Craftsman-Style Two-Family
300 Farmington Avenue, Cranston, RI 02920
MULTI_FAMILY - Cranston, RI
Property size:
3,700 SFLot size:
0.18 AcresPrice / SF:
$189/SF- Added:
- Apr 9, 2026
- Days on Market:
- 63
- Last Refresh:
- Jun 10 at 3:06 pm
Property Features for 300 Farmington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RES
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Basement, Bathroom 2, Bedroom 6, Bathroom 4
- Parking
- 6
- Parking features
- Garage
- Patio and Porch features
- Deck
- Interior features
- Wall (Dry Wall), Wall (Plaster), Attic, Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Unknown), Insulation (Walls)
- Exterior features
- Deck
- Fireplace
- 1
- Basement
- Unfinished, Full
- Appliances
- Electric Water Heater, Gas Water Heater, Dishwasher, Dryer, Disposal, Range Hood, Microwave, Oven/Range, Refrigerator, Washer, Whirlpool
- Standard status
- Active Under Contract
- Size
- 3,700 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6715
Utilities
- Heating system
- Forced Air, Steam, Natural Gas
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Dry Wall, Plaster, Vinyl Siding
Listing agent Thomas Wegner (401) 439-7705
Listing office Residential Properties Ltd. 259 County Road, RI (401) 245-9600
Listing date Apr 9, 2026
MLS# 1409635
Listing URL
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.
HighLights
- Two‑family home ideal for multi‑generational living or investment.
- Boasting 3,700 sq ft of living space with a blend of charm and modern upgrades.
- First‑floor unit: 2 bedrooms, 1.5 baths with fireplace, walk‑in closet, jacuzzi, and updated kitchen with granite countertops.
- Second‑floor unit: 4 bedrooms, 1.5 baths, renovated with barn doors, ceiling fans, fireplace, new appliances, and refinished hardwood floors.
- Enjoy the large double‑story deck for outdoor relaxation and entertaining.
- Recent upgrades include a new roof and windows.
Overview
This Craftsman-style two-family home offers 3,700 square feet of living space. The property presents an opportunity for multi-generational living or investment. The first-floor unit features a 2-bedroom, 1.5-bath layout with a fireplace in the living room. The primary suite includes a walk-in closet and a spa-like bath with a corner jacuzzi and tile shower. The kitchen features granite countertops, updated floors and modern appliances. The second unit offers a 4-bedroom, 1.5-bath floor plan. It has been recently renovated and includes barn doors, ceiling fans, and a fireplace. The gourmet kitchen features granite countertops and appliances, complementing the refinished hardwood floors. A large double story deck offers space to relax and entertain. Recent upgrades include a new roof, windows, and coin-operated laundry in the basement. The property is located in Cranston, Rhode Island, in Providence County. The lot size is 0.18 acres.
Local Financial Insights For Multifamily LT 5
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 | $94.1k | $25.44 |
| − Vacancy | −$6.1k | −$1.65 |
| EGI | $88.0k | $23.79 |
| − OpEx | −$26.4k | −$7.14 |
| NOI | $61.6k | $16.65 |
3,700 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$880.1K
$770.1K – $1.03M
NOI $61,607 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$698.5K
$611.2K – $814.9K
NOI $48,894 @ 7.0% cap · market cap 6.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.452462
- Latitude
- 41.804931
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home with modern upgrades and multi-generational living potential.
Where is this duplex located?
The property is located at 300 Farmington Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family home ideal for multi‑generational living or investment.; Boasting 3,700 sq ft of living space with a blend of charm and modern upgrades.; First‑floor unit: 2 bedrooms, 1.5 baths with fireplace, walk‑in closet, jacuzzi, and updated kitchen with granite countertops.
