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    189 Smith St Smith St Cranston, RI 02905

    Sponsored
    For Sale
    $599,000

    Prime Cranston location, 3 units, $599,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 189 Smith Street in Cranston, Rhode Island, presents a compelling investment opportunity. The 3,310 square foot lot houses a single building constructed in 1930, featuring a total of three units. The configuration includes a mix of commercial and residential spaces, offering a diversified income stream. Currently, two of the three units are occupied, generating immediate rental income. The property includes a two-car garage, providing additional rental potential or valuable storage space. The residential units boast elegant hardwood floors. This well-maintained property is situated in a high-demand area of Cranston, promising strong rental potential and future appreciation. The asking price is $599,000. This is an ideal opportunity for investors seeking a stable, income-producing asset in a desirable Rhode Island location. The property's blend of commercial and residential units provides a balanced portfolio, mitigating risk and maximizing returns. The existing tenants provide immediate cash flow, while the potential to increase rental rates offers further upside. The two-car garage adds to the overall value and versatility of this attractive investment. Located in Providence County, Rhode Island, with a 02905 zip code, this property offers easy access to local amenities and transportation. This meticulously maintained building represents a rare opportunity to acquire a well-positioned mixed-use property in a thriving Cranston neighborhood.

    Property Features for 189 Smith St Smith St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1930
    Buildings
    1
    Units
    3

    HighLights

    • Mixed‑use property at 189 Smith Street, Cranston, RI, offering diversified income.
    • 3,310 sq ft lot with a 1930‑built, three‑unit building (two currently occupied).
    • Features a two‑car garage, adding rental or storage potential.
    • $599,000 asking price in a high‑demand Cranston location.
    • Elegant hardwood floors in residential units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3949919
    Latitude
    41.7851298

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    FAQs

    What type of property is this?
    Retail property - Prime Cranston location, 3 units, $599,000
    Where is this retail property located?
    The property is located at 189 Smith St Smith St Cranston, RI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Mixed-use property at 189 Smith Street, Cranston, RI, offering diversified income.; 3,310 sq ft lot with a 1930-built, three-unit building (two currently occupied).; Features a two-car garage, adding rental or storage potential.
    Request Owner's contact information
    189 Smith St Smith St Cranston, RI 02905
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    Cranston, RI 02905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    189 Smith St Smith St Cranston, RI 02905
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