16 Colony Street
Cranston, RI, 02920 $ 850,000
Bedrooms6 Baths2.0 Sq 1,666 Monthly Estimate*
$ 5,367
for $850,000 with 6 bedrooms and 2 full baths. This 1,666 square foot home was built in 1924 on a lot size of 0.2755.
Exceptional Two-Family Investment Opportunity with Two Additional Lots! Don't miss this rare opportunity to own a well-maintained two-family home being sold with two additional lots. Each unit features 3 bedrooms and 1 full bathroom, with functional floor plans, spacious living areas, and abundant natural light. Recent updates include fresh interior paint, new carpeting in select areas, and new oil tanks installed in 2025, providing added value and peace of mind. A charming front porch offers the perfect place to relax, while a large storage shed with a roll-up door and concrete floor provides excellent space for equipment, tools, or additional storage. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major commuter routes, this property combines comfort, convenience, and long-term potential. The sale includes two additional lots. Buyers and buyers' agents must conduct their own due diligence regarding lot size, boundaries, zoning, buildability, permitted uses, utilities, and any other matters relating to the additional parcels. The seller makes no representations or warranties regarding the development potential or permitted uses of the lots. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this property presents a unique opportunity with added land value. Schedule your private showing today!
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FeaturesGeneralSewer Connected
Heating Baseboard Hot Water Oil
Cooling None
Utilities Sewer Connected
Possession Negotiable
Zoning A8
Garage Spaces 0
Patio/Porch Features Porch Screened
Security Features Security System Owned
Construction Materials Vinyl Siding
Year Built 1924
Electric 100 Amp Service Circuit Breakers
Tenant Pays Hot Water
Property Subtype Multi Family
Tax Year 2025
Community Features Highway Access Near Schools Public Transportation Restaurant Shopping
County Providence
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Western Cranston
Garage Y/N false
Other Structures Outbuilding
Total Rooms 10
Full Baths 2
Status Active
City Cranston
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 12000
Land Lease Y/N false
Tax Annual Amount 4877
Virtual Tour https://tour.RiLiving.com/16-Colony-Street-Cranston-RI-02920
Standard Status Active
Tax Assessed Value 351400
Tax Lot 1770 1771 1772
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InteriorInterior Amenities Interior Steps Tub Shower
Basement Full Interior Entry Unfinished
Flooring Carpet Ceramic Tile
Total Fireplaces 0
Fireplace Features None
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Common Area
Total Bedrooms 6
Total Baths 2
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ExteriorFencing Fenced
Parking Features No Garage
Lot Features Multiple lots
Water Source Connected
Total Parking 2
Inclusions Taxes Assessment and Lot Sq Footage reflect all 3 lots.
Lot Size Area 12000
Foundation Details See Remarks
Number of Buildings 1
Building Area Total 1666
Lot Size Acres 0.2755
Covered Spaces 0
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,367
- Monthly Property Taxes
- $406
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $722,441
Percent of Sale Price 15%
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 |
|---|
| 8/3/2026 | $850,000 | | Listed Price |