$525,000
OPEN SAT 1PM - 2PM

2 Gansett Ave Cranston, RI 02920

Arlington Neighborhood

Estimated payment $3,050/month

4 Beds
2.5 Baths
2,457 Sq Ft
$214 Price per Sq Ft

Highlights

  • Wood Flooring
  • Public Transportation
  • Baseboard Heating
  • Bathtub with Shower
  • Shops
  • Utility Room

About This Home

Exceptional visibility at a prominent four-corner intersection highlights this well-maintained three-unit mixed-use building. The first floor features an attractive, updated commercial storefront with gas-forced hot-air heat ideal for a variety of business uses. The second and third floors each offer, two-bedroom apartment and fully applianced. Rented units are on a month-to-month basis and feature gas baseboard heating, gas hot water, and separate utilities. An updated, hardwired, fire-code compliant alarm system is already in place. This property presents an outstanding opportunity for investors or owner-occupants seeking strong visibility and reliable rental income. Will qualify for FHA financing and conventional loan.

Listing Agent

Ronald DeLeon

RE/MAX New Horizons License #REB.0019721 Listed on: 11/24/2025

RE/MAX New Horizons

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,416

Year Built

  • Built in 1920

Lot Details

  • 1,457 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Brick Foundation
  • Combination Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 2,457 Sq Ft Home
  • 3-Story Property
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 1 Parking Space
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 3478
  • Assessor Parcel Number 2GANSETTAVCRAN

Community Details

Overview

  • 3 Units
  • Cranston St Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,416

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0334
  • Subdivision Name: Cranston St
  • Above Grade Finished Sq Ft: 2457.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: OpenHouse

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Bathtub, Interior Steps, Stall Shower, Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 3

Exterior Features

  • Lot Features: Paved
  • Construction Type: Plaster, Masonry, Vinyl Siding
  • Foundation Details: Brick/Mortar, Combination, Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Restaurant, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1457.0
  • Parcel #: 2GANSETTAVCRAN
  • Zoning: C2

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3416.0
  • Tax Lot: 3478
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,416 $246,100 $56,400 $189,700
2024 -- $246,100 $56,400 $189,700
2023 $0 $194,500 $48,400 $146,100
2022 $0 $194,500 $48,400 $146,100
2021 $0 $194,500 $48,400 $146,100
2020 $0 $172,600 $35,500 $137,100
2019 $5,378 $172,600 $35,500 $137,100
2018 $0 $172,600 $35,500 $137,100
2017 $0 $149,000 $32,200 $116,800
2016 $4,235 $149,000 $32,200 $116,800
2015 $4,235 $149,000 $32,200 $116,800
2014 $4,235 $123,600 $40,300 $83,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2025 11/24/25 For Sale $525,000 +138.6% $214 / Sq Ft
11/01/2018 11/01/18 Sold $220,000 -14.0% $90 / Sq Ft View Prior Sale
10/02/2018 10/02/18 Pending -- -- --
06/02/2018 06/02/18 For Sale $255,900 -- $104 / Sq Ft
Source: State-Wide MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $220,000 --
Warranty Deed $220,000 --
Warranty Deed $75,000 --
Warranty Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,015 FHA
Closed $216,015 FHA
Previous Owner $79,880 Commercial
Source: Public Records

Source: State-Wide MLS

MLS Number: 1400662

State-Wide MLS

APN: CRAN-000007-000005-003748

Rhode Island Providence County Cranston 02920 Arlington

2 Gansett Ave, Cranston, RI

For Sale

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Ronald DeLeon
Listing Agent
Ronald DeLeon
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RE/MAX New Horizons
(401) 389-4583