Live or Invest: Two-Family Home Near Providence
TL;DR
Two-family home for sale in Cranston, RI with 6 bedrooms and 2 bathrooms, featuring updated flooring, energy-efficient systems, and basement expansion potential. Move-in ready and ideal for first-time buyers or investors seeking rental opportunities.
Discover 54 Randall Street: A Prime Cranston Investment
Looking for a versatile multi-family property in Cranston? 54 Randall Street offers 2,180 sq. ft. of living space with two legal units—each boasting three bedrooms and one bathroom. The bright, open layouts make each unit functional and inviting, perfect for owner-occupants or investors.
This home has been thoughtfully updated, featuring a newer roof, gas heating systems, and hardwood flooring throughout. Fully separated utilities provide convenience for both owners and tenants. The property sits on a 6,175 sq. ft. lot with a two-car garage, extra off-street parking, and room for outdoor enjoyment. Additionally, an unfinished 1,064 sq. ft. basement offers potential for expansion or extra storage.
Prime Location for Commuters and City Lovers
Centrally located, this Cranston gem is minutes from Route 10, Route 37, I-95, and I-295. Downtown Providence, the commuter rail to Boston and New York, and TF Green Airport are all within 15 minutes. Residents will enjoy easy access to shopping, dining, parks, and all daily conveniences, making it ideal for families or investors seeking a property with strong rental potential.
Features at a Glance
- Bedrooms: 6 (3 per unit)
Bathrooms: 2
Square Footage: 2,180
Units: 2
Floors: 2
Year Built: 1924
Lot Size: 6,175 sq. ft.
Parking: Two-car garage + off-street spaces
Basement: 1,064 sq. ft., unfinished for expansion
Frequently Asked Questions
Q: What makes 54 Randall Street a good investment property?
A: Each unit is a bright, three-bedroom, one-bathroom layout with separate utilities, offering strong rental potential in a prime Cranston location near downtown, highways, and the airport.
Q: Can first-time buyers comfortably live here?
A: Absolutely! The home is move-in ready, updated, and spacious, providing a functional and comfortable living environment while also offering income potential from the second unit.
Q: What updates have been made to the home?
A: The property features a newer roof, energy-efficient gas heating systems, hardwood flooring throughout, and well-maintained interiors, reducing immediate maintenance costs.
Q: Is there room for expansion or extra space?
A: Yes! The unfinished 1,064 sq. ft. basement provides options for expansion, storage, or a custom finishing project to increase living space.
Q: How convenient is the location for commuting and amenities?
A: The home is centrally located near major routes (Route 10, Route 37, I-95, I-295), with downtown Providence, commuter rail, and TF Green Airport all within 15 minutes. Shopping, dining, and parks are also nearby, making it an ideal location for both living and investing.
By Alex Parmenidez, REALTOR® | Coldwell Banker Realty
Alex Parmenidez | Realtor® Licensed CT-MA-RI | Coldwell Banker Realty
196 Waterman St, Providence, RI 02906
C: (401) 426-4825 | O: (401) 351-2017
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