Updated Duplex with Solar
37 Old Oak Ave, Cranston, RI 02910
For Sale
$760,000
Two refreshed residences include flexible bonus areas, basement offices, parking, and outdoor entertaining space.
Property Size2,294 SF
Price / SF$331.30
Days on Market66
Property Features for 37 Old Oak Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
solar panels
outdoor entertaining space
Building Details
Year Built
Listing Agency:
Innovations Realty
Listed By:
Madelynn Duarte · License RI RES.00334400
(401) 481-7357
Source:
Rhodeislandhomesforsale
Added: Sep 8
Changed: Nov 1
Last Checked: Nov 10 at 12:55PM
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 Innovations Realty
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Investment Insights
Based on property information with market context.
This 1920-built duplex at 37 Old Oak Avenue includes two three-bedroom residences with updated interiors and practical layouts. The property also provides accessory space currently used as a private man cave, along with a finished basement configured with separate office areas. A newer roof and solar panels serving each unit add to the overall physical improvements.
Off-street parking and outdoor entertaining space support day-to-day usability for both residences. The property is currently tenant-occupied and sits near shopping, dining, and major highways in Cranston, Rhode Island.
Off-street parking and outdoor entertaining space support day-to-day usability for both residences. The property is currently tenant-occupied and sits near shopping, dining, and major highways in Cranston, Rhode Island.
Key Highlights
- Two three‑bedroom units with updated interiors
- Solar panels serving each unit
- Finished basement with partitioned office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,196
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,920
$763.9K
Cap Rate 7%
$545,657
$545.7K
Cap Rate 9%
$424,400
$424.4K
Market Conditions
NOI Build-Up for 2,294 SF
Gross rent
$58.4K $25.44/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$54.6K $23.79/SF
− OpEx
−$16.4K −$7.14/SF
NOI
$38.2K $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%
$763,920
Cap Rate 7%
$545,657
Cap Rate 9%
$424,400
Alternative Uses
Best Use
Multifamily LT 5
$545.7K
$477.5K – $636.6K
NOI $38,196 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$433.1K
$378.9K – $505.2K
NOI $30,314 @ 7.0% cap · market cap 3.99%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 02910, RI
21,907
Population
9,319
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
3.4 sq mi
ZIP Area
6,443
Density / Sq Mi
$85,909
Median Household Income
$47,538
Median Earnings
$1,385
Median Rent
$302,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cranston, RI
Properties on Market for Duplexes in Cranston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed residences include flexible bonus areas, basement offices, parking, and outdoor entertaining space.
Where is this duplex located?
The property is located at 37 Old Oak Ave Cranston, RI.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two three‑bedroom units with updated interiors; Solar panels serving each unit; Finished basement with partitioned office areas
