Duplex with On-Site Commercial
New
For Sale
$549,900
3862 Mendon Road, Cumberland, RI 02864
MULTI_FAMILY - Cumberland, RI
Property Size1,792 SF
Lot Size0.32 Acres
Price / SF$306.86
Days on Market7
Property Features for 3862 Mendon Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
8
Parking features
None
Patio and Porch features
Patio
Interior features
Wall (Plaster), Plumbing (Mixed)
Exterior features
Patio
Basement
Unfinished, Full
Appliances
Gas Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
1,792 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6232
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Plaster
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Denali Group
(401) 524-0770
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 6 at 11:06AM
MLS# 1419408
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Duplex with two residential units and a freestanding commercial building on a single prime parcel at 3862 Mendon Road, Cumberland, RI 02864. The two-family residence includes a patio and features such as plaster wall construction, hardwood flooring, and steam heating with natural gas. The unit appliances list includes a gas water heater, dishwasher, microwave, oven/range, refrigerator, and washer/dryer. The property also includes basement and bedroom/bathroom spaces per the recorded room layout.
The home is supported by municipal utility connections, including public town water, town sewer, and natural gas, which can simplify tenant utility management. The parcel totals 0.32 acres, with the commercial component described as an 800-square-foot freestanding building.
Built in 1935, this property is positioned as a combined live-and-work setup with the added practicality of an on-site commercial space.
The home is supported by municipal utility connections, including public town water, town sewer, and natural gas, which can simplify tenant utility management. The parcel totals 0.32 acres, with the commercial component described as an 800-square-foot freestanding building.
Built in 1935, this property is positioned as a combined live-and-work setup with the added practicality of an on-site commercial space.
Key Highlights
- 0.32‑acre single parcel with duplex plus a freestanding 800‑square‑foot commercial building
- Two residential units in a duplex configuration
- Public town water, town sewer, and natural gas utilities connected for low‑maintenance utility management
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.6k | $25.44 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $42.6k | $23.79 |
| − OpEx | −$12.8k | −$7.14 |
| NOI | $29.8k | $16.65 |
1,792 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.3K
$373.0K – $497.3K
NOI $29,838 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$338.3K
$296.0K – $394.7K
NOI $23,680 @ 7.0% cap · market cap 4.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 02864, RI
36,376
Population
14,735
Households
2.5
Avg Household Size
43
Median Age
43%
College-Educated
92%
High-School Grad
26.5 sq mi
ZIP Area
1,373
Density / Sq Mi
$118,737
Median Household Income
$62,041
Median Earnings
$1,251
Median Rent
$394,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex plus an on-site commercial building with public town water, town sewer, and natural gas utilities for low-maintenance utility management.
Where is this duplex located?
The property is located at 3862 Mendon Road Cumberland, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 0.32‑acre single parcel with duplex plus a freestanding 800‑square‑foot commercial building; Two residential units in a duplex configuration; Public town water, town sewer, and natural gas utilities connected for low‑maintenance utility management
