For sale

$599,900

421 Broad St, Cumberland, RI 02864

5beds

2,487sqft

$3,361/mo

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Multi Family

Built in 1940

-- sqft lot

$598,800 Zestimate^®

$241/sqft

$-- HOA

What's special

Dedicated off-street parkingGas heatSeparate utilities

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!

19 hours

206

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Bathroom

Features: Bath w Tub & Shower

Heating

Natural Gas, Baseboard, Forced Water

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Oven/Range, Refrigerator
Laundry: In Building

Features

Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Walls)
Flooring: Ceramic Tile, Carpet
Basement: Full,Walk-Out Access,Partially Finished,Common,Laundry,Storage Space,Utility
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,936
Total interior livable area: 2,487 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: No Garage

Features

Stories: 3

Lot

Size: 4,364 Square Feet

Details

Parcel number: CUMBM007B0477L000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Plaster, Vinyl Siding
Foundation: Brick/Mortar, Concrete Perimeter

Condition

New construction: No
Year built: 1940

Utilities & green energy

Electric: 100 Amp Service
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Near Public Transport, Commuter Bus, Interstate, Public School, Recreational Facilities, Schools, Near Shopping
Subdivision: Valley Falls

HOA

Has HOA: No

Location

Region: Cumberland

Financial & listing details

Price per square foot: $241/sqft
Tax assessed value: $353,400
Annual tax amount: $4,649
Date on market: 8/25/2026
Inclusions: Working with 2nd floor tenant to secure rent relief.
Total actual rent: 3500
Tenant pays: Heat

Estimated market value

$598,800

$569,000 - $629,000

$2,633/mo

Price history

Date	Event	Price
8/25/2026	Listed for sale	$599,900+47.2%$241/sqft
Source: StateWide MLS RI #1421510 Report a problem
5/13/2022	Sold	$407,500+8.7%$164/sqft
Source: StateWide MLS RI #1306907 Report a problem
4/13/2022	Pending sale	$375,000$151/sqft
Source: StateWide MLS RI #1306907 Report a problem
4/6/2022	Listed for sale	$375,000$151/sqft
Source: StateWide MLS RI #1306907 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,336 +2.7%	$353,400
2024	$4,223 +2.8%	$353,400
2023	$4,107 +15.5%	$353,400 +48.9%
2022	$3,557 +1.7%	$237,300
2021	$3,498 +2.9%	$237,300
2020	$3,398 +14.9%	$237,300 +27.4%
2019	$2,958 +3%	$186,300
2018	$2,873 -9.1%	$186,300 -10.4%
2017	$3,162 +4.3%	$207,900 +17.1%
2016	$3,033	$177,600
2015	$3,033	$177,600
2014	$3,033 +3%	$177,600 -4.8%
2013	$2,945 +1.1%	$186,600
2012	$2,913 +1.8%	$186,600
2011	$2,862 -7.1%	$186,600 -20.4%
2010	$3,082 +2.6%	$234,400
2009	$3,003 +3.5%	$234,400
2008	$2,902 +1.7%	$234,400 -5.3%
2007	$2,853 +4.2%	$247,400
2006	$2,739	$247,400