Updated 4-Unit Victorian
For Sale
$1,250,000
2249 Cranston Street, Cranston, RI 02920
Legal four-unit property with one vacant four-bedroom unit and three occupied income-producing units.
Days on Market25
Property Features for 2249 Cranston Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Occupancy
75%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1910
Construction
Victorian
Listing Agency:
Realty Plus, Inc.
(401) 699-2343
Listed By:
Zak Fang
(401) 699-2343
Source:
Liongatere
Added: Jul 6
Changed: Jul 24
Last Checked: Jul 24 at 5:49PM
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 Realty Plus, Inc.
Investment Insights
Based on property information with market context.
This updated legal 4-unit Victorian quadplex offers a mix of occupancy, including one vacant 4-bedroom unit and three occupied units generating rental income. Recent improvements include renovated kitchens with modern countertops and new appliances, along with updated flooring and other tasteful finishes that maintain the Victorian character while adding contemporary utility.
The property is located in Western Cranston, within the Cranston West school district, and is described as being within walking distance to Meshanticut Lake. It is also positioned minutes from Garden City Center, shopping, restaurants, highways, and everyday amenities.
From an operational standpoint, the current configuration provides immediate rental income from the three occupied units, while the vacant 4-bedroom unit allows for an owner-occupant scenario or a new tenant setup, depending on the buyer’s plans.
The property is located in Western Cranston, within the Cranston West school district, and is described as being within walking distance to Meshanticut Lake. It is also positioned minutes from Garden City Center, shopping, restaurants, highways, and everyday amenities.
From an operational standpoint, the current configuration provides immediate rental income from the three occupied units, while the vacant 4-bedroom unit allows for an owner-occupant scenario or a new tenant setup, depending on the buyer’s plans.
Key Highlights
- Legal 4‑unit multifamily Victorian built in 1910 with one vacant 4‑bedroom unit and three occupied income‑producing units
- Three occupied units currently generate $4,350 per month
- Vacant 4‑bedroom unit has an estimated market rent of approximately $3,400 per month
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
134
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Legal four-unit property with one vacant four-bedroom unit and three occupied income-producing units.
Where is this quadplex located?
The property is located at 2249 Cranston Street Cranston, RI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Legal 4‑unit multifamily Victorian built in 1910 with one vacant 4‑bedroom unit and three occupied income‑producing units; Three occupied units currently generate $4,350 per month; Vacant 4‑bedroom unit has an estimated market rent of approximately $3,400 per month
