Two-Family Mixed-Use
New
For Sale
$524,900
3862 Mendon Road, Cumberland, RI 02864
Residential Income, Cumberland, RI
Property Size1,792 SF
Lot Size0.32 Acres
Price / SF$292.91
Days on Market4
Property Features for 3862 Mendon Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking
8
Parking features
None
Patio and Porch features
Patio
Interior features
Wall (Plaster)
Exterior features
Patio
Basement
Full, Unfinished
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
1,792 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6232
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Plaster
Buildings
2
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Denali Group
(401) 524-0770
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 25 at 12:06PM
MLS# 1426790
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.
The property combines a two-unit residence with a separate, freestanding commercial building measuring 800 square feet. The residence dates to 1935 and includes a patio, hardwood flooring, and a basement. Public water, town sewer, and natural gas serve the residential units.
The combined property occupies 0.32 acres in Cumberland, with access for regional commuting and dining, schools, and parks nearby.
The combined property occupies 0.32 acres in Cumberland, with access for regional commuting and dining, schools, and parks nearby.
Key Highlights
- Two‑unit residential property with a separate freestanding commercial building
- Commercial building measures 800 square feet
- 0.32‑acre parcel in Cumberland
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,838
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,760
$596.8K
Cap Rate 7%
$426,257
$426.3K
Cap Rate 9%
$331,533
$331.5K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$45.6K $25.44/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$42.6K $23.79/SF
− OpEx
−$12.8K −$7.14/SF
NOI
$29.8K $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%
$596,760
Cap Rate 7%
$426,257
Cap Rate 9%
$331,533
Alternative Uses
Best Use
Multifamily LT 5
$426.3K
$373.0K – $497.3K
NOI $29,838 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$338.3K
$296.0K – $394.7K
NOI $23,680 @ 7.0% cap · market cap 4.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
175
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
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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?
Mixed-use property - A detached commercial building accompanies the two-unit residence on a shared parcel.
Where is this mixed-use property located?
The property is located at 3862 Mendon Road Cumberland, RI.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two‑unit residential property with a separate freestanding commercial building; Commercial building measures 800 square feet; 0.32‑acre parcel in Cumberland
