Brick
For Sale
$499,900
49 Tiffany Street, Cranston, RI 02920
The two-family property is a brick building dating to 1948.
Property Size2,304 SF
Price / SF$216.97
Days on Market8
Property Features for 49 Tiffany Street
General Information
Standard status
Active
Size
2,304 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1948
Construction
brick
Listing Agency:
Start Realty
(401) 380-7000
Listed By:
Garry Reilly · License #REB.0007548
(401) 225-5936
Source:
Lockandkeyre
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 12 at 8:43PM
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 Start Realty
Investment Insights
Based on property information with market context.
This brick duplex was built in 1948 and is located at 49 Tiffany Street in Cranston. The property is identified as a two-family residence.
The location offers access to schools, shopping, and restaurants, with Atwood Avenue nearby.
The location offers access to schools, shopping, and restaurants, with Atwood Avenue nearby.
Key Highlights
- Brick two‑family property
- Built in 1948
- Located at 49 Tiffany Street in Cranston
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,363
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,260
$767.3K
Cap Rate 7%
$548,043
$548.0K
Cap Rate 9%
$426,256
$426.3K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$58.6K $25.44/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$54.8K $23.79/SF
− OpEx
−$16.4K −$7.14/SF
NOI
$38.4K $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%
$767,260
Cap Rate 7%
$548,043
Cap Rate 9%
$426,256
Alternative Uses
Best Use
Multifamily LT 5
$548.0K
$479.5K – $639.4K
NOI $38,363 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 6.09%
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,597
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-family property is a brick building dating to 1948.
Where is this duplex located?
The property is located at 49 Tiffany Street Cranston, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Brick two‑family property; Built in 1948; Located at 49 Tiffany Street in Cranston
