Legal Two-Unit Residential
97 Angell Road Cumberland, RI 02864
97 Angell Road, Cumberland, RI, 02864
$675,000
For Sale
$675,000
Legal 2-unit property on 1.29 acres with a detached 4-car garage, deck with pool, and separate in-unit laundry.
Property Size3,000 SF
Lot Size1.29 Acres
Price / SF$225
Days on Market205
Property Features for 97 Angell Road
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 1.29 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1958
Listing agency
Keller Williams Realty Leading Edge
Listed by
Spectrum Real Estate Consultants
(781) 545-3155
Source
Grandgables
Added: Dec 28, 2025 Updated: Jul 20 at 5:39PM Checked: Jul 21 at 7:06AM
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 Keller Williams Realty Leading Edge
Investment Insights
Based on property information with market context.
This legal two-unit residential income property offers a total of six bedrooms and three bathrooms. The primary unit features four bedrooms and two bathrooms, with noted potential to add a third bathroom, along with a vaulted great room with abundant windows that opens to the kitchen and dining areas. Interior highlights include hardwood floors, updated bathrooms, a wood-burning fireplace insert, and first-floor laundry. The second unit is a two-bedroom, one-bath layout with its own laundry, suitable for additional income or multigenerational use.
The property is set on 1.29 acres and abuts more than 400 acres of town-owned land. Outdoor amenities include a deck with pool and a garden area with a greenhouse, plus a detached 4-car garage. Easy access to I-295 is noted in the listing remarks.
Configuration-wise, the home provides two distinct dwelling units within a single property, supported by separate laundry provisions for both the primary unit and the apartment.
The property is set on 1.29 acres and abuts more than 400 acres of town-owned land. Outdoor amenities include a deck with pool and a garden area with a greenhouse, plus a detached 4-car garage. Easy access to I-295 is noted in the listing remarks.
Configuration-wise, the home provides two distinct dwelling units within a single property, supported by separate laundry provisions for both the primary unit and the apartment.
Key Highlights
- Legal 2‑unit property on 1.29 acres in Cumberland, RI (year built 1958).
- Total 6 bedrooms and 3 bathrooms: primary unit has 4 bedrooms/2 baths with potential for a 3rd bathroom.
- Primary unit features a vaulted great room with abundant windows, plus hardwood floors, updated bathrooms, a wood‑burning fireplace insert, and first‑floor laundry.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.3k | $25.44 |
| − Vacancy | −$5.0k | −$1.65 |
| EGI | $71.4k | $23.79 |
| − OpEx | −$21.4k | −$7.14 |
| NOI | $50.0k | $16.65 |
3,000 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$713.6K
$624.4K – $832.5K
NOI $49,951 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$566.3K
$495.6K – $660.7K
NOI $39,644 @ 7.0% cap · market cap 5.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal 2-unit property on 1.29 acres with a detached 4-car garage, deck with pool, and separate in-unit laundry.
Where is this duplex located?
The property is located at 97 Angell Road Cumberland, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Legal 2‑unit property on 1.29 acres in Cumberland, RI (year built 1958).; Total 6 bedrooms and 3 bathrooms: primary unit has 4 bedrooms/2 baths with potential for a 3rd bathroom.; Primary unit features a vaulted great room with abundant windows, plus hardwood floors, updated bathrooms, a wood‑burning fireplace insert, and first‑floor laundry.
