Two-Family Residential Income
1251 Mendon Road Cumberland, RI 02864
New
1251 Mendon Road, Cumberland, RI, 02864
$725,000
For Sale
$725,000
MULTI_FAMILY - Cumberland, RI
Property Size3,576 SF
Lot Size0.13 Acres
Price / SF$202.74
Days on Market2
Property Features for 1251 Mendon Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3
- Parking
- 4
- Parking features
- None
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 3,576 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4891
Utilities
- Heating system
- Baseboard, Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
Listing agency
Century 21 Limitless
(508) 567-3468
Listed by
Kyle Seyboth · License #9578242
(508) 726-3492
Added: Jul 20 Updated: Jul 21 at 9:18AM Checked: Jul 21 at 6:06PM
MLS# 1418399
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.
Well-maintained two-family residence offering a 1-bedroom, 1-bath first-floor unit and a second unit with four bedrooms. The property is described as having comfortable layouts with abundant natural light.
The home is located along Mendon Road in Cumberland, RI, with nearby shopping and dining options, along with access to commercial corridors. It also provides convenient commuting access to major routes including Route 146, Interstate 295, and Interstate 95.
Off-street parking is included for residents and guests. The property sits on a 0.13-acre lot and has a total building size of 3,576 square feet.
The home is located along Mendon Road in Cumberland, RI, with nearby shopping and dining options, along with access to commercial corridors. It also provides convenient commuting access to major routes including Route 146, Interstate 295, and Interstate 95.
Off-street parking is included for residents and guests. The property sits on a 0.13-acre lot and has a total building size of 3,576 square feet.
Key Highlights
- Two‑family home built in 1940 with a 1‑bedroom, 1‑bath first‑floor unit and a second unit offering 4 bedrooms and 3 bathrooms
- Heating includes forced air, baseboard, and natural gas; cooling provided by central air
- Interior features include laminate flooring and multiple bedrooms/bathrooms across both units
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 | $91.0k | $25.44 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $85.1k | $23.79 |
| − OpEx | −$25.5k | −$7.14 |
| NOI | $59.5k | $16.65 |
3,576 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$850.6K
$744.3K – $992.4K
NOI $59,542 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$675.1K
$590.7K – $787.6K
NOI $47,255 @ 7.0% cap · market cap 6.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with a 1-bedroom/1-bath first-floor unit and a 4-bedroom second unit, plus off-street parking.
Where is this duplex located?
The property is located at 1251 Mendon Road Cumberland, RI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑family home built in 1940 with a 1‑bedroom, 1‑bath first‑floor unit and a second unit offering 4 bedrooms and 3 bathrooms; Heating includes forced air, baseboard, and natural gas; cooling provided by central air; Interior features include laminate flooring and multiple bedrooms/bathrooms across both units
