Corner Lot Side-by-Side
12 Blackstone Street Cumberland, RI 02864
New
12 Blackstone Street, Cumberland, RI, 02864
$619,900
For Sale
$619,900
Side-by-side duplex with two 4-bedroom units, two-car garage, and private yard on a corner lot.
Property Size2,932 SF
Price / SF$211.43
Days on Market6
Property Features for 12 Blackstone Street
General Information
- Standard status
- Active
- Size
- 2,932 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
Compass
(401) 274-1644
Listed by
The Infinity Group
Source
Lockandkeyre
Added: Jul 16 Updated: Jul 21 at 8:13AM Checked: Jul 21 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This side-by-side duplex sits on a corner lot and features two residential units. Each unit includes 4 bedrooms and 1.5 bathrooms, offering a straightforward layout for long-term occupancy. The right unit will be delivered vacant, providing flexibility for an owner-occupant or for immediate rental readiness.
The property includes a two-car garage and a private yard, adding practical storage and outdoor space. Located in Cumberland, the home is described as offering convenient access to major routes and an easy drive into Massachusetts.
As a residential income property, the two-unit configuration can support traditional owner-occupant or investor ownership, with the existing structure and unit count providing clear income potential.
The property includes a two-car garage and a private yard, adding practical storage and outdoor space. Located in Cumberland, the home is described as offering convenient access to major routes and an easy drive into Massachusetts.
As a residential income property, the two-unit configuration can support traditional owner-occupant or investor ownership, with the existing structure and unit count providing clear income potential.
Key Highlights
- Side‑by‑side duplex on a corner lot in Cumberland with two units
- Each unit has 4 bedrooms and 1.5 bathrooms
- Right unit will be delivered vacant
Local 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 | $74.6k | $25.44 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.7k | $23.79 |
| − OpEx | −$20.9k | −$7.14 |
| NOI | $48.8k | $16.65 |
2,932 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$697.4K
$610.2K – $813.7K
NOI $48,819 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$553.5K
$484.3K – $645.8K
NOI $38,745 @ 7.0% cap · market cap 6.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with two 4-bedroom units, two-car garage, and private yard on a corner lot.
Where is this duplex located?
The property is located at 12 Blackstone Street Cumberland, RI.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Side‑by‑side duplex on a corner lot in Cumberland with two units; Each unit has 4 bedrooms and 1.5 bathrooms; Right unit will be delivered vacant
