Duplex with Detached
New
For Sale
$599,000
12 Mount Pleasant View Avenue, Cumberland, RI 02864
Two side-by-side units share a fenced backyard, outdoor storage buildings, and a separate garage.
Property Size3,564 SF
Price / SF$168.07
Days on Market6
Property Features for 12 Mount Pleasant View Avenue
General Information
Standard status
Active
Size
3,564 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Amenities
detached two-car garage
fenced-in area
shed
outdoor building/shed
Building Details
Year Built
1877
Listing Agency:
RE/MAX Town & Country
(401) 333-0020
Listed By:
Jennifer Lemme · License #RES.0041327
(401) 996-6617
Source:
Lockandkeyre
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 7:06PM
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 RE/MAX Town & Country
Investment Insights
Based on property information with market context.
Built in 1877, this 3,564-square-foot duplex is arranged as two side-by-side residences. Each unit has 1.5 bathrooms. A detached garage provides space for two vehicles, and the backyard includes a fenced area, a shed, and another outdoor building. Additional parking space is available in the yard.
Key Highlights
- 3,564‑square‑foot duplex built in 1877
- Side‑by‑side unit layout, with 1.5 bathrooms in each unit
- Detached garage accommodates two vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,097
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,940
$941.9K
Cap Rate 7%
$672,814
$672.8K
Cap Rate 9%
$523,300
$523.3K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$91.1K $25.56/SF
− Vacancy
−$5.5K −$1.53/SF
EGI
$85.6K $24.03/SF
− OpEx
−$38.5K −$10.81/SF
NOI
$47.1K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,940
Cap Rate 7%
$672,814
Cap Rate 9%
$523,300
Alternative Uses
Best Use
Multifamily LT 5
$847.7K
$741.8K – $989.0K
NOI $59,342 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$672.8K
$588.7K – $785.0K
NOI $47,097 @ 7.0% cap · market cap 7.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
278
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side units share a fenced backyard, outdoor storage buildings, and a separate garage.
Where is this duplex located?
The property is located at 12 Mount Pleasant View Avenue Cumberland, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,564‑square‑foot duplex built in 1877; Side‑by‑side unit layout, with 1.5 bathrooms in each unit; Detached garage accommodates two vehicles
