16 Colony Street Cranston

$560,000
6 2 1,666 sq ft

The Property

Don’t miss this rare opportunity to own a well-maintained two-family home (lot #1771) being sold with an additional lots #1770 and #1772. Each unit features 3 bedrooms and 1 full bathroom, with functional floor plans, spacious living areas, and abundant natural light. Recent updates include fresh interior paint, new carpeting in select areas, and new oil tanks installed in 2025, providing added value and peace of mind. A charming front porch offers the perfect place to relax, while a large storage shed with a roll-up door and concrete floor provides excellent space for equipment, tools, or additional storage.

Conveniently located near shopping, restaurants, schools, parks, public transportation, and major commuter routes, this property combines comfort, convenience, and long-term potential. Buyers and buyers’ agents must conduct their own due diligence regarding lots #1770 and #1772 size, boundaries, zoning, buildability, permitted uses, utilities, and any other matters relating to the additional lots #1770 and #1772. The seller makes no representations or warranties regarding the development potential or permitted uses of lots #1770 and #1772. Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this property presents a unique opportunity with added land value. Schedule your private showing today!

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Listing Details

MLS Number

1427239

Lot Size:

0.18 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry, Storage Space
  • Bus
  • Highway Access
  • Interstate
  • Restaurants
  • Schools
  • Shopping
  • Screened Pch/Patio/Dck/Brzwy
  • Heating: Oil, Baseboard, Forced Water
  • Heating Fuel: Oil, Baseboard, Forced Water
  • Laundry
  • Extra Lot
  • Fenced
  • Out Building
  • Year Built: 1924

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Market Trends for Single Family Homes
in Cranston

  • Overview
    Homes for Sale Today178-94.7% decrease in inventory
    New on Market *12943.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$340.42$14 increase in List Price/Sq.Ft.
    Avg. Sale Price *$529,490$30,336 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.97%1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$344.54$1 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *627 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

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