510 Bernon Street, Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
- Added:
- Jun 12, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 15 at 3:06 am
Property Features for 510 Bernon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 9, Basement, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6
- Parking
- 8
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,730 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5250
Utilities
- Heating system
- Zoned, Steam, Space Heater, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Dry Wall, Paneled, Plaster, Vinyl Siding
Listing agent Renee Fallon (401) 884-6050
Listing office Re/Max Professionals 655 Main Street, East Greenwich, RI (401) 884-6050
Listing date Jun 12, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Large three‑family home in the Bernon District with 3 bedrooms in each unit
- Walk‑out basement includes parking for 8 vehicles
- Newer vinyl siding, roof, and windows
- Two units currently occupied: one month‑to‑month and one with a year lease through Nov
- Third‑floor unit is vacant
- Year built 1926; public water, garage parking, and zoned steam/natural gas heating with window AC units
Overview
The home is located at 510 Bernon Street in Woonsocket, in the Bernon District. Zoning is listed as R4. According to the seller’s remarks, two units are currently occupied and one unit on the third floor is vacant.
Leasing status is split: one occupied unit is described as month-to-month, and the other occupied unit has a one-year lease through November (year not specified). With a vacant third-floor unit, the property may support owner-occupant scenarios or allow an operator to align occupancy and rent strategy with tenant turnover timing. The property’s configuration, parking capacity, and recent exterior updates may be important for tenants seeking convenient on-site parking and for buyers evaluating a well-cared-for multifamily asset.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.5k | $25.44 |
| − Vacancy | −$4.5k | −$1.65 |
| EGI | $64.9k | $23.79 |
| − OpEx | −$19.5k | −$7.14 |
| NOI | $45.5k | $16.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.507596
- Latitude
- 41.998681
