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    Cranston Two-Family Home For Sale

    1250 Cranston Street Cranston, RI 02905

    Claim this Listing
    Pending
    $550,000

    MULTI_FAMILY - Cranston, RI

    Type:Apartment
    Property size:
    2,849 SF
    Lot size:
    0.18 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    312
    Last Refresh:
    Jul 11 at 6:06 pm

    Property Features for 1250 Cranston Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 3
    Parking
    4
    Basement
    Full, Unfinished
    Appliances
    Electric Water Heater
    Standard status
    Pending
    Size
    2,849 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4173

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Carpet, Tile - Ceramic, Hardwood, Laminate
    Building materials
    Vinyl Siding

    Listing agent Kyle Seyboth License #REC.0005226

    Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

    Listing date Sep 3, 2025

    MLS# 1394218 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.

    Investment Insights

    Based on property information with market context.

    Located at 1250 Cranston Street in Cranston, RI, this two-family home is suitable for investors or owner-occupants. The property contains one unit with three bedrooms and one bathroom, and another unit with two bedrooms and one bathroom. A detached two-car garage is included, along with a generously sized backyard and off-street parking. The property is situated in a convenient location near schools, parks, shopping, and public transportation, with easy access to major highways and proximity to downtown Providence. This Cranston property offers potential and flexibility for those looking to live in one unit and rent the other, or add an asset to their investment portfolio. The lot size is 0.1771 acres.

    Key Highlights

    • Two‑family home ideal for investors or owner‑occupants.
    • Detached 2‑car garage and off‑street parking.
    • Convenient location near schools, parks, shopping, and public transportation.

    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 $72.5k $25.44
    − Vacancy −$4.7k −$1.65
    EGI $67.8k $23.79
    − OpEx −$20.3k −$7.14
    NOI $47.4k $16.65
    2,849 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $677.7K
    $593.0K – $790.6K (±1% cap)
    NOI $47,437 @ 7.0% cap · market cap 8.62%
    Second Best
    Apartment 5plus
    $537.8K
    $470.6K – $627.5K (±1% cap)
    NOI $37,648 @ 7.0% cap · market cap 6.85%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Travel Agency Hotel & Motel (Bike/Boat/Book/etc) Store Locksmith Acupuncture Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with garage, yard, and convenient location.
    Where is this duplex located?
    The property is located at 1250 Cranston Street Cranston, RI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Two‑family home ideal for investors or owner‑occupants.; Detached 2‑car garage and off‑street parking.; Convenient location near schools, parks, shopping, and public transportation.
    Contact an agent
    (508) 726-3492
    We can help!
    Contact an agent
    Kyle Seyboth
    Real Estate License ID: REC.0005226
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