Triplex with Spacious Unit
New
For Sale
$480,000
376 Cumberland Hill Road, Woonsocket, RI 02895
The first- and third-floor residences each offer three bedrooms, dining space, and a separate living room.
Property Size3,063 SF
Price / SF$156.71
Days on Market5
Property Features for 376 Cumberland Hill Road
General Information
Standard status
Active
Size
3,063 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
SERHANT.
(401) 382-0600
Listed By:
Susan Schultz · License #RES.0041102
(401) 499-4124
Source:
Lockandkeyre
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 9 at 10:17PM
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 SERHANT.
Investment Insights
Based on property information with market context.
This 3,063-square-foot triplex was built in 1900 and sits back from the road. Its first- and third-floor apartments each have three bedrooms, a dining area, and a living room.
Key Highlights
- 3,063‑square‑foot triplex
- Built in 1900
- First- and third‑floor apartments each have 3 bedrooms, a dining area, and a living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,476
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,520
$809.5K
Cap Rate 7%
$578,229
$578.2K
Cap Rate 9%
$449,733
$449.7K
Market Conditions
NOI Build-Up for 3,063 SF
Gross rent
$78.3K $25.56/SF
− Vacancy
−$4.7K −$1.53/SF
EGI
$73.6K $24.03/SF
− OpEx
−$33.1K −$10.81/SF
NOI
$40.5K $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%
$809,520
Cap Rate 7%
$578,229
Cap Rate 9%
$449,733
Alternative Uses
Best Use
Multifamily LT 5
$728.6K
$637.5K – $850.0K
NOI $51,000 @ 7.0% cap · market cap 10.63%
Second Best
Apartment 5plus
$578.2K
$506.0K – $674.6K
NOI $40,476 @ 7.0% cap · market cap 8.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The first- and third-floor residences each offer three bedrooms, dining space, and a separate living room.
Where is this triplex located?
The property is located at 376 Cumberland Hill Road Woonsocket, RI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 3,063‑square‑foot triplex; Built in 1900; First- and third‑floor apartments each have 3 bedrooms, a dining area, and a living room
