41 Washington AVE Cranston, RI 02920
8 Beds
4 Baths
5,025 SqFt
Open House
Sat May 16, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,025 sqft
Price per Sqft $121
Subdivision Arlington
MLS Listing ID 1412357
Style Stacked
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 5,025
Year Built 1920
Annual Tax Amount $5,442
Tax Year 2026
Lot Size 5,501 Sqft
Acres 0.1263
Property Sub-Type Multi Family
Property Description
Recent improvements include remodeled kitchens in Units 1R and 2F, newer vinyl siding, replacement windows, and upgraded mechanicals. Interior conditions vary, with select units recently updated while others offer additional upside through cosmetic improvements and rent optimization.
Ideal opportunity for investors seeking cash flow, forced appreciation, or long-term portfolio growth in a strong Cranston rental market. Property offers multiple income streams with clear value-add potential.
Property is being sold as-is. Seller will not perform repairs or upgrades beyond any basic safety items deemed necessary for closing.
Sale is subject to seller obtaining suitable housing. Seller may also consider a short-term rent-back period after closing if mutually agreeable.
Conservative Estimates for Market Rents: 1F Rear Studio $1,550 | 1F Front 1BR $1,750 | 2F 3BR $2,150 | 3F 3BR $2,050
Estimated Gross Annual Income Potential: $90,000.00
Location
State RI
County Providence
Community Arlington
Zoning M2
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Attic, Tub Shower
Heating Baseboard, Forced Air, Gas
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Window Features Thermal Windows
Appliance Gas Water Heater, Oven, Range, Refrigerator, Water Heater
Laundry Common Area
Exterior
Exterior Feature Porch, Paved Driveway
Community Features Highway Access, Near Schools, Public Transportation, Restaurant, Shopping, Sidewalks
Utilities Available Sewer Connected
Porch Porch
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Foundation Brick/Mortar, Stone
Sewer Connected, Public Sewer
Water Connected, Public
Architectural Style Stacked
Additional Building Outbuilding
Structure Type Drywall,Plaster,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 41WASHINGTONAVCRAN
Acceptable Financing Lease Back
Listing Terms Lease Back
Virtual Tour https://tour.RiLiving.com/41-Washington-Avenue-Cranston-RI-02920
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