2-Unit
New
For Sale
$539,900
25 Colony Street, Cranston, RI 02920
Residential Income, Cranston, RI
Property Size3,044 SF
Lot Size0.19 Acres
Price / SF$177.37
Days on Market1
Property Features for 25 Colony Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
A8
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Basement, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Parking
3
Parking features
None
Window features
Insulated Windows
Patio and Porch features
Porch, Patio
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Balcony, Patio, Porch
Basement
Unfinished, Storage Space, Full
Appliances
Dryer, Exhaust Fan, Oven, Range, Refrigerator, Washer, Gas Water Heater, Tankless Water Heater
Subdivision
Stone Hill
Lot features
Out Building, Paved Driveway
Standard status
Active
Size
3,044 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5249
Utilities
Sewer type
Public Sewer
Heating system
Oil, Natural Gas
Building Details
Year built
1912
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile - Ceramic, Parquet Wood
Building materials
Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Era Empire Real Estate
(401) 217-4442
Listed By:
Jimmy Ranieri
(401) 413-5620
Added: Oct 26
Last Checked: Oct 26 at 12:06PM
MLS# 1426773
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 two-unit duplex in Cranston contains 3,044 square feet and was built in 1912. The second-floor apartment has two bedrooms and has received new flooring, kitchen cabinets, countertops, and paint. The first-floor unit could benefit from cosmetic updates. A porch, patio, and balcony provide additional exterior features.
The property occupies a 0.186-acre lot and is zoned A8. Public sewer serves the property, and listed appliances include a range, oven, refrigerator, washer, dryer, and tankless water heater. Heating sources are oil and natural gas.
The property occupies a 0.186-acre lot and is zoned A8. Public sewer serves the property, and listed appliances include a range, oven, refrigerator, washer, dryer, and tankless water heater. Heating sources are oil and natural gas.
Key Highlights
- Two‑unit duplex with 3,044 square feet of building area
- Upper‑level residence has two bedrooms and updated flooring, kitchen cabinets, countertops, and paint
- 0.186‑acre lot in Cranston, RI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,225
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,500
$804.5K
Cap Rate 7%
$574,643
$574.6K
Cap Rate 9%
$446,944
$446.9K
Market Conditions
NOI Build-Up for 3,044 SF
Gross rent
$77.8K $25.56/SF
− Vacancy
−$4.7K −$1.53/SF
EGI
$73.1K $24.03/SF
− OpEx
−$32.9K −$10.81/SF
NOI
$40.2K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,500
Cap Rate 7%
$574,643
Cap Rate 9%
$446,944
Alternative Uses
Best Use
Multifamily LT 5
$724.1K
$633.6K – $844.7K
NOI $50,684 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$574.6K
$502.8K – $670.4K
NOI $40,225 @ 7.0% cap · market cap 7.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence has two bedrooms and refreshed finishes, while the lower unit offers scope for cosmetic improvements.
Where is this duplex located?
The property is located at 25 Colony 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: Two‑unit duplex with 3,044 square feet of building area; Upper‑level residence has two bedrooms and updated flooring, kitchen cabinets, countertops, and paint; 0.186‑acre lot in Cranston, RI
