Duplex with Detached
New
For Sale
$599,000
12 Mount Pleasant View Avenue, Cumberland, RI 02864
Residential Income, Cumberland, RI
Property Size3,564 SF
Lot Size0.29 Acres
Price / SF$168.07
Days on Market6
Property Features for 12 Mount Pleasant View Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
0100
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Parking
6
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished
Appliances
Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Lot features
Fenced, Out Building, Paved Driveway
Standard status
Active
Size
3,564 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5133
Utilities
Heating system
Natural Gas, Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Amenities
fenced-in area
shed
Building Details
Year built
1877
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet, Hardwood
Building materials
Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Re/Max Town & Country · RE/MAX International
(401) 333-0020
Listed By:
Jennifer Lemme · License #1000051
(401) 996-6617
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 13 at 3:06PM
MLS# 1425559
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.
This 3,564-square-foot duplex in Cumberland, Rhode Island, contains two side-by-side units, each with 2–3 bedrooms and 1.5 baths. A detached two-car garage provides parking and storage. The 0.29-acre property also has a fenced section of the backyard, extra parking space, and a shed. Built in 1877, the building has vinyl siding and a mix of drywall and plaster finishes.
Interior features include carpet, hardwood, and laminate flooring, along with baseboard heat fueled by natural gas and wall-unit cooling. Appliances include a washer, dryer, oven, range, refrigerator, and gas water heater. The property is served by public water and carries zoning designation 0100.
Interior features include carpet, hardwood, and laminate flooring, along with baseboard heat fueled by natural gas and wall-unit cooling. Appliances include a washer, dryer, oven, range, refrigerator, and gas water heater. The property is served by public water and carries zoning designation 0100.
Key Highlights
- Two side‑by‑side units, each with 2‑3 bedrooms and 1.5 baths
- 3,564 square feet of building area
- Detached two‑car garage
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
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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
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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 residences offer separate living areas and backyard space for additional parking.
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: Two side‑by‑side units, each with 2‑3 bedrooms and 1.5 baths; 3,564 square feet of building area; Detached two‑car garage
