Duplex with Heated
For Sale
$649,900
Pending
24 Tacoma Street, Cranston, RI 02920
Residential Income, Cranston, RI
Property Size3,511 SF
Lot Size0.15 Acres
Days on Market47
Property Features for 24 Tacoma Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
A-6
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 3, Bathroom 2
Parking
8
Parking features
Open
Interior features
Plumbing (Mixed), Insulation (Unknown)
Basement
Finished, Full, Storage Space
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision
Thornton
Lot features
Paved Driveway, Paved
Standard status
Pending
Size
3,511 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6343
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
laundry room
finished lower level
central air
Building Details
Year built
1928
Floors in Building
3
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Brick, Vinyl Siding
Listing Agency:
Re/Max One · RE/MAX International
(401) 943-6111
Listed By:
Richard Perelman · License #REB.0016189
(401) 286-2005
Added: Aug 31
Changed: Oct 5
Last Checked: Oct 16 at 6:06PM
MLS# 1421507
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.
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Investment Insights
Based on property information with market context.
This 1928 duplex in Cranston contains 3,511 square feet on a 0.1469-acre lot. The first floor has two bedrooms, while the second floor has one. Three kitchens feature granite countertops and stainless steel appliances, and the property has three updated bathrooms. Ceramic tile and laminate flooring, fresh interior paint, and mini-split cooling are also noted. A finished lower level opens to the outside and includes a laundry room.
The exterior combines vinyl siding with a brick front. The property also includes a heated two-car garage, natural gas baseboard heating, and outdoor parking for at least 6 vehicles. Roof, windows, furnace, and electrical work are identified among the updated mechanical and building components.
The exterior combines vinyl siding with a brick front. The property also includes a heated two-car garage, natural gas baseboard heating, and outdoor parking for at least 6 vehicles. Roof, windows, furnace, and electrical work are identified among the updated mechanical and building components.
Key Highlights
- 3,511‑square‑foot duplex on a 0.1469‑acre lot
- Two first‑floor bedrooms and one second‑floor bedroom
- Three kitchens with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,460
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,200
$1.2M
Cap Rate 7%
$835,143
$835.1K
Cap Rate 9%
$649,556
$649.6K
Market Conditions
NOI Build-Up for 3,511 SF
Gross rent
$89.3K $25.44/SF
− Vacancy
−$5.8K −$1.65/SF
EGI
$83.5K $23.79/SF
− OpEx
−$25.1K −$7.14/SF
NOI
$58.5K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,200
Cap Rate 7%
$835,143
Cap Rate 9%
$649,556
Alternative Uses
Best Use
Multifamily LT 5
$835.1K
$730.8K – $974.3K
NOI $58,460 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$662.8K
$580.0K – $773.3K
NOI $46,396 @ 7.0% cap · market cap 7.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
551
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three kitchens, a finished walkout lower level, and outdoor parking support a flexible residential layout.
Where is this duplex located?
The property is located at 24 Tacoma Street Cranston, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 3,511‑square‑foot duplex on a 0.1469‑acre lot; Two first‑floor bedrooms and one second‑floor bedroom; Three kitchens with granite countertops and stainless steel appliances
