For sale

$525,000

2 Gansett Ave, Cranston, RI 02920

4beds

2,586sqft

Est.:

Multi Family

Built in 1920

-- sqft lot

$522,100 Zestimate^®

$203/sqft

$-- HOA

What's special

Gas-forced hot-air heatTwo-bedroom apartmentAttractive updated commercial storefrontSeparate utilities

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.

17 days

1,054

43

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Bathroom

Features: Bath w Tub, Bath w Shower Stall, Bath w Tub & Shower

Heating

Natural Gas, Baseboard

Cooling

None

Appliances

Included: Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
Laundry: In Building

Features

Wall (Plaster), Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Walls)
Flooring: Ceramic Tile, Hardwood, Laminate
Basement: Full,Interior Entry,Unfinished,Utility
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,457
Total interior livable area: 2,586 sqft

Property

Parking

Total spaces: 1
Parking features: No Garage

Features

Stories: 3

Lot

Size: 1,454.9 Square Feet
Features: Paved, Sidewalks

Details

Parcel number: CRANM75L3748U
Zoning: C2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Plaster, Masonry, Vinyl Siding
Foundation: Brick/Mortar, Concrete Perimeter, Mixed

Condition

New construction: No
Year built: 1920

Utilities & green energy

Electric: 100 Amp Service
Sewer: Public Sewer
Water: Municipal
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Near Public Transport, Commuter Bus, Highway Access, Public School, Restaurants, Schools, Near Shopping
Subdivision: Cranston St

HOA

Has HOA: No

Location

Region: Cranston

Financial & listing details

Price per square foot: $203/sqft
Tax assessed value: $246,100
Annual tax amount: $3,416
Date on market: 11/24/2025
Total actual rent: 4600
Tenant pays: Heat

Estimated market value

$522,100

$496,000 - $548,000

$2,139/mo

Price history

Date	Event	Price
11/24/2025	Listed for sale	$525,000+138.6%$203/sqft
Source: StateWide MLS RI #1400662 Report a problem
11/1/2018	Sold	$220,000-2.6%$85/sqft
Source: StateWide MLS RI #1193805 Report a problem
9/18/2018	Listed for sale	$225,900$87/sqft
Source: RE/MAX 1st Choice #1193805 Report a problem
9/18/2018	Pending sale	$225,900$87/sqft
Source: RE/MAX 1st Choice #1193805 Report a problem
9/14/2018	Pending sale	$225,900$87/sqft
Source: RE/MAX 1st Choice #1193805 Report a problem