INNOVATE Real Estate
Multi Family at 471 Broad Street, Cumberland
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$799,999

471 Broad Street
Cumberland, RI 02864
Listed by John Slyman
Bedrooms
8
Bathrooms
5
Living area
N/A
Year built
1940

About this home

Exceptional 4-family opportunity in Cumberland with a rare combination of owner-occupant appeal and strong investment upside. The centerpiece is a massive vacant first-floor owner’s unit offering 3 bedrooms, 2 full baths, an updated kitchen with stainless steel appliances, expansive living space and an additional bonus room with its own separate entrance—ideal for an office, storage or potential future rental use. The remaining units include a 2-bed/1-bath and 1-bed/1-bath on the second floor, plus another 2-bed/1-bath on the third floor. At projected market rents, the property has the potential to generate approximately $7,500-$8,000 per month in gross rental income. All utilities are separately metered, helping keep owner expenses low. Major improvements include siding approximately 2 years old, roof and windows approximately 13 years old and 3 brand-new hot water tanks. Additional features include hardwood floors, spacious rooms, abundant natural light, a large basement and oversized off-street parking. The size and versatility of this property are difficult to capture in photos—this one truly needs to be seen in person.

Property details

MLS #
1425268
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
October 6, 2026
Stories
3
Total bathrooms
5
Garage spaces
N/A
Parking spaces
10
Lot size
0.24 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
B.F. Norton Elementary School
0.26 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
321
Student:teacher ratio
13.4:1
District
Cumberland
Middle
Joseph L. McCourt MS
0.44 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
425
Student:teacher ratio
9.9:1
District
Cumberland
HighCharter
Blackstone Valley Prep High
0.63 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
403
Student:teacher ratio
12.6:1
District
Blackstone Valley Prep A RI Mayoral Academy

Walkability

Blended score for Cumberland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

87
Highly walkable
out of 100
EPA National Walkability Index
17.3 / 20 -- Most walkable

Market position

How this listing compares to current activity in Cumberland, from live MLS data.

On the market 0 days -- 56 fewer days than Cumberland's current average of 56 days.
For reference, the median list price across 230 active listings in Cumberland right now is $550,000.

Mortgage calculator

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Est. monthly payment
$4,968/mo
$160,000 down
$639,999 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.