Two-Story Multifamily
For Sale
$510,000
226 Marshall Avenue, Cumberland, RI 02864
The updated kitchen has granite countertops, a stove, and a refrigerator.
Property Size1,545 SF
Price / SF$330.10
Days on Market18
Property Features for 226 Marshall Avenue
General Information
Standard status
Active
Size
1,545 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,826
Building Details
Building Size
1,545 SF
Year Built
1930
Stories
2
Listing Agency:
www.HomeZu.com
Listed By:
Jason Saphire · License #REB.0016418
(877) 249-5478
Source:
Pooleproperties
Added: Oct 14
Changed: Oct 30
Last Checked: Oct 30 at 3:33PM
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 www.HomeZu.com
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Investment Insights
Based on property information with market context.
This two-story multifamily residence in Cumberland offers 1,545 square feet, with four bedrooms and two full bathrooms. The kitchen has granite countertops, a stove, and a refrigerator. A roof installed four months before the listing complements the home’s updated features.
Outdoor features include a front lawn, driveway, backyard, and storage shed. The property is near schools, parks, shopping, and restaurants.
Outdoor features include a front lawn, driveway, backyard, and storage shed. The property is near schools, parks, shopping, and restaurants.
Key Highlights
- Four bedrooms and two full bathrooms across 1,545 square feet
- Two‑story multifamily residence built in 1930
- Roof was four months old at the time of listing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,416
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,320
$408.3K
Cap Rate 7%
$291,657
$291.7K
Cap Rate 9%
$226,844
$226.8K
Market Conditions
NOI Build-Up for 1,545 SF
Gross rent
$39.5K $25.56/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$37.1K $24.03/SF
− OpEx
−$16.7K −$10.81/SF
NOI
$20.4K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,320
Cap Rate 7%
$291,657
Cap Rate 9%
$226,844
Alternative Uses
Best Use
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,416 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$367.5K
$321.6K – $428.8K
NOI $25,725 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
163
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The updated kitchen has granite countertops, a stove, and a refrigerator.
Where is this multifamily property located?
The property is located at 226 Marshall Avenue Cumberland, RI.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four bedrooms and two full bathrooms across 1,545 square feet; Two‑story multifamily residence built in 1930; Roof was four months old at the time of listing
