Two-Family Residence with Bonus
10 Denver Avenue, Cranston, RI 02905
New
MULTI_FAMILY - Cranston, RI
Property size:
2,544 SFLot size:
0.08 AcresPrice / SF:
$243/SF- Added:
- Jun 23, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 25 at 12:06 pm
Property Features for 10 Denver Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A6
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 6, Basement, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 4
- Parking
- 6
- Patio and Porch features
- Deck, Patio, Porch
- Interior features
- Wall (Plaster), Attic, Attic Storage, Stairs, Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Deck, Patio, Porch
- Basement
- Full, Partially Finished, Storage Space
- Appliances
- Gas Water Heater, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,544 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6315
Utilities
- Heating system
- Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Vinyl, Hardwood
- Building materials
- Plaster, Clapboard, Wood
- Additional Structures
- Storage
Listing agent David Cherry (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date Jun 23, 2026
MLS# 1415381
Listing URL
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family home built in 1922; each unit features 3 bedrooms and 1 bathroom
- Updated kitchens plus hardwood and ceramic tile flooring
- Natural gas baseboard heating; gas water heater included
- Full basement with common laundry and storage
- Outside features a large patio, covered porch, and second‑level deck
- Sale includes neighboring lot #1157 with detached garage and 6‑car driveway; buyer may explore converting the garage to an ADU, subject to city approval
Overview
This two-family residence presents a straightforward, owner-friendly layout with two separate units, each offering 3 bedrooms and 1 bathroom. Interiors include updated kitchens along with hardwood and ceramic flooring, and the homes are described as receiving ample natural light. A full basement provides common laundry and additional storage. Outdoor living includes a large patio, a covered porch, and a second-level deck.
The sale includes a neighboring lot, identified as lot #1157, featuring a detached garage and a 6-car driveway. The property is zoned A6. The combination of the main home, the additional lot, and the existing drive/garage configuration creates options for a range of ownership plans.
For tenants or owner-occupants, the unit-by-unit bedroom and bath layout can support long-term residential use while keeping day-to-day operations simple. For buyers focused on flexibility, the included lot and garage footprint may support additional plans, including a possible ADU conversion subject to city approval. The property’s basement amenities and dedicated outdoor spaces also support comfortable everyday living for both occupants.
The sale includes a neighboring lot, identified as lot #1157, featuring a detached garage and a 6-car driveway. The property is zoned A6. The combination of the main home, the additional lot, and the existing drive/garage configuration creates options for a range of ownership plans.
For tenants or owner-occupants, the unit-by-unit bedroom and bath layout can support long-term residential use while keeping day-to-day operations simple. For buyers focused on flexibility, the included lot and garage footprint may support additional plans, including a possible ADU conversion subject to city approval. The property’s basement amenities and dedicated outdoor spaces also support comfortable everyday living for both occupants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.7k | $25.44 |
| − Vacancy | −$4.2k | −$1.65 |
| EGI | $60.5k | $23.79 |
| − OpEx | −$18.2k | −$7.14 |
| NOI | $42.4k | $16.65 |
2,544 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.1K
$529.5K – $706.0K
NOI $42,359 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$480.3K
$420.2K – $560.3K
NOI $33,618 @ 7.0% cap · market cap 5.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.406754
- Latitude
- 41.772311
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family with updated interiors, shared laundry space, and an included neighboring lot for added parking and flexibility.
Where is this duplex located?
The property is located at 10 Denver Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two‑family home built in 1922; each unit features 3 bedrooms and 1 bathroom; Updated kitchens plus hardwood and ceramic tile flooring; Natural gas baseboard heating; gas water heater included
