335 Narragansett St, Cranston, RI 02905

8 beds3 baths3,048 sqft

Off Market
Zestimate®: $196,364
Rent Zestimate®: $963/mo
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This home is not currently listed for sale or rent on Zillow.

A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.

My Notes

Edit
Great property for investment or live in one apartment and rent the other two. At this price the property has positive cash flow from the start. It?s a great property for someone to build equity in.
This property is located in the Edgewood section of Cranston. There are two driveways, one on each side of the house for a total of 5 parking spots.. The 1st floor consists of 3 bedrooms, living room, dining room, kitchen and full bath. The second floor is the same as the 1st. The 3rd floor has 2 bedrooms, living/dining room, kitchen and bath. All three floors have hardwood floors in the bedrooms and living areas. The kitchens and baths are all tiled. There is separate gas water heaters for each apartment located in the basement. All have been replaced within 1 to 3 years. There is one oil fired steam heating system for all three apartments. The yearly rental income is $28,200.00. The property square footage is 4,228 and the building square footage is 3048. It is located in the Edgewood section of Cranston. It?s a short walk to Johnson and Wales college and Roger Williams Park.
CONTACT: Tim for more detailed information.
 

What I love about the home

This property provides a great opportunity for someone starting out to build some sweat equity into a home. The rents can definitely be higher with a little tender loving care. It?s an opportunity to build equity for a few years and then move on to another property while having three incomes.
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Facts

  • Lot: 4,228 sqft
  • Multi Family
  • Built in 1920
  • Cooling: None
  • Heating: Radiant
  • Last sold: Sep 2004 for $300,000

Features

  • Cable Ready
  • Ceiling Fan
  • Double Pane/Storm Windows
  • Parking: Off street
  • Unfinished basement

Appliances Included

  • Range / Oven
  • Refrigerator

Construction

  • Exterior material: Other, Shingle, Wood, Wood products
  • Roof type: Asphalt
  • Room count: 18
  • # Stories: 3.0

Other

  • Floor size: 3,048 sqft
  • Heating: Oil
  • Parcel #: M:2-4 L:643 U:
  • Unit floor #: 3
  • Zillow Home ID: 66068661

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$196,364
+$239 Last 30 days
$163K
$220K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$963/mo
-$43 Last 30 days
$751
$1.5K
Zestimate range
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Popularity on Zillow

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1,473 all-time views
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152 forecasted views of this home
in the first 7 days after listing for sale
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Neighborhood

Market guide

Zillow predicts 02905 home values will rise 4.4% next year, compared to a 2.8% increase for Cranston as a whole. Among 02905 homes, this home is valued 21.8% more than the midpoint (median) home, but is valued 44.3% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 02905, the number of foreclosures waiting to be sold is 90.2% higher than in Cranston, and 79% higher than the national average. This higher local number may prevent 02905 home values from rising as quickly as other regions in Cranston.

Learn more about forecast calculations or 02905 home values.
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    Nearby Schools in Cranston

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org