Duplex with Private
For Sale
$639,000
55 Vinton Avenue, Cranston, RI 02920
Residential Income, Cranston, RI
Property Size3,778 SF
Lot Size0.22 Acres
Price / SF$169.14
Days on Market50
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 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bathroom 1
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
Unfinished, Full
Appliances
Dishwasher, Disposal, Oven, Range, Refrigerator, Gas Water Heater
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
Natural Gas, Baseboard
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
Laminate, Hardwood, Carpet
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
Changed: Oct 10
Last Checked: Oct 13 at 4:06PM
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.
Built in 1984, this 3,778-square-foot duplex contains two side-by-side residences on a 0.2248-acre corner parcel. The larger unit has two bedrooms, one-and-a-half baths, a living room with a fireplace, and a private deck. The second residence offers two bedrooms, one full bath, and its own deck. A full, unfinished basement provides additional storage. The roof and decks were replaced in 2022.
The property is in Cranston, near shopping, grocery stores, restaurants, and highway access.
The property is in Cranston, near shopping, grocery stores, restaurants, and highway access.
Key Highlights
- Two side‑by‑side residences, each with a private deck
- Larger residence has two bedrooms, one‑and‑a‑half baths, and a fireplace
- Second residence includes two bedrooms and one full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,924
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
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
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 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 9.84%
Second Best
Apartment 5plus
$713.2K
$624.1K – $832.1K
NOI $49,924 @ 7.0% cap · market cap 7.81%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a deck, and the larger unit includes a fireplace.
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 $639,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with a private deck; Larger residence has two bedrooms, one‑and‑a‑half baths, and a fireplace; Second residence includes two bedrooms and one full bath
