1040 Cranston St, Cranston, RI, 02920
About This Home
Mixed-use, commercial, and residential property with extra lot! Originally two single-family homes, this distinctive property has been thoughtfully combined to create a versatile 6200 sq ft mixed use offering with an extra LOT!!!!. Featuring an oversized two-car garage with a spacious studio above, this area is ideal for a dance studio, large office or creative workspace. One side showcases a beautifully maintained residential home with three bedrooms, a granite kitchen, a comfortable family room, and additional office space-perfect for today's flexible needs. Zoned C5, the property allows for a wide range of business opportunities. Additional spaces are currently configured for office use, including medical/dental, with flexibility to accommodate various professional, commercial, or residential applications. The lower level includes a full apartment. The added bonus is the inclusion of an extra lot, offering even more potential for expansion, additional parking, outdoor use, or future development (subject to approvals).
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter
- Construction materials: Dry Wall,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: In Unit
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Finished,Bath/Stubbed,Family Room,Kitchen,Laundry,Living Room
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Wall (Dry Wall),Plumbing (Mixed)
- Flooring: Ceramic Tile,Hardwood,Laminate,Carpet
- Fireplace features: None
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Forced Air,Forced Water,Gas Connected
- Cooling features: Central Air,Ductless
Interior Area
- Total structure area: 6,298
- Total interior livable area: 6,100 sqft
Property
Details
- Parcel number: CRANM72L755U
- Attached to another structure: Yes
Features
- Stories: 2
Lot
- Lot size: 0.33 Acres
- Features: Extra Lot,Paved,Security
Parking
- Total spaces: 14
- Parking features: Attached,Driveway
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,548 | $78,576 |
| Home Insurance * | $540 | $6,480 |
| Property Taxes | $1,362 | $16,344 |
| Electricity | $1,242 | $14,907 |
| Total | $9,692 | $116,304 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-08 | Listed for sale | $1,295,000 |
| 2025-11-16 | Listing removed | $2,300 |
| 2025-09-27 | Listed for rent | $2,300 |
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