58 Read Ave Coventry, RI 02816
West Warwick Centre NeighborhoodEstimated payment $3,372/month
Highlights
- Living Room
- Fenced
- Heating System Uses Oil
- Shops
- Level Lot
About This Home
Fantastic Investment Opportunity in Coventry! This fully rented 3-family multi-unit offers steady income from day one and is perfect for both new and seasoned investors. The property has been well cared for, featuring a brand-new roof, new gutters, and ample off-street parking for all tenants. Each unit is occupied with reliable renters, providing instant cash flow and long-term potential. Conveniently located near local amenities and commuter routes, this property is a low-maintenance, high-return addition to any portfolio. Whether you’re expanding your investments or starting fresh, this Coventry multi is the one you’ve been waiting for!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,028
Year Built
- Built in 1930
Lot Details
- 4,791 Sq Ft Lot
- Fenced
- Level Lot
Home Design
- Triplex
- Manufactured Home on a slab
- Shingle Roof
- Rubber Roof
Interior Spaces
- 1,730 Sq Ft Home
- Property has 1 Level
- Living Room
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Parking
- 10 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- Heating System Uses Oil
- Private Sewer
Community Details
- 3 Units
- Shops
- Net Operating Income $48,000
Listing and Financial Details
- Rent includes unit 1(heat water), unit 2(heat water), unit 3(heat water)
- Assessor Parcel Number 112184
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 |
|---|---|---|---|---|
| 2024 | $4,028 | $254,300 | $75,900 | $178,400 |
| 2023 | $3,898 | $254,300 | $75,900 | $178,400 |
| 2022 | $4,135 | $211,300 | $72,600 | $138,700 |
| 2021 | $4,099 | $211,300 | $72,600 | $138,700 |
| 2020 | $4,699 | $211,300 | $72,600 | $138,700 |
| 2019 | $3,223 | $144,900 | $35,600 | $109,300 |
| 2018 | $3,131 | $144,900 | $35,600 | $109,300 |
| 2017 | $3,040 | $144,900 | $35,600 | $109,300 |
| 2016 | $3,578 | $167,100 | $33,700 | $133,400 |
| 2015 | $3,481 | $167,100 | $33,700 | $133,400 |
| 2014 | $3,408 | $167,100 | $33,700 | $133,400 |
| 2013 | $3,088 | $165,500 | $40,800 | $124,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $575,000 | -- | $332 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $200,000 | -- | |
| Deed | $200,000 | -- | |
| Warranty Deed | $68,000 | -- | |
| Warranty Deed | $68,000 | -- | |
| Warranty Deed | $51,000 | -- | |
| Warranty Deed | $51,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $293,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $293,000 | New Conventional | |
| Previous Owner | $109,000 | No Value Available | |
| Previous Owner | $144,900 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73455073
APN: COVE-000064-000000-000077
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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