Perfect investment opportunity or for an owner-occupant looking for rental income to offset their mortgage in Edgewood! Legal two-family home with two 2-bedroom units and a bonus 1-bedroom unit on the 3rd floor that has additional income potential for the new owner. All units are in very good condition. Private storage area for each unit in the basement. Roof is only 3.5 years old. Current rents do not reflect market values! Centrally located close to public transportation, Roger Williams Park, JWU Harborside, highway access, and minutes from Pawtuxet Village. Sold "As-Is".
Sold for $395,000 on 06/07/23
$395,000
362 Smith St, Cranston, RI 02905
5beds
2,293sqft
Multi Family
Built in 1920
-- sqft lot
$549,600 Zestimate®
$172/sqft
$2,239 Estimated rent
Home value
$549,600
$511,000 - $594,000
$2,239/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 08, 2023 at 06:31am
Listed by:
David Cherry 401-641-1879,
Keller Williams Leading Edge
Bought with:
Feidie Wang
South Earth Realty
Source: StateWide MLS RI,MLS#: 1332546
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Electric, Natural Gas, Baseboard, Forced Air
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Laminate, Carpet
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,293
- Total interior livable area: 2,293 sqft
Property
Parking
- Total spaces: 5
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 3,049 sqft
Details
- Parcel number: CRANM24L1934U
- Zoning: B1
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Highway Access, Hospital, Interstate, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
Location
- Region: Cranston
- Subdivision: Edgewood
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2023 | Sold | $395,000+8.2%$172/sqft |
Source:  StateWide MLS RI #1332546 | ||
| 4/20/2023 | Pending sale | $365,000$159/sqft |
Source: StateWide MLS RI #1332546 | ||
| 4/13/2023 | Listed for sale | $365,000+551.8%$159/sqft |
Source: StateWide MLS RI #1332546 | ||
| 8/9/1994 | Sold | $56,000$24/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,706 +2% | $411,100 |
| 2024 | $5,595 +25.9% | $411,100 +74.9% |
| 2023 | $4,443 +2.1% | $235,100 |
Find assessor info on the county website
Neighborhood: 02905
Nearby schools
GreatSchools rating
- 5/10Edgewood Highland SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Park View Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Cranston High School EastGrades: 9-12Distance: 2 mi
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$549,600
2% more+ $10,992
With Zillow Showcase(estimated)
$560,592