Two-Family Residential Income
93 Whipple Avenue Cranston, RI 02920
New
93 Whipple Avenue, Cranston, RI, 02920
$549,900
For Sale
$549,900
MULTI_FAMILY - Cranston, RI
Property Size2,030 SF
Lot Size0.09 Acres
Price / SF$270.89
Days on Market2
Property Features for 93 Whipple Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Basement, Bedroom 1, Bedroom 5, Bathroom 2
- Parking
- 2
- Parking features
- None
- Patio and Porch features
- Patio, Porch
- Interior features
- Wall (Dry Wall), Wall (Plaster), Attic Storage, Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Patio, Porch
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,030 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5309
Utilities
- Heating system
- Oil, Baseboard, Steam
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood
- Building materials
- Dry Wall, Plaster, Vinyl Siding
- Additional Structures
- Storage
Listing agency
The Mello Group, Inc.
(508) 640-0505
Listed by
Tina Hartley
(508) 640-0505
Added: Jul 21 Checked: Jul 22 at 2:06AM
MLS# 1418457
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 well-maintained two-family home includes two separate residential units. The first-floor unit features an oversized living room with abundant windows, a spacious eat-in kitchen, three bedrooms, and a full bath. The second-floor unit has two bedrooms, a large living room, a dining room, a full bath, and a private porch. Hardwood floors are present in the living rooms and bedrooms of both units.
Outside, the property offers a fenced backyard with a patio. The home is located near shopping, restaurants, schools, and major highways.
The configuration is suited for separate living arrangements within the same structure, supported by the distinct unit layouts across the first and second floors.
Outside, the property offers a fenced backyard with a patio. The home is located near shopping, restaurants, schools, and major highways.
The configuration is suited for separate living arrangements within the same structure, supported by the distinct unit layouts across the first and second floors.
Key Highlights
- Two‑family home built in 1920 with 5 total bedrooms and 2 bathrooms
- First‑floor unit: oversized living room, eat‑in kitchen, 3 bedrooms, and a full bath
- Second‑floor unit: large living room and dining room, 2 bedrooms, full bath, and a private porch
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 | $51.6k | $25.44 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $48.3k | $23.79 |
| − OpEx | −$14.5k | −$7.14 |
| NOI | $33.8k | $16.65 |
2,030 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$482.9K
$422.5K – $563.3K
NOI $33,800 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,825 @ 7.0% cap · market cap 4.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with hardwood floors, two separate units, and a fenced backyard with patio.
Where is this duplex located?
The property is located at 93 Whipple Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑family home built in 1920 with 5 total bedrooms and 2 bathrooms; First‑floor unit: oversized living room, eat‑in kitchen, 3 bedrooms, and a full bath; Second‑floor unit: large living room and dining room, 2 bedrooms, full bath, and a private porch
