Two-Unit Duplex with
New
For Sale
$465,000
656 Bernon Street, Woonsocket, RI 02895
The primary residence offers four bedrooms, updated kitchen finishes, and a private backyard alongside a separate rental unit.
Property Size2,202 SF
Price / SF$211.17
Days on Market4
Property Features for 656 Bernon Street
General Information
Standard status
Active
Size
2,202 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private backyard
Building Details
Year Built
1908
Listing Agency:
Godin Realty Group, LLC
Listed By:
Jules Godin · License #29686
Source:
Onshorerealtors
Added: Nov 3
Last Checked: Nov 6 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Godin Realty Group, LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,202 square feet and dates to 1908. The main residence has four bedrooms and one and a half bathrooms, with a spacious kitchen featuring new cabinets, counters, and a stove. Kitchens have been updated, and the property also has new flooring and paint. A two-car garage and additional off-street parking serve the property, with a private backyard as well.
Key Highlights
- Legal two‑unit property with a four‑bedroom main residence
- Main unit includes one and a half bathrooms
- Updated kitchens, new flooring, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,664
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,280
$733.3K
Cap Rate 7%
$523,771
$523.8K
Cap Rate 9%
$407,378
$407.4K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$56.0K $25.44/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$52.4K $23.79/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.7K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,280
Cap Rate 7%
$523,771
Cap Rate 9%
$407,378
Alternative Uses
Best Use
Multifamily LT 5
$523.8K
$458.3K – $611.1K
NOI $36,664 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$415.7K
$363.7K – $485.0K
NOI $29,098 @ 7.0% cap · market cap 6.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
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Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Woonsocket, RI
Properties on Market for Duplexes in Woonsocket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The primary residence offers four bedrooms, updated kitchen finishes, and a private backyard alongside a separate rental unit.
Where is this duplex located?
The property is located at 656 Bernon Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Legal two‑unit property with a four‑bedroom main residence; Main unit includes one and a half bathrooms; Updated kitchens, new flooring, and fresh paint
