118 Arnold Avenue Cranston

$874,900
4 4 5,352 sq ft

The Property

Welcome home to a one-of-a-kind four-unit property in the heart of Edgewood. This stately and timeless residence is filled with charm and character, featuring tall ceilings, picture-frame pine floors, THREE fireplaces, coffered and beamed ceilings, arched hallways, oversized windows, gorgeous trim, and solid paneled doors. Built with exceptional craftsmanship, this home showcases architectural details rarely found today. Updates throughout the seller’s ownership include renovated kitchens and bathrooms, ss appliances, rebuilt chimney, fire alarm system, re-sided garage, insulation, plumbing improvements, and five electrical panels.

A high-efficiency natural gas-fired indirect heat and hot water system is only 5 years young.Perfect for owner-occupants and investors alike, rental income can help offset your mortgage. Edgewood remains a highly desirable rental location near JWU, Brown, RISD, Edgewood and RI Yacht Clubs, Downtown Providence, RW Park, shopping, dining, beaches, and Boston. The low-maintenance exterior offers vinyl siding and outdoor sitting areas. A detached two-car garage with loft space provides excellent storage and future potential, including possible ADU opportunities (buyer to perform due diligence). All tenants are month-to-month, offering flexibility for future plans. Owned by the same family for 43 years, this remarkable property is a true testament to pride of ownership. Location, location, location—there’s a reason Edgewood listings are so hard to find!

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Listing Details

MLS Number

1401786

Lot Size:

0.31 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Interstate
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Fireplace: Brick, Free Standing
  • Heating: Natural Gas, Baseboard, Forced Water
  • Heating Fuel: Natural Gas, Baseboard, Forced Water
  • Garage: 1
  • Laundry
  • Sidewalks
  • Year Built: 1920
  • Water Amenities: Walk to Salt Water

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Market Trends for Single Family Homes
in Cranston

  • Overview
    Homes for Sale Today141-95.6% decrease in inventory
    New on Market *15057.9% increase in new listings
    Avg. Asking Price/Sq.Ft. *$348.16$27 increase in List Price/Sq.Ft.
    Avg. Sale Price *$501,851$35,736 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.58%-0.8% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$330.63$16 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5514 decrease 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.

Listed by Re/Max Revolution

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