Well-Maintained Duplex with
184 Gladstone Street Cranston, RI 02920
New
For Sale
$539,900
MULTI_FAMILY - Cranston, RI
Property Size3,254 SF
Lot Size0.16 Acres
Price / SF$165.92
Days on Market1
Property Features for 184 Gladstone Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B1
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 3
Parking
4
Patio and Porch features
Patio, Deck
Interior features
Plumbing (Mixed)
Exterior features
Deck, Patio
Basement
Storage Space, Full, Partially Finished
Appliances
Dishwasher, Oven/Range, Refrigerator
Standard status
Active
Size
3,254 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4900
Utilities
Sewer type
Public Sewer
Heating system
Oil
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Ramon Betances
(401) 824-9864
Added: Jul 27
Last Checked: Jul 27 at 5:06PM
MLS# 1418971
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.
This well-maintained duplex offers two separate living units with spacious living areas and hardwood floors. The property also includes ample basement storage and a large two-car garage, along with a generously sized fenced-in backyard.
Zoned B1, the home is located in Cranston and is described as conveniently near shopping, dining, highways, and local amenities.
Suitable for an owner-occupant or rental use, the layout provides the option to live in one unit while generating income from the other, supported by the property’s overall condition and onsite storage and parking features.
Zoned B1, the home is located in Cranston and is described as conveniently near shopping, dining, highways, and local amenities.
Suitable for an owner-occupant or rental use, the layout provides the option to live in one unit while generating income from the other, supported by the property’s overall condition and onsite storage and parking features.
Key Highlights
- Duplex built in 1961 with 4 bedrooms and 2 bathrooms
- Hardwood and ceramic tile flooring
- Oil heating and public sewer
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 | $83.2k | $25.56 |
| − Vacancy | −$5.0k | −$1.53 |
| EGI | $78.2k | $24.03 |
| − OpEx | −$35.2k | −$10.81 |
| NOI | $43.0k | $13.21 |
3,254 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$774.0K
$677.3K – $903.0K
NOI $54,181 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$614.3K
$537.5K – $716.7K
NOI $43,000 @ 7.0% cap · market cap 7.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with hardwood floors, ample basement storage, and a large two-car garage, with a fenced backyard.
Where is this duplex located?
The property is located at 184 Gladstone Street Cranston, RI.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Duplex built in 1961 with 4 bedrooms and 2 bathrooms; Hardwood and ceramic tile flooring; Oil heating and public sewer
