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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Cranston, RI
Rental Income
Listed for sale 3 days ago
$ 589,900
ROI
20.1
Cash Flow/m
2- 4 Bed
- 2 Bath
- 1880 sft
309 Station St, Cranston, RI, 02910
Currently Rented
Rental Income
$ 539,900
ROI
22.2Cash Flow/m
316- 4 Bed
- 2 Bath
- 1634 sft
184 Gladstone St, Cranston, RI, 02920
Rental Income
$ 574,900
ROI
20.6Cash Flow/m
87- 6 Bed
- 2 Bath
- 1936 sft
16 Sherwood St, Cranston, RI, 02920
$ 549,900
ROI
21.7Cash Flow/m
250- 5 Bed
- 3 Bath
- 2416 sft
1640 Cranston St, Cranston, RI, 02920
Why Invest in Cranston, Rhode Island?
Investing in multifamily properties in Cranston, RI, offers strong potential for returns. With properties generating an average rental yield of 7% and cap rates around 6%, investors can expect solid cash flow opportunities in this favorable market. The city's appreciation rate is also promising, underlining its potential as a burgeoning rental market.
10%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$1500/mo
Avg. Cash Flow
$2000/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Multifamily properties in Cranston offer investors diverse opportunities for income generation due to steady rental demand and reasonable cap rates. The city's consistent rental growth and positive appreciation trends make it a wise investment choice.
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