41 Washington Avenue, Cranston, RI 02920
Local realty services provided by:ERA Key Realty Services
Upcoming open houses
- Sat, May 1612:00 pm - 02:00 pm
Listed by: marco harrington
Office: re/max one
MLS#:1412357
Source:RI_STATEWIDE
Price summary
- Price:$609,000
- Price per sq. ft.:$121.19
About this home
4-family in Cranston offering a strong value-add opportunity for investors or experienced buyers. The property features a desirable unit mix with two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor, and a 2-bedroom unit on the third floor.
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...
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Home facts
- Year built:1920
- Listing ID #:1412357
- Added:1 day(s) ago
- Updated:May 14, 2026 at 08:54 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:15
- Flooring:Laminate
- Bathrooms Description:Tub Shower
- Kitchen Description:Oven, Range, Refrigerator
- Basement:Yes
- Basement Description:Full, Interior Entry, Unfinished
- Living area:5,025 sq. ft.
Heating and cooling
- Heating:Baseboard, Forced Air, Gas
Structure and exterior
- Year built:1920
- Building area:5,025 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Corner Lot
- Construction Materials:Drywall, Plaster, Vinyl Siding
- Exterior Features:Paved Driveway, Porch
- Foundation Description:Brick Mortar, Stone
Utilities
- Water:Connected, Public
- Sewer:Connected, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$609,000
- Price per sq. ft.:$121.19
- Tax amount:$5,442 (2026)
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:Common Area
- Amenities:Gas Water Heater, Thermal Windows, Water Heater
Parking
- Total parking spaces:4
- Parking description:No Garage, Paved Driveway
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