: TwoBedroom
  • Unit Type Area: 950.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,600.00
  • Type: TwoBedroom
  • Unit Type Area: 950.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 511 High Street

DateEvent & SourcePriceAppreciation
Dec 29, 2025

Price Change

Rhode Island Association of REALTORS® #1400829

$770,000
Nov 25, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1400829

$779,000
Jun 30, 2025

Temporarily Off Market

Rhode Island Association of REALTORS® #1379863

Mar 14, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1379863

$849,000
Dec 10, 2024

Temporarily Off Market

Rhode Island Association of REALTORS® #1365515

Aug 28, 2024

Price Change

Rhode Island Association of REALTORS® #1365515

$450,000
Aug 10, 2024

Price Change

Rhode Island Association of REALTORS® #1365515

$500,000
Aug 6, 2024

Permanently Off Market

Rhode Island Association of REALTORS® #1361245

Aug 6, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1365515

$600,000
Jul 23, 2024

Price Change

Rhode Island Association of REALTORS® #1361245

$925,000
Jun 10, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1361245

$950,000
DateEvent & SourcePrice
12/29/2025

Price Change

Rhode Island Association of REALTORS® #1400829

$770,000
11/25/2025

Listed (Active)

Rhode Island Association of REALTORS® #1400829

$779,000
06/30/2025

Temporarily Off Market

Rhode Island Association of REALTORS® #1379863

03/14/2025

Listed (Active)

Rhode Island Association of REALTORS® #1379863

$849,000
12/10/2024

Temporarily Off Market

Rhode Island Association of REALTORS® #1365515

08/28/2024

Price Change

Rhode Island Association of REALTORS® #1365515

$450,000
08/10/2024

Price Change

Rhode Island Association of REALTORS® #1365515

$500,000
08/06/2024

Permanently Off Market

Rhode Island Association of REALTORS® #1361245

08/06/2024

Listed (Active)

Rhode Island Association of REALTORS® #1365515

$600,000
07/23/2024

Price Change

Rhode Island Association of REALTORS® #1361245

$925,000
06/10/2024

Listed (Active)

Rhode Island Association of REALTORS® #1361245

$950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 511 High Street

Taxable ValueLand$82,100Additions$308,000Total$390,100
Tax Record2024$7,338 ($612 / month)
Home Facts
Stories2Lot Size6,669 SqFtStyleMulti-Family Dwelling (2-4)ZoningR-2CountyPROVIDENCEAPNCENT M:01 P:104

Schools near 511 High Street

This home is within Central Falls School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 7
Rating
School
Distance
Veterans Memorial Elementary School
PublicK to 5

Calcutt Middle School
Public6 to 8

Central Falls Sr High School
Public9 to 12

Raices Upper Dual Language Acd
Public6 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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511 High Street is a multi-family home for sale in Central Falls, RI 02863. This property was listed for sale on November 25, 2025 by RE/MAX Impact, it's currently listed at $770,000. This listing's school district is Central Falls School District. Nearby schools include Veterans Memorial Elementary School, Calcutt Middle School and Central Falls Sr High School. 511 High Street is a 4-bed, 2-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Impact

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.