Two-Family Residential Income
1251 Mendon Road Cumberland, RI 02864
New
For Sale
$725,000
Two-family home with a 1-bedroom unit and a 4-bedroom unit plus off-street parking in Cumberland, RI.
Property Size3,576 SF
Price / SF$202.74
Days on Market3
Property Features for 1251 Mendon Road
General Information
- Standard status
- Active
- Size
- 3,576 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1940
Listing Agency:
Century 21 Limitless
(508) 726-3492
Listed By:
Kyle Seyboth · License #32535
Source:
Onshorerealtors
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 2:05AM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two distinct residential units. The first-floor unit is a 1-bedroom, 1-bathroom layout, while the second unit provides 4 bedrooms and a spacious configuration. Both units are described as having comfortable layouts with abundant natural light, and the property includes off-street parking for residents and guests.
Located along Mendon Road in Cumberland, the property is positioned near local restaurants, grocery stores, retail centers, and neighborhood businesses. Minutes away are the shopping, dining, and entertainment options along the Diamond Hill Road and Mendon Road commercial corridors.
The home also benefits from proximity to Diamond Hill Park and Monastery Park for walking trails and year-round outdoor recreation. Convenient access to Route 146, Interstate 295, and Interstate 95 supports commutes to Providence, Worcester, and surrounding communities, with nearby schools and healthcare, plus close access to the Massachusetts border.
Located along Mendon Road in Cumberland, the property is positioned near local restaurants, grocery stores, retail centers, and neighborhood businesses. Minutes away are the shopping, dining, and entertainment options along the Diamond Hill Road and Mendon Road commercial corridors.
The home also benefits from proximity to Diamond Hill Park and Monastery Park for walking trails and year-round outdoor recreation. Convenient access to Route 146, Interstate 295, and Interstate 95 supports commutes to Providence, Worcester, and surrounding communities, with nearby schools and healthcare, plus close access to the Massachusetts border.
Key Highlights
- Two‑family home in Cumberland, RI, built in 1940
- First‑floor unit: 1 bedroom and 1 bathroom
- Second unit: 4 bedrooms
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
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home with a 1-bedroom unit and a 4-bedroom unit plus off-street parking in Cumberland, RI.
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 in Cumberland, RI, built in 1940; First‑floor unit: 1 bedroom and 1 bathroom; Second unit: 4 bedrooms
