$649,900
About this home
Prime Investment Opportunity at a great price! This versatile three-unit mixed-use property offers an excellent opportunity for investors, with the potential to create a 4th and 5th unit for additional income potential. Ideally located on Reservoir Avenue, the property is within walking distance to shopping, restaurants, dining, and everyday stores. Three existing units are currently rented, with two tenants on a month-to-month basis, providing flexibility. The property features a newer furnace, hardwood and vinyl flooring throughout, and private off-street parking in the rear. With a strong location, existing rental income, and potential for additional space, this property offers an exciting opportunity to expand and maximize its investment potential.
Property details
- MLS #
- 1424352
- Property type
- Multi Family
- Subdivision
- Reservoir
- Status
- Active
- Days on market
- N/A
- On market date
- September 30, 2026
- Stories
- 3
- Total bathrooms
- 4
- Garage spaces
- N/A
- Parking spaces
- 4
- Lot size
- 0.1 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 268
- Student:teacher ratio
- 14.1:1
- District
- Cranston
- Enrollment
- 574
- Student:teacher ratio
- 12.5:1
- District
- Cranston
- Enrollment
- 1,540
- Student:teacher ratio
- 12.4:1
- District
- Cranston
Walkability
Blended score for Cranston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cranston, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 1 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.