Mixed-Use Property with Office
New
For Sale
$1,350,000
41 Rolfe Square, Cranston, RI 02910
Residential Income, Cranston, RI
Property Size5,209 SF
Lot Size0.11 Acres
Price / SF$259.17
Days on Market2
Property Features for 41 Rolfe Square
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C3
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 5
Parking
18
Parking features
None
Window features
Insulated Windows
Patio and Porch features
Porch
Interior features
Wall (Cermaic), Wall (Dry Wall), Wall (Plaster), Wall (Wood), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Basement
Unfinished, Storage Space, Full
Appliances
Dishwasher, Dryer, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision
Rolfe Square
Lot features
Paved Driveway, Sidewalks, Sprinklers
Standard status
Active
Size
5,209 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11469
Utilities
Heating system
Oil, Baseboard, Forced Air, Natural Gas
Cooling system
Central Air
Amenities
common areas
kitchenette
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile - Ceramic
Building materials
Ceramic, Dry Wall, Plaster, Wood Wall(s), Masonry, Vinyl Siding
Listing Agency:
Era Empire Real Estate
(401) 217-4442
Listed By:
Jimmy Ranieri · License #REC.0016826
(401) 413-5620
Added: Oct 14
Last Checked: Oct 15 at 1:06AM
MLS# 1426014
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.
Investment Insights
Based on property information with market context.
This two-building mixed-use property contains 5,209 square feet on a 0.1148-acre lot. The office configuration includes eight separately occupied executive suites, shared common areas, a kitchenette, and bathroom facilities. A private first-floor office has been renovated with high-end finishes and may be divided into additional office spaces.
Both buildings have updated mechanical systems and structural improvements. The property was built in 1900 and is zoned C3. A porch is among the exterior features.
Both buildings have updated mechanical systems and structural improvements. The property was built in 1900 and is zoned C3. A porch is among the exterior features.
Key Highlights
- Two‑building property with 5,209 square feet on a 0.1148‑acre lot
- Eight individually occupied executive suites
- Separate first‑floor private office with potential to divide into additional office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,330
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,600
$1.3M
Cap Rate 7%
$961,857
$961.9K
Cap Rate 9%
$748,111
$748.1K
Market Conditions
NOI Build-Up for 5,209 SF
Gross rent
$104.4K $20.04/SF
− Vacancy
−$14.6K −$2.81/SF
EGI
$89.8K $17.23/SF
− OpEx
−$22.4K −$4.31/SF
NOI
$67.3K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,600
Cap Rate 7%
$961,857
Cap Rate 9%
$748,111
Alternative Uses
Best Use
Office B
$961.9K
$841.6K – $1.12M
NOI $67,330 @ 7.0% cap · market cap 4.99%
Second Best
Mixed Use
$879.0K
$769.1K – $1.03M
NOI $61,531 @ 7.0% cap · market cap 4.56%
Theoretical Best
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,732 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,195
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight occupied executive suites share common areas, a kitchenette, and bathroom facilities.
Where is this mixed-use property located?
The property is located at 41 Rolfe Square Cranston, RI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑building property with 5,209 square feet on a 0.1148‑acre lot; Eight individually occupied executive suites; Separate first‑floor private office with potential to divide into additional office spaces
