Two-Family Duplex with Walk-Up
New
For Sale
$550,000
628 Cumberland Hill Rd, Woonsocket, RI 02895
Each level has a private enclosed porch, with additional space in the basement and attic.
Property Size2,296 SF
Price / SF$239.55
Days on Market6
Property Features for 628 Cumberland Hill Rd
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Multi-Family
Building Details
Year Built
1935
Listing Agency:
Paul Litchfield, Pm Litchfield Real Estate Services Inc
Listed By:
David Sampson Group
(617) 595-5082
Source:
Sampsonrealtygroup
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 7:05PM
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 Paul Litchfield, Pm Litchfield Real Estate Services Inc
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,296 square feet, with six bedrooms and two full bathrooms. A basement and walk-up attic add usable interior space, while each level has its own enclosed porch. The property was built in 1935 and includes a backyard and parking. Located at 628 Cumberland Hill Rd in Woonsocket, Rhode Island, the home offers a two-level residential configuration.
Key Highlights
- Two‑family duplex with 2,296 square feet
- Six bedrooms and two full bathrooms
- Basement and walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,230
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,600
$764.6K
Cap Rate 7%
$546,143
$546.1K
Cap Rate 9%
$424,778
$424.8K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$58.4K $25.44/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$54.6K $23.79/SF
− OpEx
−$16.4K −$7.14/SF
NOI
$38.2K $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%
$764,600
Cap Rate 7%
$546,143
Cap Rate 9%
$424,778
Alternative Uses
Best Use
Multifamily LT 5
$546.1K
$477.9K – $637.2K
NOI $38,230 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$433.4K
$379.3K – $505.7K
NOI $30,341 @ 7.0% cap · market cap 5.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
452
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?
Duplex - Each level has a private enclosed porch, with additional space in the basement and attic.
Where is this duplex located?
The property is located at 628 Cumberland Hill Rd Woonsocket, RI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family duplex with 2,296 square feet; Six bedrooms and two full bathrooms; Basement and walk‑up attic
