16 Colony Street
Cranston, RI, 02920 $ 560,000
Bedrooms6 Baths2.0 Sq 1,666 Monthly Estimate*
$ 3,868
for $560,000 with 6 bedrooms and 2 full baths. This 1,666 square foot home was built in 1924 on a lot size of 0.18.
Don't miss this rare opportunity to own a well-maintained two-family home (lot #1771) being sold with an additional lots #1770 and #1772. 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. Buyers and buyers' agents must conduct their own due diligence regarding lots #1770 and #1772 size, boundaries, zoning, buildability, permitted uses, utilities, and any other matters relating to the additional lots #1770 and #1772. The seller makes no representations or warranties regarding the development potential or permitted uses of lots #1770 and #1772. 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 Close Through 45 Days
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 1000
New Construction false
Property Type Residential Income
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 7840
Land Lease Y/N false
Tax Annual Amount 4733
Standard Status Active
Tax Assessed Value 341000
Tax Lot 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
Lot Size Area 7840
Foundation Details See Remarks
Number of Buildings 1
Building Area Total 1666
Lot Size Acres 0.18
Covered Spaces 0
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,868
- Monthly Property Taxes
- $394
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $701,831
Percent of Sale Price 25%
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 |
|---|
| 10/28/2026 | $560,000 | | Listed Price |