For sale

$724,900

1340 Cranston St, Cranston, RI 02920

5beds

3,101sqft

$5,131/mo

Get pre-qualified

Multi Family

Built in 1930

-- sqft lot

$709,000 Zestimate^®

$234/sqft

$-- HOA

What's special

Updated unitsDining roomUnique cottage-style setupGenerously sized bedrooms

Excellent opportunity to own a versatile three-family property featuring a recently renovated and vacant first-floor unit. The first floor offers a spacious kitchen with tons of cabinet space, generously sized bedrooms, and two full bathrooms, providing the next owner with the flexibility to occupy the unit or lease it at their discretion. Unit 2 features a unique cottage-style setup with a dining room, two full bathrooms, and a rooftop deck for additional outdoor space. The side unit has also been recently renovated, adding to the property's appeal. The units feature separate gas and electric utilities, with additional income potential from the vacant unit and room for future rental growth. Conveniently located just a short drive from Downtown Providence, this property offers a compelling combination of immediate income, vacancy, updated units, and long-term potential for an owner-occupant or investor.

33 days
314
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5

Bathroom

Features: Bath w Tub, Bath w Shower Stall

Heating

Electric, Natural Gas, Baseboard

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Microwave, Refrigerator, Electric Water Heater, Gas Water Heater

Features

Wall (Dry Wall)
Flooring: Vinyl, Carpet
Basement: Full,Interior Entry,Unfinished,Utility
Has fireplace: No

Interior area

Total structure area: 4,473
Total interior livable area: 3,101 sqft

Property

Parking

Total spaces: 4
Parking features: No Garage

Features

Stories: 3

Lot

Size: 7,405 Square Feet

Details

Parcel number: CRANM82L480U
Zoning: C2

Construction

Type & style

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

Materials

Dry Wall, Vinyl Siding

Condition

New construction: No
Year built: 1930

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Municipal

Community & HOA

HOA

Has HOA: No

Location

Region: Cranston

Financial & listing details

Price per square foot: $234/sqft
Tax assessed value: $260,500
Annual tax amount: $3,616
Date on market: 9/9/2026
Inclusions: Rear parking lot is leased by McShawn's Pub next door at $500/month. Seller is working on terminating that lease, but can leave it in place if the new owner prefers to keep the income.
Total actual rent: 3370
Tenant pays: Heat

Estimated market value

$709,000

$674,000 - $744,000

$1,975/mo

Price history

Date	Event	Price
9/9/2026	Listed for sale	$724,900+68.6%$234/sqft
Source: StateWide MLS RI #1421970 Report a problem
12/31/2024	Sold	$430,000+290.9%$139/sqft
Source: Public Record Report a problem
2/16/2016	Sold	$110,000-48.8%$35/sqft
Source: Public Record Report a problem
3/11/2015	Sold	$215,000-11%$69/sqft
Source: Public Record Report a problem
5/12/2010	Sold	$241,565-19.5%$78/sqft
Source: Public Record Report a problem
12/15/2005	Sold	$300,000$97/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,616	$260,500
2024	--	$260,500 +16%
2023	--	$224,500
2022	--	$224,500
2021	--	$224,500 +9.5%
2020	$6,062 -5.1%	$205,000
2019	$6,388	$205,000
2018	--	$205,000 +4.3%
2017	$7,609	$196,500 +0.9%
2016	$7,609	$194,700
2015	$7,609	$194,700 -16.7%
2011	--	$233,700
2010	--	$233,700
2009	--	$233,700 -7.9%
2008	--	$253,800
2007	--	$253,800
2006	--	$253,800 +39.1%
2004	--	$182,400
2003	--	$182,400