Two-Unit Estate on 7.84
For Sale
$1,599,000
365 West Wrentham Rd, Cumberland, RI 02864
Rare Cumberland estate with two residences and income potential.
Property Size2,919 SF
Lot Size7.84 Acres
Price / SF$547.79
Days on Market160
Property Features for 365 West Wrentham Rd
General Information
Standard status
Active
Size
2,919 SF
Lot size
7.84 Acres
Property subtype
Multi-Family
Building Details
Year Built
1978
Listing Agency:
Lila Delman Compass
Listed By:
Michele Doherty · License #RES.0042281
(401) 835-1616
Source:
Alpernandmesenbourg
Added: May 20
Changed: Oct 25
Last Checked: Aug 25 at 3:56AM
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 Lila Delman Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This rare opportunity features a legal two-unit compound situated on 7.84 acres of private land in Cumberland. The estate, comprising three parcels, includes two distinct residences with separate utilities and mailing addresses, suitable for owner-occupants, multi-generational living, or rental income. The property is set behind iron gates and stone walls and has been recently updated. The primary residence is a four-bedroom, five-bathroom Colonial with over 2,900 square feet of sun-filled space, plus a 1,300 square foot finished walkout lower level that includes a kitchenette, fireplace, and half bath. Recent renovations include a modern granite kitchen, new flooring, fresh paint, and Harvey Elite triple-pane windows. The open layout provides space for gatherings. The upper level features a primary suite, three additional bedrooms with hardwood floors, a den, and a full bath. The second legal residence is a 1,260 square foot permitted apartment located above the barn, offering autonomy for tenants or guests. The estate's infrastructure also features a separate 1,200 square foot heated garage, workshop, shed, and chicken coop. The grounds include open pasture, a freshwater pond, irrigation, and invisible fencing. Outdoor living can be enjoyed on the patio with a custom fire pit. This versatile offering combines New England charm with income potential.
Key Highlights
- Legal 2‑unit compound on 7.84 private acres, ideal for owner‑occupants, multi‑generational living, or rental income.
- Two distinct residences with separate utilities and mailing addresses.
- Primary 4BR, 5BA Colonial with 2,900+ SF, plus a finished walkout lower level.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,603
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,060
$972.1K
Cap Rate 7%
$694,329
$694.3K
Cap Rate 9%
$540,033
$540.0K
Market Conditions
NOI Build-Up for 2,919 SF
Gross rent
$74.3K $25.44/SF
− Vacancy
−$4.8K −$1.65/SF
EGI
$69.4K $23.79/SF
− OpEx
−$20.8K −$7.14/SF
NOI
$48.6K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,060
Cap Rate 7%
$694,329
Cap Rate 9%
$540,033
Alternative Uses
Best Use
Multifamily LT 5
$694.3K
$607.5K – $810.1K
NOI $48,603 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$551.0K
$482.2K – $642.9K
NOI $38,573 @ 7.0% cap · market cap 2.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
25
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Rare Cumberland estate with two residences and income potential.
Where is this duplex located?
The property is located at 365 West Wrentham Rd Cumberland, RI.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Legal 2‑unit compound on 7.84 private acres, ideal for owner‑occupants, multi‑generational living, or rental income.; Two distinct residences with separate utilities and mailing addresses.; Primary 4BR, 5BA Colonial with 2,900+ SF, plus a finished walkout lower level.
