Two-Family Home with
For Sale
$499,900
Pending
58 Perkins Avenue, Cranston, RI 02910
MULTI_FAMILY - Cranston, RI
Property Size2,466 SF
Lot Size0.11 Acres
Days on Market50
Property Features for 58 Perkins Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
7
Interior features
Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished
Appliances
Gas Water Heater, Oven/Range, Refrigerator
Standard status
Pending
Size
2,466 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4338
Utilities
Heating system
Baseboard, Natural Gas
Building Details
Year built
1947
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood, Vinyl
Building materials
Dry Wall, Paneled, Plaster, Aluminum Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Lisa Bernardeau
(401) 536-5931
Added: Jun 11
Changed: Jul 28
Last Checked: Jul 30 at 1:06PM
MLS# 1415127
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 vacant two-family home offers two separate units, each with two bedrooms, one full bathroom, a living room, and a kitchen. The first-floor unit includes bamboo flooring, contributing to a warmer interior feel, while both layouts are designed for comfortable day-to-day living. The property also includes a garage and outdoor space, with a spacious yard for use by residents or future landscaping plans. An additional lot is included, providing room for expanded use depending on the buyer’s plans.
The property is located in Cranston, Rhode Island, at 58 Perkins Avenue. It sits on a lot listed at 0.11 acres and is positioned for convenience, with access to major highways and nearby shopping, dining, entertainment, and schools.
With both units delivered vacant, the property can suit an owner-occupant looking to live in one unit while renting the other, or an investor seeking a straightforward start. The two-unit configuration and included outdoor amenities support a variety of residential income and owner-use scenarios.
The property is located in Cranston, Rhode Island, at 58 Perkins Avenue. It sits on a lot listed at 0.11 acres and is positioned for convenience, with access to major highways and nearby shopping, dining, entertainment, and schools.
With both units delivered vacant, the property can suit an owner-occupant looking to live in one unit while renting the other, or an investor seeking a straightforward start. The two-unit configuration and included outdoor amenities support a variety of residential income and owner-use scenarios.
Key Highlights
- Two‑family home built in 1947, each unit offers 2 bedrooms and 1 full bathroom
- Each unit includes a spacious living room and kitchen layout for flexible owner‑occupant or rental use
- Interior finishes include hardwood, vinyl, and ceramic tile flooring with plaster/paneled/drywall walls
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $25.44 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $58.7k | $23.79 |
| − OpEx | −$17.6k | −$7.14 |
| NOI | $41.1k | $16.65 |
2,466 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$586.6K
$513.3K – $684.3K
NOI $41,060 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$465.5K
$407.3K – $543.1K
NOI $32,587 @ 7.0% cap · market cap 6.52%
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
Location Intelligence
Trade Area within ½ mile
384
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
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 - Vacant two-family residence with two 2-bedroom units, a garage, and spacious yard space on a generous lot.
Where is this duplex located?
The property is located at 58 Perkins Avenue 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: Two‑family home built in 1947, each unit offers 2 bedrooms and 1 full bathroom; Each unit includes a spacious living room and kitchen layout for flexible owner‑occupant or rental use; Interior finishes include hardwood, vinyl, and ceramic tile flooring with plaster/paneled/drywall walls
