58 Read Ave Coventry, RI 02816
West Warwick Centre NeighborhoodEstimated payment $3,366/month
Highlights
- Bathtub with Shower
- Baseboard Heating
- Vinyl Flooring
- Shops
- Fenced
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
Home Design
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 3,328 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 10 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Septic Tank
Community Details
- 3 Units
- Shops
Listing and Financial Details
- Assessor Parcel Number 58READAVCVEN
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: State-Wide MLS
MLS Number: 1400198
APN: COVE-000064-000000-000077
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