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Three-Unit Multifamily Property
For Sale
$599,900

421 Broad Street, Cumberland, RI 02864

Separate utilities, gas heat, and dedicated off-street parking support straightforward unit operations.

Property SizeContact for details
Days on Market8

Property Features for 421 Broad Street

General Information

Standard status Active
Property subtype Multi-family

Property Condition

Severity Repairs Needed
Evidence replace hot water tank

Additional Details

Public Transit Yes
Multifamily Units 3

Building Details

Year Built 1940
Listing Agency: CENTURY 21 Gonsalves - Pastore
Listed By: Justin Freitas
Source: Milburyre
Added: Aug 25 Changed: Aug 31 Last Checked: Aug 31 at 8:35PM

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 CENTURY 21 Gonsalves - Pastore

Investment Insights

Based on property information with market context.

Built in 1940, this multifamily property is configured as three residential units with separate utilities, gas heat, and dedicated off-street parking. The layout provides distinct living arrangements within a single income-producing asset, while individually separated utilities support unit-level management.

The seller will replace the hot water tank before closing. These established building systems and the three-unit configuration provide a clear physical profile for buyers evaluating a smaller multifamily property.

Key Highlights

  • Three‑family multifamily configuration
  • Separate utilities for the units
  • Gas heat

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency HVAC Service Building Supply Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

414
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Separate utilities, gas heat, and dedicated off-street parking support straightforward unit operations.
Where is this triplex located?
The property is located at 421 Broad Street Cumberland, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three‑family multifamily configuration; Separate utilities for the units; Gas heat
More about this property
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