Duplex with Two-Car
New
For Sale
$539,900
184 Gladstone Street, Cranston, RI 02920
MULTI_FAMILY - Cranston, RI
Property Size3,254 SF
Lot Size0.16 Acres
Price / SF$165.92
Days on Market7
Property Features for 184 Gladstone Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking
4
Patio and Porch features
Patio, Deck
Interior features
Plumbing (Mixed)
Exterior features
Deck, Patio
Basement
Partially Finished, Storage Space, Full
Appliances
Dishwasher, Oven/Range, Refrigerator
Lot features
Fenced, Paved Driveway
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 · Century 21 Real Estate
(508) 567-3468
Listed By:
Ramon Betances
(401) 824-9864
Added: Jul 27
Changed: Aug 1
Last Checked: Aug 2 at 3:06AM
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 duplex offers a practical two-unit layout with hardwood and ceramic tile flooring, oil heat, and vinyl siding. Interior features include mixed plumbing, and the home includes appliances such as a dishwasher, oven/range, and refrigerator. Exterior amenities feature a deck and patio, plus a generously sized fenced-in backyard. The property also provides ample basement storage with public sewer service.
The duplex is sited on a 0.16-acre lot and includes a large two-car garage. It was built in 1961 and is zoned B1.
With multiple bedrooms and two bathrooms in the room layout, this property can support an owner-occupant alongside rental income from the other unit.
The duplex is sited on a 0.16-acre lot and includes a large two-car garage. It was built in 1961 and is zoned B1.
With multiple bedrooms and two bathrooms in the room layout, this property can support an owner-occupant alongside rental income from the other unit.
Key Highlights
- Zoned B1
- Built in 1961
- 0.16‑acre lot with fenced‑in backyard
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
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 02920, RI
37,791
Population
15,052
Households
2.5
Avg Household Size
43
Median Age
32%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
4,246
Density / Sq Mi
$79,246
Median Household Income
$51,811
Median Earnings
$1,271
Median Rent
$336,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex on a 0.16-acre lot with a fenced backyard, two-car garage, and oil heat.
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: Zoned B1; Built in 1961; 0.16‑acre lot with fenced‑in backyard
