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    OFF-MARKET
    Investment properties

    417 Broad St, Cumberland, RI 02864-7868

    2,073 SF 0.07 ac lot Built 1940
    Entity Owned ~ Est. High Equity
    Property ID
    US76-0357848
    Property summary
    AI-generated overview

    This exceptional Cumberland, RI investment property presents a rare opportunity to acquire a meticulously maintained multi-unit complex spanning 3,250 square feet on a 0.16-acre lot. The property comprises two buildings, both recently renovated with new interiors. The front building is a three-unit structure. The ground floor offers versatile commercial space, ideal for a variety of businesses. Above, the second and third floors each feature a two-bedroom, one-bathroom apartment, each with a bonus room on the second floor. The rear building is a charming three-bedroom, one-and-a-half-bathroom single-family residence. Both buildings benefit from recently replaced roofs (less than five years old), ensuring long-term cost savings. A shared water supply services both structures. This property is being offered as a package deal, presenting a unique opportunity for investors seeking a diversified portfolio or a savvy owner-occupant seeking rental income. The asking price for this turnkey investment is $599,999. This is an exceptional opportunity to acquire a high-yield property in a desirable location. The property's recent renovations and strong rental potential make it an attractive investment for both seasoned investors and those new to the market. Don't miss this chance to secure a valuable asset in the thriving Cumberland real estate market.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1940
    Construction FRAME
    Total area 2,073 SF
    Lot 0.07 ac (2,919 SF)
    Zoning code C-1
    APN CUMB M:007 B:0478 L:000
    UPID US76-0357848
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    B & S Consulting LLC
    B & S Consulting LLC
    since 2026
    Last sale
    $465,000
    7 recorded transactions
    2026
    $465,000
    2023
    2019
    $275,000
    2018
    2017
    2013
    $130,000
    2001
    Zoning & alternative use
    C-1 · Cumberland, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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