1289 Cranston Street, Cranston, RI 02920
COMMERCIAL - Cranston, RI
- Added:
- Jun 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 12 at 12:06 am
Property Features for 1289 Cranston Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Rooms
- Basement
- Parking
- 4
- Basement
- Full
- Standard status
- Active
- Size
- 3,162 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4281
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
Building Details
- Year built
- 1900
- Number of units
- 2
Listing agent Jessica Perez (401) 207-3329
Listing office William Raveis Inspire 201 Wayland Avenue, #8, Providence, RI (401) 751-8100
Listing date Jun 8, 2026
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
- Mixed‑use property in Cranston with commercial space and a residential unit above
- Residential layout features an open kitchen, large living and dining areas, 3 bedrooms, and 1.5 baths
- Dedicated laundry room in the residential unit
- Fully owned solar panels plus two Navien heating and hot water systems
- Detached 2‑car garage with potential for a possible ADU (buyer to conduct due diligence)
- Public sewer; heating is Baseboard; year built 1900
Overview
Located in Cranston, Rhode Island, the property is described as highly visible and convenient, with access to the bus line and easy access to major highways, shopping, and local amenities. The listing includes a compact lot size of 0.08 acres.
This is a practical fit for owner-occupants who want commercial space with a residential component overhead, as well as buyers seeking a mixed-use setup. The listing notes qualification for owner-occupied FHA financing. While the commercial space is described as suitable for a variety of business uses, specific permitted uses are not detailed, and any alternate use considerations for the garage should be confirmed through due diligence.
Local Financial Insights For Apartment 5plus
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 | $80.8k | $25.56 |
| − Vacancy | −$4.8k | −$1.53 |
| EGI | $76.0k | $24.03 |
| − OpEx | −$34.2k | −$10.81 |
| NOI | $41.8k | $13.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.453123
- Latitude
- 41.791042
