2220 Diamond Hill Road Cumberland, RI $ 1,099,000
2220 Diamond Hill Road
$ 1,099,000
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2220 Diamond Hill Road

Cumberland, RI, 02864
$ 1,099,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,767

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Commercial Property for sale in Cumberland, RI

for $1,099,000. This building was built in 1950 on a lot size of 1.13.

Fantastic Opportunity to own a Mixed Use 6-Unit along with over a 1/2 Acre Vacant Lot located between Chapel Four Corners and I295 on Diamond Hill Road. Currently there are 2 Commercial Units, one on the 1st Level and one on Lower Level. There are 4 Residential Apartments, 2 on the 1st Level and 2 on the 2nd Level. A Two Stall Garage is attached to the building...one stall is utilized by the Unit 1 Tenant and other is rented out by a 3rd party non resident. Separate Electric for 5 units plus a House Meter. Heat is paid by owner with One Gas IBC High Efficiency Direct Vent Boiler with 6 Zones. Hot Water is paid by the owner along with the Water and Sewer. Washer and Dryer is provided in Basement. Building is Fire Alarmed. The Building is currently Fully Occupied. Parking available for 14 Plus Vehicles. This 6-Unit along with Vacant Lot are being sold together....The adjacent 4-Unit on 1/4 Acre Lot is also available to purchase MLS #1389030. Many possibilities !

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Commercial Active

Price

$ 1,099,000

Property Type

Commercial

Taxes

$ 8,489

Style

Lot Size

1.13

Year Built

1950

Town/City

Cumberland

County/Region

Providence

MLS | Web ID

1397637

Features
General
Sewer Connected Public Sewer Sanitary
Heating Baseboard Common Gas Hot Water Zoned
Cooling Window Unit(s)
Utilities Cable Available Electricity Available Natural Gas Available Natural Gas Connected Municipal Utilities Water Connected Sewer Connected
Possession Negotiable
Zoning C-1
Security Features Fire Alarm
Construction Materials Frame
Year Built 1950
Electric 200+ Amp Service
Tenant Pays Electricity
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2025
Gross Income 64800
Business Type Accounting Barber/Beauty Commercial Mixed Professional/Office Professional Service Real Estate Residential Retail
Community Features Golf Highway Access Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s) High Traffic Location Street Lights Sidewalks
County Providence
Operating Expense 20463
Insurance Expense 4096
New Construction false
Property Type Commercial Sale
Subdivision Name Chapel Four Courners
Possible Use Commercial Multi-Family Mixed Use Office Residential Retail
Garage Y/N true
Status Active
City Cumberland
Number Of Units Total 6
Lot Size Units Square Feet
Lot Size Square Feet 49038
Number of Units Leased 6
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 8489
Electric Expense 1387
Fuel Expense 2358
Water Sewer Expense 1797
Lease Renewal Y/N true
Leasable Area 3903
Lease Considered Y/N true
Structure Type Apartment Multi Family
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 691900
Tax Lot 0328 0040
Cap Rate 4
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Interior
Basement Partial
Furnished Y/N Unfurnished
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area Laundry Room
Total Baths 0
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Exterior
Water Source Connected Water Tap Fee Public
Total Parking 14
Lot Size Area 49038
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 0
Lot Size Acres 1.13
Road Surface Type Asphalt Paved
Frontage Length 414
Road Frontage Type State Road
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* Excluded Features
List By
Re/Max Town & Country

Broker

kathyfarrell3@gmail.com

Email

Affordability Calculator

$7,474
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,767
Monthly Property Taxes
$707
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
10/16/2025$1,099,000 Listed Price

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2220 Diamond Hill Road, Cumberland, RI, 02864 is a Commercial Property for sale at $1,099,000 with a lot size of 1.13. 2220 Diamond Hill Road was built in 1950. The property's zip code is 02864 which is in Cumberland, RI