505 Washington St Coventry, RI 02816
West Warwick Centre NeighborhoodEstimated payment $5,344/month
About This Home
Excellent investment opportunity in Coventry, Rhode Island featuring a well-maintained 6-unit residential property with a
desirable unit mix of two 1-bedroom units and four 2-bedroom units. The layouts are functional and appealing, offering flexibility
to accommodate a variety of tenants. This property presents strong income potential in a sought-after and convenient location.
Off-street parking adds valuable convenience for residents. Ideally situated with easy access to shopping, dining, and everyday
amenities along the Washington Street corridor. Quick access to Route 117 and Interstate 95 allows for an easy commute to
Warwick, Cranston, and Providence. Close to Centre of New England, Tiogue Lake, and the Washington Secondary Bike Path for
added lifestyle appeal.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,869
Year Built
- Built in 1850
Lot Details
- 7,841 Sq Ft Lot
Home Design
- Vinyl Siding
Interior Spaces
- 5,222 Sq Ft Home
- Laminate Flooring
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 10 Parking Spaces
- No Garage
Utilities
- No Cooling
- Baseboard Heating
- Gas Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 125
- Assessor Parcel Number 505WASHINGTONSTCVEN
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,869 | $426,900 | $63,400 | $363,500 |
| 2024 | $6,762 | $426,900 | $63,400 | $363,500 |
| 2023 | $6,544 | $426,900 | $63,400 | $363,500 |
| 2022 | $7,163 | $366,000 | $62,000 | $304,000 |
| 2021 | $7,100 | $366,000 | $62,000 | $304,000 |
| 2020 | $8,140 | $366,000 | $62,000 | $304,000 |
| 2019 | $6,289 | $282,800 | $47,200 | $235,600 |
| 2018 | $6,109 | $282,700 | $47,200 | $235,500 |
| 2017 | $5,931 | $282,700 | $47,200 | $235,500 |
| 2016 | -- | $190,900 | $41,300 | $149,600 |
| 2015 | -- | $190,900 | $41,300 | $149,600 |
| 2014 | -- | $190,900 | $41,300 | $149,600 |
| 2013 | $4,016 | $215,200 | $40,800 | $174,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2026 03/20/26 | For Sale | $900,000 | -- | $172 / Sq Ft |
Source: State-Wide MLS
MLS Number: 1407049
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