Multi Family at 118 Arnold Avenue, Cranston
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$799,900

118 Arnold Avenue
Cranston, RI 02905
Listed by Samantha Durand
Bedrooms
4
Bathrooms
4
Living area
N/A
Year built
1920

About this home

Welcome home to a one-of-a-kind four-unit property in the heart of Edgewood. This stately and timeless residence is filled with charm and character, featuring tall ceilings, picture-frame pine floors, THREE fireplaces, coffered and beamed ceilings, arched hallways, oversized windows, gorgeous trim, and solid paneled doors. Built with exceptional craftsmanship, this home showcases architectural details rarely found today. Updates throughout the seller's ownership include renovated kitchens and bathrooms, ss appliances, rebuilt chimney, fire alarm system, re-sided garage, insulation, plumbing improvements, and five electrical panels. A high-efficiency natural gas-fired indirect heat and hot water system is only 5 years young.Perfect for owner-occupants and investors alike, rental income can help offset your mortgage. Edgewood remains a highly desirable rental location near JWU, Brown, RISD, Edgewood and RI Yacht Clubs, Downtown Providence, RW Park, shopping, dining, beaches, and Boston. The low-maintenance exterior offers vinyl siding and outdoor sitting areas. A detached two-car garage with loft space provides excellent storage and future potential, including possible ADU opportunities (buyer to perform due diligence). All tenants are month-to-month, offering flexibility for future plans. Owned by the same family for 43 years, this remarkable property is a true testament to pride of ownership. Location, location, location, there's a reason Edgewood listings are so hard to find!

Highlights

Fireplace

Property details

MLS #
1401786
Property type
Multi Family
Subdivision
Edgewood
Status
Active
Days on market
63
On market date
June 6, 2026
Stories
2
Total bathrooms
4
Garage spaces
2
Parking spaces
10
Lot size
0.3086 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Edward S. Rhodes School
0.19 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
296
Student:teacher ratio
13.5:1
District
Cranston
Middle
Park View Middle School
1.09 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
680
Student:teacher ratio
11.9:1
District
Cranston
High
W B Cooley & Acad Internationa
1.6 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
319
Student:teacher ratio
11.4:1
District
Providence

Mortgage calculator

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Est. monthly payment
$4,967/mo
$159,980 down
$639,920 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 18 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.