Multi Family at 16 Colony Street, Cranston

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34 photos

$825,000

16 Colony Street

Cranston, RI 02920

Listed by Rimac Group

Bedrooms

Bathrooms

Living area

N/A

Year built

1924

About this home

Exceptional Two-Family Investment Opportunity with Two Additional Lots! Don't miss this rare opportunity to own a well-maintained two-family home being sold with two additional lots. Each unit features 3 bedrooms and 1 full bathroom, with functional floor plans, spacious living areas, and abundant natural light. Recent updates include fresh interior paint, new carpeting in select areas, and new oil tanks installed in 2025, providing added value and peace of mind. A charming front porch offers the perfect place to relax, while a large storage shed with a roll-up door and concrete floor provides excellent space for equipment, tools, or additional storage. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major commuter routes, this property combines comfort, convenience, and long-term potential. The sale includes two additional lots. Buyers and buyers' agents must conduct their own due diligence regarding lot size, boundaries, zoning, buildability, permitted uses, utilities, and any other matters relating to the additional parcels. The seller makes no representations or warranties regarding the development potential or permitted uses of the lots. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this property presents a unique opportunity with added land value. Schedule your private showing today!

Property details

MLS #: 1419430
Property type: Multi Family
Subdivision: Western Cranston
Status: Active
Days on market: 15
On market date: August 3, 2026
Stories: 2
Total bathrooms: 2
Garage spaces: N/A
Parking spaces: 2
Lot size: 0.2755 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary

Stone Hill School

0.37 mi away · Grades -1-5

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: 268
Student:teacher ratio: 14.9:1
District: Cranston

Middle

Western Hills Middle School

1.27 mi away · Grades 6-8

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: 703
Student:teacher ratio: 12.8:1
District: Cranston

High

Cranston High School West

1.5 mi away · Grades 9-12

Nearest school -- attendance-zone data not available here

3.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 1,684
Student:teacher ratio: 16.0:1
District: Cranston

Mortgage calculator

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Est. monthly payment

$5,118/mo

$165,000 down

$660,000 loan

Principal & interest$4,281

Property tax (est.)$688

Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 9 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.