FOUR-UNIT investment opportunity in Cranston with strong potential for investors and buyers looking to build equity. The building consists of four one-bedroom units, each with similar layout and ready for updates, offering the opportunity to renovate and maximize rental income. On-site parking is also available for each unit. Major systems have been addressed, including a young roof, heating system, hot water heater, and updated electrical service. With high demand for multi-family properties, this property provides an opportunity to generate rental income and build long-term equity. Property is being sold as-is.
Sold for $523,500
$523,500
1609 Elmwood Ave, Cranston, RI 02910
4beds
2,405sqft
Multi Family
Built in 1920
-- sqft lot
$527,100 Zestimate®
$218/sqft
$2,501 Estimated rent
Home value
$527,100
$469,000 - $596,000
$2,501/mo
Zestimate® history
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List your homeWhat's special
Young roofUpdated electrical serviceFour one-bedroom unitsHot water heaterHeating system
Zillow last checked:
Listing updated:
Listed by:
Renee Raymond 401-527-1251,
Williams & Stuart Real Estate
Bought with:
Kimberly Machado, RES.0043570
Heritage Realty Group, LLC
Source: StateWide MLS RI,MLS#: 1411436
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Steam
Cooling
- None
Appliances
- Included: Gas Water Heater, Oven/Range, Refrigerator
Features
- Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Hardwood, Laminate, Carpet
- Basement: Full,Bulkhead,Unfinished,Storage Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,576
- Total interior livable area: 2,405 sqft
Property
Parking
- Total spaces: 5
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 7,461 Square Feet
- Features: Corner Lot
Details
- Parcel number: 1609ELMWOODAVCRAN
- Zoning: c5
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Highway Access, Hospital, Public School, Restaurants, Schools, Near Shopping
HOA
- Has HOA: No
Location
- Region: Cranston
Financial & listing details
- Price per square foot: $218/sqft
- Annual tax amount: $6,127
- Date on market: 5/5/2026
- Inclusions: Unit square footage is estimated. All four units are essentially ~600 sq ft each, with a 10–15 sq ft swing.
- Total actual rent: 2650
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Sold | $523,500-12%$218/sqft |
Source:  StateWide MLS RI #1411436 Report a problem | ||
| 5/18/2026 | Pending sale | $595,000$247/sqft |
Source: StateWide MLS RI #1411436 Report a problem | ||
| 5/5/2026 | Listed for sale | $595,000$247/sqft |
Source: StateWide MLS RI #1411436 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 02910
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Nearby schools
GreatSchools rating
- 5/10Edward S. Rhodes SchoolGrades: K-5Distance: 1.7 mi
- 6/10Park View Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Cranston High School EastGrades: 9-12Distance: 1.3 mi
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Estimated market value
$527,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$527,100
- Rhode Island
- Providence County
- Cranston
- 02910
- 1609 Elmwood Ave
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