Side-by-Side Duplex with Finished
123 Pleasant Street, Cranston, RI 02910
For Sale
$519,990
Two separate homes offer finished basement space, fenced outdoor area, and off-street parking.
Property Size1,728 SF
Price / SF$300.92
Days on Market25
Property Features for 123 Pleasant Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Tub Shower
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Coastline Realty LLC
(401) 400-1077
Listed By:
Qing Lu Zhu · License #REC.0018933
(917) 285-4007
Source:
Berettarealty
Added: Oct 14
Changed: Nov 3
Last Checked: Nov 7 at 3:51AM
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 Coastline Realty LLC
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Investment Insights
Based on property information with market context.
This 1973 duplex contains two side-by-side units, each with two bedrooms, two full bathrooms, hardwood flooring, a living room, and an open kitchen-dining arrangement. Both units have finished full basements with laundry areas and storage. The building totals 1,728 square feet and has vinyl siding, a fenced yard, and off-street parking for four or more vehicles.
Spectacle Pond is within walking distance. The property is located at 123 Pleasant Street in Cranston, Rhode Island.
Spectacle Pond is within walking distance. The property is located at 123 Pleasant Street in Cranston, Rhode Island.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 2 full bathrooms
- 1,728 square feet; built in 1973
- Finished full basements with laundry areas and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,772
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,440
$575.4K
Cap Rate 7%
$411,029
$411.0K
Cap Rate 9%
$319,689
$319.7K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$44.0K $25.44/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.1K $23.79/SF
− OpEx
−$12.3K −$7.14/SF
NOI
$28.8K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,440
Cap Rate 7%
$411,029
Cap Rate 9%
$319,689
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.7K – $479.5K
NOI $28,772 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.6K
NOI $22,835 @ 7.0% cap · market cap 4.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
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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
$302,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Cranston, RI
Properties on Market for Duplexes in Cranston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer finished basement space, fenced outdoor area, and off-street parking.
Where is this duplex located?
The property is located at 123 Pleasant Street Cranston, RI.
What is the asking price?
The asking price for this property is $519,990.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 2 full bathrooms; 1,728 square feet; built in 1973; Finished full basements with laundry areas and storage
