118 Arnold Avenue
Cranston, RI, 02905 $ 874,900
Bedrooms4 Baths4.0 Sq 5,352 Monthly Estimate*
$ 5,387
for $874,900 with 4 bedrooms and 4 full baths. This 5,352 square foot home was built in 1920 on a lot size of 0.3086.
Welcome home to a one-of-a-kind four-unit property in the heart of Edgewood. This stately and timeless residence is filled with charm and character, featuring tall ceilings, picture-frame pine floors, THREE fireplaces, coffered and beamed ceilings, arched hallways, oversized windows, gorgeous trim, and solid paneled doors. Built with exceptional craftsmanship, this home showcases architectural details rarely found today. Updates throughout the seller's ownership include renovated kitchens and bathrooms, ss appliances, rebuilt chimney, fire alarm system, re-sided garage, insulation, plumbing improvements, and five electrical panels. A high-efficiency natural gas-fired indirect heat and hot water system is only 5 years young.Perfect for owner-occupants and investors alike, rental income can help offset your mortgage. Edgewood remains a highly desirable rental location near JWU, Brown, RISD, Edgewood and RI Yacht Clubs, Downtown Providence, RW Park, shopping, dining, beaches, and Boston. The low-maintenance exterior offers vinyl siding and outdoor sitting areas. A detached two-car garage with loft space provides excellent storage and future potential, including possible ADU opportunities (buyer to perform due diligence). All tenants are month-to-month, offering flexibility for future plans. Owned by the same family for 43 years, this remarkable property is a true testament to pride of ownership. Location, location, location there's a reason Edgewood listings are so hard to find!
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FeaturesGeneralSewer Connected Public Sewer
Heating Baseboard Gas Hot Water
Cooling None
Utilities Sewer Connected
Possession Negotiable
Garage Spaces 2
Construction Materials Drywall Plaster Vinyl Siding
Year Built 1920
Electric 100 Amp Service Circuit Breakers Separate Meters
Levels One
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Walk to Water
Community Features Highway Access Marina Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Sidewalks
County Providence
Operating Expense 0
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name Edgewood
Garage Y/N true
Total Rooms 12
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 13444
Land Lease Y/N false
Tax Annual Amount 8472.35
Virtual Tour https://tour.RiLiving.com/118-Arnold-Avenue-Cranston-RI-02905
Structure Type Apartment
Standard Status Active
Tax Assessed Value 610400
Tax Lot 1716
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InteriorInterior Amenities Tub Shower
Basement Full Interior Entry Unfinished
Flooring Hardwood Vinyl
Total Fireplaces 3
Fireplace Features Free Standing Masonry
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Window Features Thermal Windows
Fireplace Y/N true
Half Baths 0
Laundry Features Common Area
Total Bedrooms 4
Total Baths 4
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ExteriorParking Features Detached Garage
Water Source Connected Public
Total Parking 10
Inclusions Rents are currently WELL below market value. Seller pays for: Common lights washer dryer (electric dryer) water sewer heat hot water. Tenants pay for their own electric.
Lot Size Area 13444
Foundation Details Combination See Remarks Stone
Number of Buildings 2
Building Area Total 5352
Lot Size Acres 0.3086
Covered Spaces 2
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* Excluded FeaturesList BySamantha@Samanthajuneteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,387
- Monthly Property Taxes
- $706
- 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.
Learn more about how to save NearbyMulti-family listings in Cranston, RI
Average List Price $614,983
Percent of Sale Price 30%
About Cranston, RI 81,883 Population
3% Since 2002
$ 62,205 Median Income
42.14 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/6/2026 | $874,900 | | Listed Price |