8-Unit Apartment
For Sale
Contact for pricing
Pending
223 Broad St, Cumberland, RI 02864
Multi-building residential asset with updated roofing, separate heating systems, basements, and off-street parking.
Property SizeContact for details
Days on Market144
Property Features for 223 Broad St
General Information
Standard status
Pending
Property subtype
Retail, Multifamily
Units
Unit Mix
5 x 1BR, 1 x 1BR, 1 x 2BR, 1 x cottage
Multifamily Units
8
Building Details
Buildings
3
Listing Agency:
RE/MAX Preferred
(401) 353-2200
Listed By:
Tony Lanni · License #REB.0018844
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Sep 1 at 10:26AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This residential income property comprises 8 units arranged across 3 buildings. The configuration includes a five-unit building with one-bedroom apartments, a duplex containing one- and two-bedroom units, and a detached cottage that requires completion before it can generate additional rent. Two buildings include basements, while a two-car garage and off-street parking provide supplemental site improvements.
Roofs were updated approximately 10 years ago, and some windows have been replaced with vinyl units. Many apartments feature their own Navien gas systems, allowing tenants to pay their individual utility costs. The property is being offered as-is, with cash or conventional financing noted as acceptable transaction terms.
Roofs were updated approximately 10 years ago, and some windows have been replaced with vinyl units. Many apartments feature their own Navien gas systems, allowing tenants to pay their individual utility costs. The property is being offered as-is, with cash or conventional financing noted as acceptable transaction terms.
Key Highlights
- 8 units distributed across 3 buildings
- Five one‑bedroom units, a one‑bedroom and two‑bedroom duplex, plus a standalone cottage
- Standalone cottage requires completion for additional rent potential
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
403
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?
Apartment building - Multi-building residential asset with updated roofing, separate heating systems, basements, and off-street parking.
Where is this apartment building located?
The property is located at 223 Broad St Cumberland, RI.
What are key features of this property?
This property features: 8 units distributed across 3 buildings; Five one‑bedroom units, a one‑bedroom and two‑bedroom duplex, plus a standalone cottage; Standalone cottage requires completion for additional rent potential
