New Listing - 05/13/2026
41 Washington Avenue, Cranston, RI, 02920
15 rooms
8 beds
4 Full baths
1920
Stacked
4-family in Cranston offering a strong value-add opportunity for investors or experienced buyers. The property features a desirable unit mix with two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor, and a 2-bedroom unit on the third floor. Recent improvements include remodeled kitchens in Units 1R and 2F, newer vinyl siding, replacement windows, and upgraded mechanicals. Interior conditions vary, with select units recently updated while others offer additional upside through cosmetic improvements and rent optimization. Ideal opportunity for investors seeking cash flow, forced appreciation, or long-term portfolio growth in a strong Cranston rental market. Property offers multiple income streams with clear value-add potential. Property is being sold as-is. Seller will not perform repairs or upgrades beyond any basic safety items deemed necessary for closing. Sale is subject to seller obtaining suitable housing. Seller may also consider a short-term rent-back period after closing if mutually agreeable. Conservative Estimates for Market Rents: 1F Rear Studio $1,550 | 1F Front 1BR $1,750 | 2F 3BR $2,150 | 3F 3BR $2,050 Estimated Gross Annual Income Potential: $90,000.00
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Common Area
Units:
4
Zoning:
M2
Subdivision:
Arlington
Garage:
No Garage
Heating:
Baseboard, Forced Air, Gas
Cooling:
None
Basement:
Full, Interior Entry, Unfinished
Parking:
4-car
Acreage:
0.13
Est. Taxes:
$5,442
Assessment
$392,100
Construction
Drywall,Plaster,Vinyl Siding
Utilities
Sewer Connected
Lot Description:
Corner Lot
Amenities:
Highway Access, Near Schools, Public Transportation, Restaurant, Shopping, Sidewalks
Days on Market:
9
Appliances:
Gas Water Heater, Oven, Range, Refrigerator, Water Heater
MLS #:
1412357
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of RE/MAX One 401-943-6111