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Sold for $750,000
  • $750,000

    543 Laurel Hill Ave, Cranston, RI 02920

    8beds
    3,500sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $793,800 Zestimate®
    $214/sqft
    $1,953 Estimated rent

    Home value

    $793,800

    $699,000 - $897,000

    $1,953/mo

    Zestimate® history
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    What's special

    Gorgeous investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is $102,000, with a current annual income of $84,600. There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1363017

    Zillow last checked:

    Listing updated:

    Listed by:

    John Slyman 508-330-0325,

    New England Apartment Group

    Bought with:

    Dilia Vallejo, RES.0044840

    My Dream Home Realty

    Source: StateWide MLS RI,MLS#: 1362913MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Natural Gas, Baseboard, Steam
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater
    Features
    • Flooring: Ceramic Tile, Hardwood, Vinyl
    • Basement: Full,Interior and Exterior,Finished
    • Number of fireplaces: 2
    Interior area
    • Total structure area: 8,374
    • Total interior livable area: 3,500 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Detached
    • Garage spaces: 3
    Features
    • Stories: 3
    • Patio & porch: Patio, Porch
    Lot
    • Size: 10,018 Square Feet
    • Features: Corner Lot
    Details
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    HOA
    • Has HOA: No
    Location
    • Region: Cranston

    Financial & listing details

    • Price per square foot: $214/sqft
    • Annual tax amount: $8,399
    • Date on market: 9/26/2024
    • Inclusions: No warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the offering.
    • Total actual rent: 7050

    Price history

    DateEventPrice
    11/22/2025Listing removed--
    Source: Owner Report a problem
    11/16/2025Price change$999,900+1%$286/sqft
    Source: Owner Report a problem
    11/11/2025Price change$990,000+10%$283/sqft
    Source: Owner Report a problem
    11/3/2025Listed for sale$900,000+20%$257/sqft
    Source: Owner Report a problem
    1/31/2025Sold$750,000+7.1%$214/sqft
    Source: StateWide MLS RI #1362913 Report a problem
    9/26/2024Pending sale$700,000$200/sqft
    Source: StateWide MLS RI #1362913 Report a problem
    9/18/2024Listed for sale$700,000$200/sqft
    Source: StateWide MLS RI #1362913 Report a problem
    8/18/2024Pending sale$700,000$200/sqft
    Source: StateWide MLS RI #1362913 Report a problem
    8/7/2024Listed for sale$700,000$200/sqft
    Source: StateWide MLS RI #1362913 Report a problem
    7/15/2024Pending sale$700,000$200/sqft
    Source: StateWide MLS RI #1362913 Report a problem
    7/3/2024Listed for sale$700,000$200/sqft
    Source: StateWide MLS RI #1362913 Report a problem
    5/17/2018Listing removed$1,100
    Source: DEFELICE REALTORS #1191222 Report a problem
    4/11/2018Listed for rent$1,100+15.8%
    Source: DEFELICE REALTORS #1187128 Report a problem
    6/21/2017Listing removed$950
    Source: DEFELICE REALTORS #1163595 Report a problem
    5/17/2017Listed for rent$950
    Source: DEFELICE REALTORS #1160830 Report a problem
    3/14/2017Listing removed$950
    Source: DEFELICE REALTORS #1153424 Report a problem
    3/7/2017Listed for rent$950
    Source: DEFELICE REALTORS #1153424 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 02920

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $793,800
    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
    $793,800