Two-Building Mixed-Use
For Sale
$899,999
732 High St, Cumberland, RI 02864
Residential units and an operating food market occupy separate freestanding buildings with shared parking and laundry amenities.
Property Size4,584 SF
Lot Size0.23 Acres
Price / SF$196.33
Days on Market35
Property Features for 732 High St
General Information
Standard status
Active
Size
4,584 SF
Lot size
0.23 Acres
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Parking per Unit
1
Amenities
coin-op laundry
Building Details
Year Built
1930
Buildings
2
Listing Agency:
Dandurand Real Estate
Listed By:
Team Dandurand
(401) 529-3131
Source:
Alpernandmesenbourg
Added: Sep 2
Changed: Sep 21
Last Checked: Oct 5 at 10:16PM
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 Dandurand Real Estate
Investment Insights
Based on property information with market context.
This mixed-use package includes a freestanding residential building with three units, each offering two bedrooms, a bathroom, living room, and an appliance-equipped kitchen. Assigned parking is provided, and the basement contains coin-operated laundry equipment. All three units are occupied by long-term tenants who pay their own utilities.
The second freestanding building is a one-level commercial property currently operating as an established food market. It contains 1723 sq ft, has modern construction, and includes ample parking. The residential building contains 3786 sq ft. Both buildings share a 10.000 SQ FOOT lot and are offered together as one package at 732 High St, Cumberland, RI 02864.
The second freestanding building is a one-level commercial property currently operating as an established food market. It contains 1723 sq ft, has modern construction, and includes ample parking. The residential building contains 3786 sq ft. Both buildings share a 10.000 SQ FOOT lot and are offered together as one package at 732 High St, Cumberland, RI 02864.
Key Highlights
- Two‑building mixed‑use package offered for sale only as a combined property
- Three residential units, each with 2 bedrooms, bathroom, living room, and appliance‑equipped kitchen
- Residential building contains 3786 sq ft and includes assigned parking plus basement coin‑operated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,326
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,520
$1.5M
Cap Rate 7%
$1,090,371
$1.1M
Cap Rate 9%
$848,067
$848.1K
Market Conditions
NOI Build-Up for 4,584 SF
Gross rent
$116.6K $25.44/SF
− Vacancy
−$7.6K −$1.65/SF
EGI
$109.0K $23.79/SF
− OpEx
−$32.7K −$7.14/SF
NOI
$76.3K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,520
Cap Rate 7%
$1,090,371
Cap Rate 9%
$848,067
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$954.1K – $1.27M
NOI $76,326 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$865.4K
$757.2K – $1.01M
NOI $60,575 @ 7.0% cap · market cap 6.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
282
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units and an operating food market occupy separate freestanding buildings with shared parking and laundry amenities.
Where is this mixed-use property located?
The property is located at 732 High St Cumberland, RI.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two‑building mixed‑use package offered for sale only as a combined property; Three residential units, each with 2 bedrooms, bathroom, living room, and appliance‑equipped kitchen; Residential building contains 3786 sq ft and includes assigned parking plus basement coin‑operated laundry
