Mixed-use, commercial, and residential property with extra lot! Originally two single-family homes, this distinctive property has been thoughtfully combined to create a versatile 6200 sq ft mixed use offering with an extra LOT!!!!. Featuring an oversized two-car garage with a spacious studio above, this area is ideal for a dance studio, large office or creative workspace. One side showcases a beautifully maintained residential home with three bedrooms, a granite kitchen, a comfortable family room, and additional office space-perfect for today's flexible needs. Zoned C5, the property allows for a wide range of business opportunities. Additional spaces are currently configured for office use, including medical/dental, with flexibility to accommodate various professional, commercial, or residential applications. The lower level includes a full apartment. The added bonus is the inclusion of an extra lot, offering even more potential for expansion, additional parking, outdoor use, or future development (subject to approvals).
For sale
$1,295,000
1040 Cranston St, Cranston, RI 02920
5beds
6,100sqft
Multi Family
Built in 1900
-- sqft lot
$1,231,000 Zestimate®
$212/sqft
$-- HOA
What's special
Oversized two-car garageBeautifully maintained residential homeThree bedroomsGranite kitchenExtra lotAdditional office spaceComfortable family room
- 170 days
- 218
- 3
Zillow last checked:
Listing updated:
Listed by:
Terry Cipolla 401-787-0512,
First Choice Real Estate Group
Source: StateWide MLS RI,MLS#: 1409521
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Natural Gas, Baseboard, Forced Air, Forced Water, Gas Connected
Cooling
- Central Air, Ductless
Appliances
- Included: Gas Water Heater
- Laundry: In Unit
Features
- Wall (Dry Wall), Plumbing (Mixed)
- Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
- Basement: Full,Interior and Exterior,Finished,Bath/Stubbed,Family Room,Kitchen,Laundry,Living Room
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 6,298
- Total interior livable area: 6,100 sqft
Property
Parking
- Total spaces: 14
- Parking features: Attached, Driveway
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.33 Acres
- Features: Extra Lot, Paved, Security
Details
- Parcel number: CRANM72L755U
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 150 Amp Service
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Security: Security System Leased
HOA
- Has HOA: No
Location
- Region: Cranston
Financial & listing details
- Price per square foot: $212/sqft
- Tax assessed value: $437,800
- Annual tax amount: $10,500
- Date on market: 4/8/2026
- Total actual rent: 5000
Estimated market value
$1,231,000
$1.17M - $1.29M
$2,363/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $1,295,000$212/sqft |
Source:  StateWide MLS RI #1409521 Report a problem | ||
| 11/16/2025 | Listing removed | $2,300 |
Source: Zillow Rentals Report a problem | ||
| 9/27/2025 | Listed for rent | $2,300 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,077 | $437,800 |
| 2024 | -- | $437,800 +15.7% |
| 2023 | -- | $378,400 |
| 2022 | -- | $378,400 |
| 2021 | -- | $378,400 +15.2% |
| 2020 | -- | $328,400 |
| 2019 | -- | $328,400 |
| 2018 | -- | $328,400 +2.9% |
| 2017 | -- | $319,200 |
| 2016 | -- | $319,200 |
| 2015 | $11,426 | $319,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 02920
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