Triplex with Detached
For Sale
$499,900
32 Money Hill Road, Glocester, RI 02814
Residential Income, Glocester, RI
Property Size2,952 SF
Lot Size1.45 Acres
Price / SF$169.34
Days on Market53
Property Features for 32 Money Hill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 1, Basement
Parking
3
Interior features
Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
Basement
Storage Space, Unfinished, Full
Appliances
Electric Water Heater
Lot features
Barn
Standard status
Active
Size
2,952 SF
Lot size
1.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6106
Utilities
Sewer type
Cesspool
Heating system
Forced Air, Natural Gas, Baseboard, Electric (Heating), Oil
Water source
Well
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile - Ceramic
Building materials
Plaster, Clapboard
Listing Agency:
Re/Max Bell Park · RE/MAX International
Listed By:
Nicole Garbutt
(860) 774-7600
Added: Sep 3
Changed: Oct 22
Last Checked: Oct 25 at 12:06PM
MLS# 1422513
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.
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Investment Insights
Based on property information with market context.
This 2,952-square-foot triplex was built in 1900 and sits on 1.45 acres in Chepachet. The unit mix includes one three-bedroom apartment and two two-bedroom apartments. Two units are occupied, while the third is vacant and unfinished. Interior features include plaster walls, attic space, mixed plumbing, hardwood flooring, and ceramic tile. The property is served by a well and cesspool, with an electric water heater.
Exterior improvements include a detached barn and a spacious yard. Located at 32 Money Hill Road in Glocester, the property offers a three-unit residential configuration with additional storage space on the site.
Exterior improvements include a detached barn and a spacious yard. Located at 32 Money Hill Road in Glocester, the property offers a three-unit residential configuration with additional storage space on the site.
Key Highlights
- Three‑unit property with one 3‑bedroom and two 2‑bedroom apartments
- 2,952 square feet on 1.45 acres
- Two units occupied; third unit vacant and unfinished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,009
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,180
$780.2K
Cap Rate 7%
$557,271
$557.3K
Cap Rate 9%
$433,433
$433.4K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$75.5K $25.56/SF
− Vacancy
−$4.5K −$1.53/SF
EGI
$70.9K $24.03/SF
− OpEx
−$31.9K −$10.81/SF
NOI
$39.0K $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%
$780,180
Cap Rate 7%
$557,271
Cap Rate 9%
$433,433
Alternative Uses
Best Use
Multifamily LT 5
$702.2K
$614.4K – $819.2K
NOI $49,152 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$557.3K
$487.6K – $650.2K
NOI $39,009 @ 7.0% cap · market cap 7.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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Business Placement
Demographics for 02814, RI
7,549
Population
3,249
Households
2.3
Avg Household Size
48
Median Age
32%
College-Educated
95%
High-School Grad
43.4 sq mi
ZIP Area
174
Density / Sq Mi
$109,632
Median Household Income
$58,446
Median Earnings
$1,046
Median Rent
$376,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include two occupied apartments and a vacant, unfinished unit for completion.
Where is this triplex located?
The property is located at 32 Money Hill Road Glocester, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑unit property with one 3‑bedroom and two 2‑bedroom apartments; 2,952 square feet on 1.45 acres; Two units occupied; third unit vacant and unfinished
