Triplex with High
For Sale
$525,000
735 Bernon Street, Woonsocket, RI 02895
Three apartments include two two-bedroom homes and one one-bedroom home.
Property Size3,166 SF
Price / SF$165.82
Days on Market8
Property Features for 735 Bernon Street
General Information
Standard status
Active
Size
3,166 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1904
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 4:51AM
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 Century 21 Limitless
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Investment Insights
Based on property information with market context.
At 735 Bernon St in Woonsocket, this triplex contains 3,166 square feet across three apartments. The unit mix consists of two two-bedroom apartments and one one-bedroom apartment. High ceilings and numerous windows are present throughout the property.
Off-street parking is available at the property.
Off-street parking is available at the property.
Key Highlights
- 3,166‑square‑foot triplex with two 2‑bedroom units and one 1‑bedroom unit
- High ceilings and numerous windows throughout
- Off‑street parking
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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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include two two-bedroom homes and one one-bedroom home.
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: 3,166‑square‑foot triplex with two 2‑bedroom units and one 1‑bedroom unit; High ceilings and numerous windows throughout; Off‑street parking
