Legal Two-Unit Residential
365 West Wrentham Road Cumberland, RI 02864
New
365 West Wrentham Road, Cumberland, RI, 02864
$1,599,000
For Sale
$1,599,000
Two separate residences on 3 parcels with independent utilities, plus a heated garage and workshop facilities.
Property Size2,919 SF
Lot Size7.84 Acres
Price / SF$547.79
Days on Market6
Property Features for 365 West Wrentham Road
General Information
- Standard status
- Active
- Size
- 2,919 SF
- Lot size
- 7.84 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1978
Listing agency
Lila Delman Compass
(401) 789-6666
Listed by
Michele Doherty · License #RES.0042281
Source
Lockandkeyre
Added: Jul 16 Updated: Jul 21 at 6:48AM Checked: Jul 21 at 6:48AM
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
Investment Insights
Based on property information with market context.
This legal two-unit residential compound consists of two distinct residences with separate utilities and separate mailing addresses, arranged for privacy and flexible living. The primary Colonial offers multiple bedrooms and baths, along with a finished walkout lower level. A second permitted residence is located above the barn and provides an additional independent living space. Recent updates include new roofs on all structures, a modern granite kitchen, new flooring, fresh paint, new Harvey Elite triple-pane windows, and skylights.
Set on 7.84 private, gated acres, the property includes extensive outbuildings and site amenities such as a separate heated garage, workshop, shed, and chicken coop. The grounds feature an open pasture, a spring-fed pond, irrigation, invisible fencing, and a custom patio with a fire pit.
The offering is presented as a multi-parcel estate with substantial improvements and two legal units within one compound at 365 West Wrentham Road in Cumberland, Rhode Island.
Set on 7.84 private, gated acres, the property includes extensive outbuildings and site amenities such as a separate heated garage, workshop, shed, and chicken coop. The grounds feature an open pasture, a spring-fed pond, irrigation, invisible fencing, and a custom patio with a fire pit.
The offering is presented as a multi-parcel estate with substantial improvements and two legal units within one compound at 365 West Wrentham Road in Cumberland, Rhode Island.
Key Highlights
- Legal 2‑unit compound on 7.84 private, gated acres in Cumberland, comprising 3 parcels
- Primary Colonial: 4BR/5BA with 2,900+ SF plus a 1,300 SF finished walkout lower level
- Second legal residence: 1,260 SF permitted apartment above the barn with separate autonomy and privacy
Local Financial Insights For Multifamily LT 5
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 | $74.3k | $25.44 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.4k | $23.79 |
| − OpEx | −$20.8k | −$7.14 |
| NOI | $48.6k | $16.65 |
2,919 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate residences on 3 parcels with independent utilities, plus a heated garage and workshop facilities.
Where is this duplex located?
The property is located at 365 West Wrentham Road 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, gated acres in Cumberland, comprising 3 parcels; Primary Colonial: 4BR/5BA with 2,900+ SF plus a 1,300 SF finished walkout lower level; Second legal residence: 1,260 SF permitted apartment above the barn with separate autonomy and privacy
