Two-Unit Duplex with
For Sale
$499,900
Pending
8 Arlington Ave, Cranston, RI 02920
Separate residential units offer practical layouts, off-street parking, a yard, and updated mechanical systems.
Property Size2,366 SF
Days on Market98
Property Features for 8 Arlington Ave
General Information
Standard status
Pending
Size
2,366 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,633
Listing Agency:
Innovations Realty
(401) 440-2490
Listed By:
Renato De Lima · License #1000420
(401) 440-2490
Source:
Exprealty
Added: May 27
Changed: Aug 30
Last Checked: Aug 31 at 8:05PM
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 Innovations Realty
Investment Insights
Based on property information with market context.
This 2,366-square-foot duplex at 8 Arlington Ave features two residential units, each arranged with two bedrooms and one bathroom on its floor. The property includes a one-car garage, additional off-street parking, and a sizable yard. Newer mechanical systems are also in place.
Set on a dead-end street in Cranston, the property is near main highways and area amenities. Its two-unit configuration supports either owner occupancy with an additional household or use as part of a residential income portfolio, both of which are uses specifically identified for the property.
Set on a dead-end street in Cranston, the property is near main highways and area amenities. Its two-unit configuration supports either owner occupancy with an additional household or use as part of a residential income portfolio, both of which are uses specifically identified for the property.
Key Highlights
- 2,366 SF duplex with two residential units
- Each unit includes 2 bedrooms and 1 bathroom
- One‑car garage plus ample off‑street parking
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
$39,395
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
7.88%
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%
$787,900
$787.9K
Cap Rate 7%
$562,786
$562.8K
Cap Rate 9%
$437,722
$437.7K
Market Conditions
NOI Build-Up for 2,366 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
$60.2K $25.44/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$56.3K $23.79/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.4K $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 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%
$787,900
Cap Rate 7%
$562,786
Cap Rate 9%
$437,722
Alternative Uses
Best Use
Multifamily LT 5
$562.8K
$492.4K – $656.6K
NOI $39,395 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$446.7K
$390.8K – $521.1K
NOI $31,266 @ 7.0% cap · market cap 6.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
766
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 - Separate residential units offer practical layouts, off-street parking, a yard, and updated mechanical systems.
Where is this duplex located?
The property is located at 8 Arlington Ave 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: 2,366 SF duplex with two residential units; Each unit includes 2 bedrooms and 1 bathroom; One‑car garage plus ample off‑street parking
