Three-Family Residential
For Sale
$599,900
421 Broad Street, Cumberland, RI 02864
Residential Income, Cumberland, RI
Property Size2,936 SF
Lot Size0.10 Acres
Price / SF$204.33
Days on Market50
Property Features for 421 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 4
Parking
4
Parking features
None
Interior features
Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Walls)
Basement
Full, Storage Space, Partially Finished
Appliances
Dishwasher, Oven, Range, Refrigerator
Subdivision
Valley Falls
Standard status
Active
Size
2,936 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4649
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1940
Floors in Building
3
Number of units
3
Flooring type
Carpet, Tile - Ceramic
Building materials
Plaster, Vinyl Siding
Listing Agency:
Century 21 Gonsalves - Pastore · Coldwell Banker Real Estate
(401) 728-2770
Listed By:
Justin Freitas
(401) 288-7659
Added: Aug 25
Changed: Sep 26
Last Checked: Oct 13 at 3:06PM
MLS# 1421510
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.
Investment Insights
Based on property information with market context.
This three-family property contains 2,936 square feet across a five-bedroom, three-bathroom layout. Built in 1940, it has plaster interior walls, vinyl siding, and a mix of carpet and ceramic tile flooring. Heating is provided by natural gas baseboard systems, with window-unit cooling. The property also includes a basement and a kitchen appliance package with a dishwasher, oven, range, and refrigerator. Separate utilities serve the units, and the seller will replace the hot water tank before closing.
The property is located on Broad Street in Cumberland, with local shopping, dining, and public transit described as readily accessible. The lot measures 0.1002 acres.
The property is located on Broad Street in Cumberland, with local shopping, dining, and public transit described as readily accessible. The lot measures 0.1002 acres.
Key Highlights
- Three‑family property with 2,936 square feet
- Five bedrooms and three bathrooms
- Separate utilities and natural gas baseboard heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,886
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,720
$977.7K
Cap Rate 7%
$698,371
$698.4K
Cap Rate 9%
$543,178
$543.2K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$74.7K $25.44/SF
− Vacancy
−$4.9K −$1.65/SF
EGI
$69.8K $23.79/SF
− OpEx
−$21.0K −$7.14/SF
NOI
$48.9K $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%
$977,720
Cap Rate 7%
$698,371
Cap Rate 9%
$543,178
Alternative Uses
Best Use
Multifamily LT 5
$698.4K
$611.1K – $814.8K
NOI $48,886 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$554.3K
$485.0K – $646.6K
NOI $38,798 @ 7.0% cap · market cap 6.47%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
414
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities and natural gas baseboard heat support the building’s three-unit configuration.
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 property with 2,936 square feet; Five bedrooms and three bathrooms; Separate utilities and natural gas baseboard heat
