Newly Renovated Side-By-Side
For Sale
Under Contract
$595,000
20 Mount Pleasant View Avenue, Cumberland, RI 02864
MULTI_FAMILY - Cumberland, RI
Property Size3,564 SF
Lot Size0.65 Acres
Price / SF$166.95
Days on Market176
Property Features for 20 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 2, Bathroom 4, Bedroom 4, Basement, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
7
Parking features
None
Interior features
Plumbing (Mixed)
Basement
Full, Unfinished
Appliances
Dishwasher, Microwave, Oven/Range, Refrigerator
Subdivision
Cumberland Hill
Standard status
Active Under Contract
Size
3,564 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4530
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Yasah Pitcher
(401) 286-9420
Added: Feb 4
Changed: Jul 28
Last Checked: Jul 30 at 3:06PM
MLS# 1404436
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.
Newly renovated side-by-side duplex located at 20 Mount Pleasant View Avenue in Cumberland, Rhode Island. The property contains two residential units, each featuring two spacious bedrooms, one full bathroom upstairs, and a half bathroom downstairs, along with ample storage throughout. Each unit has separate utilities, plus a private basement and attic access. Newer appliances are included, including dishwashers and a refrigerator, and water heaters are newer. Lead compliance is planned for both units prior to closing.
Set on more than 0.64 acres, the duplex offers abundant parking. The property is described as having easy access to major routes and nearby local amenities.
Each unit is currently vacant, offering flexibility for an owner-occupant or an investor looking for turn-key use of both sides.
Set on more than 0.64 acres, the duplex offers abundant parking. The property is described as having easy access to major routes and nearby local amenities.
Each unit is currently vacant, offering flexibility for an owner-occupant or an investor looking for turn-key use of both sides.
Key Highlights
- Side‑by‑side duplex built in 1930 on over 0.64 acre
- Both units are currently vacant and offer separate utilities
- Each unit includes 2 bedrooms, 1 full bath upstairs, and a half bath downstairs
Financial Insights For Apartment 5plus
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 | $91.1k | $25.56 |
| − Vacancy | −$5.5k | −$1.53 |
| EGI | $85.6k | $24.03 |
| − OpEx | −$38.5k | −$10.81 |
| NOI | $47.1k | $13.21 |
3,564 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$847.7K
$741.8K – $989.0K
NOI $59,342 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$672.8K
$588.7K – $785.0K
NOI $47,097 @ 7.0% cap · market cap 7.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with two vacant units, each offering separate utilities, private basements, and ample parking.
Where is this duplex located?
The property is located at 20 Mount Pleasant View Avenue Cumberland, RI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1930 on over 0.64 acre; Both units are currently vacant and offer separate utilities; Each unit includes 2 bedrooms, 1 full bath upstairs, and a half bath downstairs
