Townhouse Investment Properties for Sale in Cranston, RI
Listed for sale 7 days ago
$ 315,000
ROI
19.8
Cash Flow/m
6- 2 Bed
- 2 Bath
- 1125 sft
200 Cannon St APT 107, Cranston, RI, 02920
$ 549,900
ROI
20.7Cash Flow/m
95- 3 Bed
- 3 Bath
- 2030 sft
1455 Park Ave #3, Cranston, RI, 02920
$ 549,900
ROI
20.7Cash Flow/m
92- 3 Bed
- 3 Bath
- 2034 sft
1455 Park Ave #4, Cranston, RI, 02920
$ 375,000
ROI
28.7Cash Flow/m
931- 3 Bed
- 3 Bath
- 1804 sft
200 Cannon St APT 126, Cranston, RI, 02920
Why Invest in Cranston, Rhode Island?
Cranston, RI townhouses offer strong investment potential with competitive cap rates around 6-7% and steady rental yields. Average rents for townhomes hover near $2,000 monthly, supported by a renter-occupied rate of 38%. Annual appreciation of 4% reflects stable demand in this Providence suburb. Low vacancy rates and proximity to employment centers enhance cash flow reliability. Townhouse investors benefit from limited new supply and growing workforce migration.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1950/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Cap rates for townhouses in Cranston average 6.5%, driven by stable rents around $1,950 monthly. This metric supports reliable cash flow for investors. Data aligns with regional multifamily trends.
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