Multi Family at 421 Broad Street, Cumberland
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16 photos

$599,900

421 Broad Street
Cumberland, RI 02864
Listed by Justin Freitas
Bedrooms
5
Bathrooms
3
Living area
N/A
Year built
1940

About this home

Tremendous investment opportunity in Valley Falls! This rare 3-family multi-family property offers an exceptional future cash flow situation with the right vision. An excellent multi-unit layout featuring separate utilities, gas heat, and dedicated off-street parking. Tenants enjoy immediate access to local shopping, dining, public transit, and top-rated Cumberland schools. Whether you are looking to expand your portfolio or house-hack while letting tenants pay your mortgage, this turn-key multi-family delivers location and proven long-term appreciation. Seller to replace hot water tank prior to closing. Don't miss out on adding a cornerstone asset to your portfolio!

Property details

MLS #
1421510
Property type
Multi Family
Subdivision
Valley Falls
Status
Active
Days on market
12
On market date
August 25, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
4
Lot size
0.1002 acres
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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
0.18 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
0.5 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
0.55 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 12 days -- 46 fewer days than Cumberland's current average of 58 days.
For reference, the median list price across 217 active listings in Cumberland right now is $549,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,763/mo
$119,980 down
$479,920 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 28 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.