872 Park Ave, Cranston, RI 02910
Two 2-bedroom apartments plus three private offices with central air and ample parking support owner-occupancy or investment use.
- Added:
- Jan 24, 2026
- Days on Market:
- 137
- Last Refresh:
- Jun 8 at 1:37 am
Property Features for 872 Park Ave
General Information
- Standard status
- Active
- Size
- 3,911 SF
Listing agent Ralph Gianfrancesco (401) 524-4245
Listing office HomeSmart Professionals (401) 524-4245
Listing date Jan 24, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart Professionals
HighLights
- Two residential units, each with 2 bedrooms
- Three private offices on‑site
- Central air on the first level
- Finished lower level offering potential expansion
- 10 off‑street parking spaces
Overview
The property is located on a major, high-traffic street in Cranston. Off-street parking is a key attribute, with 10 parking spaces available for tenants, employees, visitors, or residents.
For tenants and owner-occupants, the layout supports a flexible live-work or work-with-residential model, with dedicated office space and separate apartment units. For investors, the presence of both income-producing residential units and an office component may appeal to buyers seeking a diversified use profile within one building. The ample parking and central air on the first level also help the property function smoothly for day-to-day operations.
Local 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 | $99.5k | $25.44 |
| − Vacancy | −$6.5k | −$1.65 |
| EGI | $93.0k | $23.79 |
| − OpEx | −$27.9k | −$7.14 |
| NOI | $65.1k | $16.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4372799
- Latitude
- 41.7792198
