Multi Family at 1040 Cranston Street, Cranston

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47 photos

$1,295,000

1040 Cranston Street

Cranston, RI 02910

Listed by Terry Cipolla

Bedrooms

Bathrooms

2.5

Living area

N/A

Year built

1900

About this home

Mixed-use, commercial, and residential property with extra lot! Also listed as a commercial #1409206 Originally two single-family homes, this distinctive property has been thoughtfully combined to create a versatile 6200 sq ft mixed use offering with an extra LOT!!!!. Featuring an oversized two-car garage with a spacious studio above, this area is ideal for a dance studio, large office or creative workspace. One side showcases a beautifully maintained residential home with three bedrooms, a granite kitchen, a comfortable family room, and additional office space-perfect for today's flexible needs. Zoned C5, the property allows for a wide range of business opportunities. Additional spaces are currently configured for office use, including medical/dental, with flexibility to accommodate various professional, commercial, or residential applications. The lower level includes a full apartment. The added bonus is the inclusion of an extra lot, offering even more potential for expansion, additional parking, outdoor use, or future development (subject to approvals).

Property details

MLS: Rhode Island Association of REALTORS
MLS #: 1409521
Property type: Multi Family
Subdivision: N/A
Status: Active
Days on market: 197
On market date: April 8, 2026
Stories: 2
Total bathrooms: 2.5
Garage spaces: 2
Parking spaces: 14
Lot size: 0.3272 acres

Market position

How this listing compares to current activity in Cranston, from live MLS data.

On the market 197 days -- 163 more days than Cranston's current average of 34 days.

For reference, the median list price across 521 active listings in Cranston right now is $479,000.

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Est. monthly payment

$7,949/mo

$259,000 down

$1,036,000 loan

Principal & interest$6,719

Property tax (est.)$1,079

Home insurance (est.)$150

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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.