For sale

$575,000

58 Read Ave, Coventry, RI 02816

5beds

1,730sqft

Est.:

Multi Family

Built in 1930

-- sqft lot

$567,000 Zestimate^®

$332/sqft

$-- HOA

What's special

Ample off-street parkingNew guttersBrand-new roof

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!

145 days

612

15

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Bathroom

Features: Bath w Tub

Heating

Oil, Baseboard

Cooling

None

Appliances

Included: Dryer, Washer
Laundry: In Unit

Features

Wall (Dry Wall), Plumbing (Copper)
Flooring: Vinyl
Basement: None
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,328
Total interior livable area: 1,730 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 10
Parking features: No Garage

Features

Stories: 2
Fencing: Fenced

Lot

Size: 4,791.6 Square Feet

Details

Parcel number: COVEM64L77
Zoning: R-20

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Dry Wall, Vinyl Siding
Foundation: Slab

Condition

New construction: No
Year built: 1930

Utilities & green energy

Electric: Common Meter, Individual Meter
Sewer: Septic Tank
Water: Public

Community & HOA

Community

Features: Highway Access, Near Shopping

HOA

Has HOA: No

Location

Region: Coventry

Financial & listing details

Price per square foot: $332/sqft
Tax assessed value: $254,300
Annual tax amount: $4,028
Date on market: 11/15/2025
Inclusions: All measurements are approximate. Buyer/agent to do their own due diligence.
Total actual rent: 4000

Estimated market value

$567,000

$539,000 - $595,000

$1,996/mo

Price history

Date	Event	Price
11/14/2025	Price change	$575,000-11.5%$332/sqft
Source: MLS PIN #73455073 Report a problem
8/28/2025	Listed for sale	$650,000+225%$376/sqft
Source: Owner Report a problem
1/7/2004	Sold	$200,000+194.1%$116/sqft
Source: Public Record Report a problem
7/10/1997	Sold	$68,000+33.3%$39/sqft
Source: Public Record Report a problem
6/2/1997	Sold	$51,000$29/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,028	$254,300
2024	$4,028 +3.3%	$254,300
2023	$3,898 -5.7%	$254,300 +20.4%
2022	$4,135 +0.9%	$211,300
2021	$4,099 -12.8%	$211,300
2020	$4,699 +45.8%	$211,300 +45.8%
2019	$3,223 +2.9%	$144,900
2018	$3,131 +3%	$144,900
2017	$3,040 -15%	$144,900 -13.3%
2016	$3,578 +2.8%	$167,100
2015	$3,481 +2.1%	$167,100
2014	$3,408 +10.4%	$167,100 +1%
2013	$3,088 +3.3%	$165,500
2012	$2,989 -3.4%	$165,500 -17.3%
2010	$3,095	$200,200
2009	$3,095 +3.8%	$200,200 +3.8%
2008	$2,982 -9.9%	$192,900 -8.6%
2007	$3,310 +5%	$210,960
2006	$3,152 +5.7%	$210,960 +81.3%
2003	$2,983	$116,390