Side-by-Side Duplex with
New
For Sale
$649,000
55 Vinton Avenue, Cranston, RI 02920
Residential Income, Cranston, RI
Property Size3,778 SF
Lot Size0.22 Acres
Price / SF$171.78
Days on Market2
Property Features for 55 Vinton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Basement, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3
Parking
3
Parking features
None
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Attic, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Deck
Fireplace
1
Basement
Full, Unfinished
Appliances
Gas Water Heater, Dishwasher, Disposal, Oven/Range, Refrigerator
Subdivision
Meshanticut/Oaklawn Village
Lot features
Corner Lot, Out Building, Paved Driveway
Standard status
Active
Size
3,778 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6034
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
private decks
paved off-street parking
full unfinished basement
fireplace
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate, Hardwood
Building materials
Dry Wall, Shingles
Listing Agency:
Keller Williams Coastal · Keller Williams Realty
(401) 845-9200
Listed By:
Jeff St. Germain
(401) 226-2148
Added: Aug 25
Last Checked: Aug 26 at 6:06AM
MLS# 1421380
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 side-by-side ranch duplex contains 3,778 square feet across two residences. The larger unit offers two bedrooms, one-and-a-half baths, a spacious living room with a fireplace, and a full unfinished basement. The second residence provides two bedrooms and one full bath. Both units have private decks, while the property includes gas water heating, baseboard heating, wall-unit cooling, and a mix of hardwood, laminate, and carpet flooring.
The duplex occupies a 0.2248-acre corner lot in Cranston's Meshanticut neighborhood, with shopping, grocery stores, restaurants, and highway access nearby. Public water serves the property. The roof and decks were completed in 2022, and the building was constructed in 1984.
The duplex occupies a 0.2248-acre corner lot in Cranston's Meshanticut neighborhood, with shopping, grocery stores, restaurants, and highway access nearby. Public water serves the property. The roof and decks were completed in 2022, and the building was constructed in 1984.
Key Highlights
- 3,778‑square‑foot side‑by‑side duplex with two ranch‑style residences
- Larger unit has 2 bedrooms, 1.5 baths, fireplace, and spacious living room
- Second unit includes 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$998,480
$998.5K
Cap Rate 7%
$713,200
$713.2K
Cap Rate 9%
$554,711
$554.7K
Market Conditions
NOI Build-Up for 3,778 SF
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.
Gross rent
$96.6K $25.56/SF
− Vacancy
−$5.8K −$1.53/SF
EGI
$90.8K $24.03/SF
− OpEx
−$40.8K −$10.81/SF
NOI
$49.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$998,480
Cap Rate 7%
$713,200
Cap Rate 9%
$554,711
Alternative Uses
Best Use
Multifamily LT 5
$898.7K
$786.3K – $1.05M
NOI $62,906 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$713.2K
$624.1K – $832.1K
NOI $49,924 @ 7.0% cap · market cap 7.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
321
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style residences include private outdoor space, separate living areas, and shared basement storage.
Where is this duplex located?
The property is located at 55 Vinton Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 3,778‑square‑foot side‑by‑side duplex with two ranch‑style residences; Larger unit has 2 bedrooms, 1.5 baths, fireplace, and spacious living room; Second unit includes 2 bedrooms and 1 full bath
