118 Arnold Ave, Cranston, RI, 02905
About This Home
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!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Mixed,Stone,Unknown
- Construction materials: Dry Wall,Plaster,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater,Dishwasher,Dryer,Oven/Range,Refrigerator,Washer
- Laundry features: In Building
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
Bathroom
- Features: Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Wall (Dry Wall),Wall (Plaster),Plumbing (Mixed),Insulation (Ceiling),Insulation (Walls)
- Window features: Insulated Windows
- Flooring: Hardwood,Vinyl
- Number of fireplaces: 3
- Fireplace features: Brick,Free Standing
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Forced Water
- Cooling features: None
Interior Area
- Total structure area: 5,352
- Total interior livable area: 3,116 sqft
Property
Accessibility
- Accessibility features: One Level
Details
- Parcel number: CRANM23L1716U
- Attached to another structure: Yes
Features
- Stories: 2
- Waterfront features: Walk to Salt Water
Lot
- Lot size: 0.31 Acres
- Features: Sidewalks
Parking
- Total spaces: 10
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Coastal Flooding
- Heat Wave
- 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 | $4,044 | $48,528 |
| Home Insurance * | $469 | $5,628 |
| Property Taxes | $905 | $10,860 |
| Electricity | $634 | $7,615 |
| Total | $6,052 | $72,624 |
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 |
|---|---|---|
| 2026-07-26 | Price change | $799,900 |
| 2026-06-06 | Listed for sale | $874,900 |
| 2015-05-14 | Listing removed | $800 |
| 2015-05-03 | Listed for rent | $800 |
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