Three-Family Residential Income
30 Cumberland Street Cumberland, RI 02864
30 Cumberland Street, Cumberland, RI, 02864
$575,000
Pending
For Sale
$575,000
Pending
MULTI_FAMILY - Cumberland, RI
Property Size3,189 SF
Lot Size0.12 Acres
Days on Market47
Property Features for 30 Cumberland Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 9, Bedroom 3, Bedroom 7, Basement, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking
- 6
- Patio and Porch features
- Porch
- Interior features
- Plumbing (Mixed)
- Exterior features
- Porch
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 3,189 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4957
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Hardwood, Laminate
- Building materials
- Vinyl Siding
Listing Agency
Lighthouse Real Estate Group
(401) 789-6700
40 Main Street, Wakefield, RI
Listed by
Eric Kopf
(401) 789-6700
Added: Jun 2 Checked: Jul 18 at 9:06 am
MLS# 1414191
Listing URL
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.
This three-family property offers three proportional, essentially identical residential units. Each unit features three bedrooms along with a living room and dining room, and includes hardwood floors. The home is being sold in as-is condition, and the property will require some renovation and updating to reach its full potential.
The building is located at 30 Cumberland Street in Cumberland, Rhode Island, on a 0.12-acre lot. The seller has described the setting as a quiet suburban street. The total property size is 3,189 square feet.
For buyers and investors seeking a straightforward multi-unit structure, the consistent unit layout can simplify planning and operations. Since the property is sold as-is, interested parties should plan for due diligence with respect to condition and required improvements. The listing also indicates the sale can be completed with cash or a 203K loan, which may align well with purchasers prepared to finance renovation work through an FHA 203(k) product.
The building is located at 30 Cumberland Street in Cumberland, Rhode Island, on a 0.12-acre lot. The seller has described the setting as a quiet suburban street. The total property size is 3,189 square feet.
For buyers and investors seeking a straightforward multi-unit structure, the consistent unit layout can simplify planning and operations. Since the property is sold as-is, interested parties should plan for due diligence with respect to condition and required improvements. The listing also indicates the sale can be completed with cash or a 203K loan, which may align well with purchasers prepared to finance renovation work through an FHA 203(k) product.
Key Highlights
- Three‑family property with proportional/identical units, each offering 3 beds
- Hardwood floors and dining/living rooms in each unit
- Vinyl siding exterior with a porch
Local 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 | $81.5k | $25.56 |
| − Vacancy | −$4.9k | −$1.53 |
| EGI | $76.6k | $24.03 |
| − OpEx | −$34.5k | −$10.81 |
| NOI | $42.1k | $13.21 |
3,189 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$758.5K
$663.7K – $885.0K
NOI $53,098 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$602.0K
$526.8K – $702.4K
NOI $42,141 @ 7.0% cap · market cap 7.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three identical units with three bedrooms, dining and living rooms, sold as-is in Cumberland, RI.
Where is this triplex located?
The property is located at 30 Cumberland Street Cumberland, RI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑family property with proportional/identical units, each offering 3 beds; Hardwood floors and dining/living rooms in each unit; Vinyl siding exterior with a porch
