Triplex with High
New
For Sale
$525,000
735 Bernon Street, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size3,166 SF
Lot Size0.11 Acres
Price / SF$165.82
Days on Market2
Property Features for 735 Bernon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4
Parking
6
Parking features
None
Basement
Partial, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
3,166 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3519
Utilities
Heating system
Forced Air, Oil, Natural Gas
Amenities
off-street parking
Building Details
Year built
1904
Number of units
3
Flooring type
Hardwood, Laminate
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth
(508) 726-3492
Added: Oct 26
Last Checked: Oct 27 at 3:06AM
MLS# 1427026
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.
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Investment Insights
Based on property information with market context.
This 3,166-square-foot triplex contains three apartments: two with two bedrooms and one with a single bedroom. High ceilings and numerous windows bring natural light into the interiors. Hardwood and laminate flooring are among the documented finishes, and the exterior is clad in vinyl siding. The property was built in 1904 and occupies a 0.11-acre parcel at 735 Bernon Street in Woonsocket.
Shopping, dining, schools, parks, public transportation, and major roadways are identified as nearby area amenities. The listing also describes off-street parking, but the property data conflicts on parking, so no parking detail is included here.
Shopping, dining, schools, parks, public transportation, and major roadways are identified as nearby area amenities. The listing also describes off-street parking, but the property data conflicts on parking, so no parking detail is included here.
Key Highlights
- Three apartments: two 2‑bedroom units and one 1‑bedroom unit
- 3,166 square feet on a 0.11‑acre lot
- Built in 1904
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,837
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,740
$836.7K
Cap Rate 7%
$597,671
$597.7K
Cap Rate 9%
$464,856
$464.9K
Market Conditions
NOI Build-Up for 3,166 SF
Gross rent
$80.9K $25.56/SF
− Vacancy
−$4.9K −$1.53/SF
EGI
$76.1K $24.03/SF
− OpEx
−$34.2K −$10.81/SF
NOI
$41.8K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,740
Cap Rate 7%
$597,671
Cap Rate 9%
$464,856
Alternative Uses
Best Use
Multifamily LT 5
$753.1K
$658.9K – $878.6K
NOI $52,715 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$597.7K
$523.0K – $697.3K
NOI $41,837 @ 7.0% cap · market cap 7.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer a mix of one- and two-bedroom layouts in a Woonsocket residential property.
Where is this triplex located?
The property is located at 735 Bernon Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom units and one 1‑bedroom unit; 3,166 square feet on a 0.11‑acre lot; Built in 1904
