Two-Building Mixed-Use
For Sale
$899,999
Cumberland, RI 02864, Cumberland, RI 02864
Residential Income, Cumberland, RI
Property Size5,530 SF
Lot Size0.23 Acres
Price / SF$162.75
Days on Market170
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MIX
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2
Parking
8
Parking features
None
Window features
Insulated Windows
Interior features
Wall (Dry Wall), Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
Basement
Unfinished, Full, Storage Space
Appliances
Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
5,530 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5717
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Amenities
assigned parking
coin-op laundry
Building Details
Year built
1930
Floors in Building
3
Number of units
4
Flooring type
Vinyl, Tile - Ceramic, Carpet, Laminate
Building materials
Dry Wall, Brick, Shingles, Vinyl Siding
Listing Agency:
Dandurand Real Estate
(401) 724-6637
Listed By:
Team Dandurand
(401) 529-3131
Added: Apr 20
Changed: Sep 26
Last Checked: Oct 6 at 6:06PM
MLS# 1410463
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.
The residential building contains three occupied apartments, each with two bedrooms, a bathroom, a living room, and an appliance-equipped kitchen. A coin-operated laundry is located in the basement. Tenants pay their own utilities. The freestanding building is a one-level commercial structure currently used as a food market; it has modern construction and is described as being in very good condition.
Both buildings are offered together and occupy a shared 10,000-square-foot lot in Cumberland, Rhode Island. The residential building measures 3,786 square feet, while the market building measures 1,723 square feet. The property is zoned MIX.
Both buildings are offered together and occupy a shared 10,000-square-foot lot in Cumberland, Rhode Island. The residential building measures 3,786 square feet, while the market building measures 1,723 square feet. The property is zoned MIX.
Key Highlights
- Three occupied residential units, each with 2 bedrooms
- Residential building measures 3,786 square feet
- One‑level food‑market building measures 1,723 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,076
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,520
$1.5M
Cap Rate 7%
$1,043,943
$1.0M
Cap Rate 9%
$811,956
$812.0K
Market Conditions
NOI Build-Up for 5,530 SF
Gross rent
$141.3K $25.56/SF
− Vacancy
−$8.5K −$1.53/SF
EGI
$132.9K $24.03/SF
− OpEx
−$59.8K −$10.81/SF
NOI
$73.1K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,520
Cap Rate 7%
$1,043,943
Cap Rate 9%
$811,956
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.15M – $1.53M
NOI $92,077 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$1.04M
$913.5K – $1.22M
NOI $73,076 @ 7.0% cap · market cap 8.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
282
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The package combines occupied three-unit housing with a freestanding food-market building on a shared lot.
Where is this mixed-use property located?
The property is located at Cumberland, RI.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Three occupied residential units, each with 2 bedrooms; Residential building measures 3,786 square feet; One‑level food‑market building measures 1,723 square feet
