41 Washington Avenue Cranston, RI $ 609,000
41 Washington Avenue
$ 609,000
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41 Washington Avenue

Cranston, RI, 02920
$ 609,000
Bedrooms8 Baths4.0 Sq 5,025

Monthly Estimate*

$ 3,750

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Multi-Family Home for sale in Cranston, RI

for $609,000 with 8 bedrooms and 4 full baths. This 5,025 square foot home was built in 1920 on a lot size of 0.1263.

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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Multi-Family Active

Price

$ 609,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,442

Style

Lot Size

0.1263

Year Built

1920

Town/City

Cranston

County/Region

Providence

MLS | Web ID

1412357

Features
General
Sewer Connected Public Sewer
Heating Baseboard Forced Air Gas
Cooling None
Utilities Sewer Connected
Possession Negotiable
Zoning M2
Garage Spaces 0
Patio/Porch Features Porch
Construction Materials Drywall Plaster Vinyl Siding
Year Built 1920
Electric 100 Amp Service Circuit Breakers Separate Meters
Property Subtype Multi Family
Tax Year 2026
Community Features Highway Access Near Schools Public Transportation Restaurant Shopping Sidewalks
County Providence
Operating Expense 8000
New Construction false
Property Type Residential Income
Subdivision Name Arlington
Garage Y/N false
Other Structures Outbuilding
Total Rooms 15
Full Baths 4
Status Active
City Cranston
Senior Community Y/N false
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 5500
Land Lease Y/N false
Tax Annual Amount 5442
Virtual Tour https://tour.RiLiving.com/41-Washington-Avenue-Cranston-RI-02920
Standard Status Active
Tax Assessed Value 392100
Tax Lot 74
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Interior
Interior Amenities Attic Tub Shower
Basement Full Interior Entry Unfinished
Flooring Laminate
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Window Features Thermal Windows
Fireplace Y/N false
Half Baths 0
Laundry Features Common Area
Total Bedrooms 8
Total Baths 4
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Exterior
Exterior Amenities Porch Paved Driveway
Parking Features No Garage
Lot Features Corner Lot
Water Source Connected Public
Total Parking 4
Lot Size Area 5500
Foundation Details Brick/Mortar Stone
Number of Buildings 1
Building Area Total 5025
Lot Size Acres 0.1263
Covered Spaces 0
Door Features Storm Door(s)
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* Excluded Features
List By
Re/Max One

Broker

markharrington@remax.net

Email

Affordability Calculator

$4,203
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,750
Monthly Property Taxes
$454
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$609,000 Listed Price

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41 Washington Avenue, Cranston, RI, 02920 is a Multi-Family Home for sale at $609,000 with 5,025 sqft and a lot size of 0.1263. 41 Washington Avenue has 8 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 02920 which is in Cranston, RI