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Multi Family at 1315 New London Avenue, Cranston
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37 photos

$519,900

1315 New London Avenue
Cranston, RI 02920
Listed by Shari Soucy
Bedrooms
3
Bathrooms
3
Living area
N/A
Year built
1920

About this home

What a find! This charming Cranston property offers a unique opportunity with a three-bedroom, two-bath Colonial plus a detached, legal accessory dwelling unit (ADU) - providing two separate living spaces and excellent rental income potential. The main home features a bright, open first-floor layout while preserving its original character and charm. A first-floor bedroom, full bathroom, and laundry area add flexibility, while recent updates include new vinyl siding and gutters, a new water heater, new carpeting, and more. The detached ADU features an open studio-style floor plan with its own private entrance and separate driveway, making it well suited for rental income, extended family, guests, or a variety of living arrangements. Solar panels add another benefit. Whether you're looking to offset your mortgage with rental income, accommodate multiple generations, or simply take advantage of the added flexibility, this is a unique Cranston property with plenty of possibilities.

Property details

MLS #
1420443
Property type
Multi Family
Subdivision
Brookfield
Status
Active
Days on market
10
On market date
August 12, 2026
Stories
2
Total bathrooms
3
Garage spaces
2
Parking spaces
8
Lot size
0.64 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Oak Lawn School
0.83 mi away · Grades 0-5
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
248
Student:teacher ratio
15.5:1
District
Cranston
Middle
Hope Highlands Middle School
1.79 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
355
Student:teacher ratio
12.7:1
District
Cranston
HighCharter
NEL/CPS Construction Career
1.22 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
173
Student:teacher ratio
11.5:1
District
Cranston

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$3,281/mo
$103,980 down
$415,920 loan
Principal & interest$2,698
Property tax (est.)$433
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 4 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.