Two-Unit Duplex with
For Sale
$629,000
Pending
105 Eldridge St, Cranston, RI 02910
Spacious layouts include eat-in kitchens, sunrooms, private laundry, and double parlors.
Property Size2,432 SF
Days on Market21
Property Features for 105 Eldridge St
General Information
Standard status
Pending
Size
2,432 SF
Property subtype
Residential Income
Listing Agency:
Lenox Realty Group
(617) 447-9312
Listed By:
Nicola Francis
(617) 447-9312
Source:
Exprealty
Added: Jul 13
Changed: Jul 31
Last Checked: Jul 31 at 6:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lenox Realty Group
Investment Insights
Based on property information with market context.
This two-unit multifamily property features spacious layouts with generous eat-in kitchens, granite countertops, double parlors, and a bonus sunroom in each unit. Both units include private laundry, and each is lead certified. Exterior improvements include a 3 year old roof and 5 year old siding.
The property includes a double-car garage, six additional dedicated parking spots, and a fully fenced-in yard. Located on a quiet side street in Cranston, the property is within walking distance of shops and restaurants in Cranston East. The configuration supports both owner-occupant and investor use, with rental history and income associated with the units.
The property includes a double-car garage, six additional dedicated parking spots, and a fully fenced-in yard. Located on a quiet side street in Cranston, the property is within walking distance of shops and restaurants in Cranston East. The configuration supports both owner-occupant and investor use, with rental history and income associated with the units.
Key Highlights
- Two‑unit multifamily property with spacious layouts and bonus sunroom in each unit
- Each unit includes an eat‑in kitchen with granite countertops, double parlors, and private laundry
- 3 year old roof and 5 year old siding
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 | $61.9k | $25.44 |
| − Vacancy | −$4.0k | −$1.65 |
| EGI | $57.8k | $23.79 |
| − OpEx | −$17.4k | −$7.14 |
| NOI | $40.5k | $16.65 |
2,432 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.5K
$506.2K – $674.9K
NOI $40,494 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$459.1K
$401.7K – $535.6K
NOI $32,138 @ 7.0% cap · market cap 5.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 02910, RI
21,907
Population
9,319
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
3.4 sq mi
ZIP Area
6,443
Density / Sq Mi
$85,909
Median Household Income
$47,538
Median Earnings
$1,385
Median Rent
$302,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious layouts include eat-in kitchens, sunrooms, private laundry, and double parlors.
Where is this duplex located?
The property is located at 105 Eldridge St Cranston, RI.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two‑unit multifamily property with spacious layouts and bonus sunroom in each unit; Each unit includes an eat‑in kitchen with granite countertops, double parlors, and private laundry; 3 year old roof and 5 year old siding
