New Construction
New
For Sale
$699,900
80 Phenix Avenue, Cranston, RI 02920
Residential Income, Cranston, RI
Property Size2,520 SF
Lot Size0.18 Acres
Price / SF$277.74
Days on Market2
Property Features for 80 Phenix Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
B1
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 6, Basement, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5
Parking
4
Parking features
None
Interior features
Wall (Plaster), Attic, Plumbing (Mixed), Plumbing (PEX), Plumbing (PVC), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
Basement
Full, Unfinished, Storage Space
Appliances
Electric Water Heater
Subdivision
Knightsville
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
2,520 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Water source
Public
Building Details
Year built
2027
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood, Tile - Ceramic
Building materials
Plaster, Vinyl Siding
Buildings
1
Listing Agency:
Re/Max One · RE/MAX International
(401) 943-6111
Listed By:
Marko Harrington
(401) 641-1663
Added: Oct 28
Last Checked: Oct 29 at 6:06PM
MLS# 1427084
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.
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Investment Insights
Based on property information with market context.
Under construction at 80 Phenix Avenue, this duplex is planned as two residences with 2,520 square feet combined. Each unit is designed with three bedrooms, one full bathroom, and a half bathroom. The building is scheduled for completion in Spring 2027.
The property occupies a 0.1837-acre lot and is zoned B1. Planned construction includes vinyl siding, with carpet, hardwood, and ceramic tile flooring. Heating is electric heat pump, and the water source is public.
The property occupies a 0.1837-acre lot and is zoned B1. Planned construction includes vinyl siding, with carpet, hardwood, and ceramic tile flooring. Heating is electric heat pump, and the water source is public.
Key Highlights
- Two‑unit duplex with 2,520 square feet of total building area
- Each residence includes 3 bedrooms, 1.5 bathrooms, and approximately 1,260 square feet
- 0.1837‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,959
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,180
$839.2K
Cap Rate 7%
$599,414
$599.4K
Cap Rate 9%
$466,211
$466.2K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$64.1K $25.44/SF
− Vacancy
−$4.2K −$1.65/SF
EGI
$59.9K $23.79/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.0K $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%
$839,180
Cap Rate 7%
$599,414
Cap Rate 9%
$466,211
Alternative Uses
Best Use
Multifamily LT 5
$599.4K
$524.5K – $699.3K
NOI $41,959 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$475.7K
$416.3K – $555.0K
NOI $33,301 @ 7.0% cap · market cap 4.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
976
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence is planned with three bedrooms, one full bathroom, and a half bathroom.
Where is this duplex located?
The property is located at 80 Phenix Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,520 square feet of total building area; Each residence includes 3 bedrooms, 1.5 bathrooms, and approximately 1,260 square feet; 0.1837‑acre lot
