Turnkey Triplex Development
For Sale
$479,900
822 Atwood, Cranston, RI 02920
Approved plans for a three-unit triplex on two commercially zoned lots in a high-traffic setting.
Property SizeContact for details
Days on Market58
Property Features for 822 Atwood
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Zoning
C-2
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,580
Amenities
Corner Lot
Level
Paved
Building Details
Tenancy
Multi
Listing Agency:
ERA EMPIRE REAL ESTATE
(401) 217-4442
Listed By:
JIMMY RANIERI
Source:
Corcoran
Added: Jun 16
Changed: Aug 10
Last Checked: Aug 11 at 8:14AM
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 ERA EMPIRE REAL ESTATE
Investment Insights
Based on property information with market context.
This offering includes two vacant lots with turnkey building plans for a three-residential-unit triplex. The current approved layout calls for a spacious first-floor apartment with two bedrooms and one full bath, along with two efficient one-bedroom units on the second floor. The property has undergone a comprehensive redevelopment, described as nearly complete, designed to deliver the benefits of effectively new construction with fewer near-term maintenance concerns.
The sites are commercially zoned C-2 and positioned in a high-visibility, high-traffic location, supporting flexible redevelopment opportunities for residential or mixed-use applications under the provided plans. The seller/developer is also offering a completed project under MLS #1414237.
For tenants or owner-occupants, the plan provides a clear mix of unit types, including a larger two-bedroom unit and two one-bedroom options. For investors, the configuration is built around three separate residential units within one development plan, which can support straightforward occupancy planning once the project is finalized.
The sites are commercially zoned C-2 and positioned in a high-visibility, high-traffic location, supporting flexible redevelopment opportunities for residential or mixed-use applications under the provided plans. The seller/developer is also offering a completed project under MLS #1414237.
For tenants or owner-occupants, the plan provides a clear mix of unit types, including a larger two-bedroom unit and two one-bedroom options. For investors, the configuration is built around three separate residential units within one development plan, which can support straightforward occupancy planning once the project is finalized.
Key Highlights
- Two vacant lots with approved plans for a 3‑unit triplex.
- Plans include one 2‑bedroom, 1‑bath first‑floor apartment and two 1‑bedroom units on the second floor.
- Lots are zoned C‑2 (commercial), offering flexibility for residential or mixed‑use applications.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
814
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?
Triplex - Approved plans for a three-unit triplex on two commercially zoned lots in a high-traffic setting.
Where is this triplex located?
The property is located at 822 Atwood Cranston, RI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two vacant lots with approved plans for a 3‑unit triplex.; Plans include one 2‑bedroom, 1‑bath first‑floor apartment and two 1‑bedroom units on the second floor.; Lots are zoned C‑2 (commercial), offering flexibility for residential or mixed‑use applications.
