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373 Cowden St, Central Falls, RI, 02863

7beds
3baths
1,812sqft
$517,000
$285price/sqft
$3,994/moest. monthly cost
$159,760/yrincome needed

About This Home

2-family home offering the 1st-floor unit with 3 bedrooms - 1bath, while the 2nd and 3rd floors combined townhouse-style unit with a total of 4 bedrooms - 2baths, providing plenty of space for extended families or strong rental income potential. Conveniently located near schools, shopping, restaurants, and major highways. Don't miss your chance to own this fantastic income-producing property!

Getting Around

83
WalkingVery Walkable
35
TransitSome Transit
55
BikeBikeable

Schools

4/10
Calcutt Middle SchoolGrades 6-80.3 mi
1/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Brick/Mortar,Stone
  • Construction materials: Dry Wall,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Unfinished

Bathroom

  • Features: Bath w Tub

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Wall (Dry Wall),Plumbing (Mixed)
  • Flooring: Ceramic Tile,Hardwood
  • Fireplace features: None

Heating & Cooling

  • Heating features: Natural Gas,Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 1,812
  • Total interior livable area: 1,812 sqft

Property

Details

  • Parcel number: CENTM06P242
  • Attached to another structure: Yes

Features

  • Stories: 3

Lot

  • Lot size: 2,178 sqft

Parking

  • Total spaces: 4
  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,614$31,368
Home Insurance *$437$5,244
Property Taxes $554$6,648
Electricity $389$4,675
Total$3,994$47,928
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$136,937/yr
40% on housing$119,820/yr
45% on housing$106,506/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$285This listing

vs Other Active Listings

Avg $/sqft

ZIP 02863$208
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02863$177
Providence County$271

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-04Price change$515,000
2026-07-17Price change$517,000
2026-06-11Listed for sale$520,000
2016-02-19Sold$60,500
2016-01-12Price change$91,000
2015-12-09Price change$93,000
2015-11-16Price change$95,000
2015-11-13Price change$96,000
2015-11-03Price change$99,000
2015-10-09Price change$101,000
2015-09-11Price change$115,500
2015-07-10Price change$119,500
2015-04-20Listed for sale$119,999
2015-01-12Sold$62,350
2008-10-03Sold$240,000
2004-09-02Sold$203,000
1999-11-01Sold$65,000
1994-06-09Sold$16,000

For Sale by Agent

AgentHelene Dominguez
BrokerageD'Empire Real Estate LLC

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