Courtesy: eXp Realty LLC
401-288-3600
Welcome to this fantastic three-family property in a convenient Coventry location, offering an excellent opportunity for investors and owner-occupants alike. With three separate units, a desirable layout, and several important recent updates, this property provides the perfect combination of rental income potential, flexibility, and long-term value. The property features two 1-bedroom units and one 2-bedroom unit, offering a variety of rental options and making this an ideal opportunity for an owner-occupant looking to live in one unit while renting out the other two. Whether you're looking to offset your mortgage, build your investment portfolio, or generate rental income, this property offers plenty of possibilities. Major updates include a new roof and septic system, both completed in 2023, providing valuable peace of mind for the next owner. The property also offers plenty of off-street parking, making parking convenient for residents and guests, along with a nice backyard that provides valuable outdoor space for relaxing, entertaining, or enjoying the warmer months. Conveniently located with easy access to local shopping, restaurants, schools, parks, and major roadways, this property offers the accessibility tenants and homeowners are looking for while still being situated in a comfortable residential setting.With three units, four total bedrooms, a 2023 roof, a 2023 septic system, ample parking, and a nice backyard, this is an excellent opportunity. Schedule a tour!
Courtesy: Doorley Real Estate Inc
401-398-7070
Price adjusted! Rare investment opportunity on 2 sprawling acres! This well-maintained multi-family property features an incredible, oversized 3-car garage equipped with a professional lift perfect for a mechanic, car enthusiast, or additional rental income (garage spaces have previously been rented for $150/month). The expansive grounds offer an abundance of parking spaces, easily accommodating tenants, guests, and oversized vehicles. There is a potential for an Accessory Dwelling Unit (ADU), if the property is owner-occupied and meets the guidelines of the Town of Coventry. Ideally suited for an owner-occupant or savvy investor, this property combines spacious outdoor living with unique functional utility. Each unit has wood floors, laundry areas, separate utilities and meters with oil heat (See list for all of the improvements made in the last 10+ years; home has a 5 bed ISDS). First floor unit has 1700'+ of living with tons of storage space, 3 bedrooms, full bath and an eat-in-kitchen with a spacious living room. Second floor unit has 1300'+ of living with 3 bedrooms, full bath and half bath with laundry, kitchen and formal dining room, ample-sized living room plus attic storage space if needed. (**Pictures of 2nd floor dining room show tenant owned chandelier that is no longer there and has been replaced). Great property waiting for its new owner!
Courtesy: RE/MAX Professionals
401-884-6050
Welcome to 10 Stone Street, a well-maintained two-unit property located in Coventry offering an excellent opportunity for both investors and owner-occupants. The property features two oversized one-bedroom units, each with spacious and comfortable living areas. The first-floor unit offers approximately 800 square feet, while the impressive second-floor unit provides approximately 1,120 square feet of living space. Both units offer generous layouts rarely found in traditional one-bedroom apartments. With tenants responsible for their own utilities, this property provides an attractive setup for investors looking to minimize operating expenses. For an owner-occupant, live comfortably in one unit while generating rental income from the other to help offset monthly expenses. Whether you're looking to expand your investment portfolio or take advantage of owner-occupied multifamily living, 10 Stone Street offers flexibility, space, and income potential in a convenient Coventry location.
Courtesy: RE/MAX Real Estate Center
401-823-7600
Investors take notice! Separate utilities with septic system. The sewer line runs in front of the home and the assessment is paid in full. Rents are significantly below market. Waterfront on the Pawtuxet River with plenty of parking in front and rear of building. Property is on lead registry and compliant. Property is located in the Village Commercial District Zone. Seller financing may be available for qualified candidates.
Courtesy: Century 21 Limitless
508-567-3468
Excellent investment opportunity in Coventry, Rhode Island featuring a well-maintained 4-unit residential property. Providing a consistent and desirable layout that appeals to a wide range of tenants. The property is well cared for and offers strong rental potential in a convenient and accessible location. Off-street parking adds valuable convenience for residents. Ideally situated near the Washington Street corridor with easy access to local shopping, dining, and everyday amenities. Quick access to Route 117 and Interstate 95 allows for an easy commute to Warwick, Cranston, and Providence. Just minutes from Centre of New England, and close to Tiogue Lake and the Washington Secondary Bike Path.
Courtesy: Century 21 Limitless
508-567-3468
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.
Courtesy: Keller Williams Coastal
401-845-9200
Prime Riverfront Restaurant/Bar with Two Apartments. Discover this fully renovated waterfront restaurant, bar, and apartment property ideally located across from Dave's Marketplace Plaza in Coventry. Nestled along the scenic riverfront, this versatile property combines a thriving commercial opportunity with steady residential income. Restaurant seats up to 85 guests, perfect for everything from cozy dinners to lively gatherings. Brand new kitchen tile floors and FRP walls, Indoor and outdoor bars, plus a spacious deck overlooking the river for an unforgettable dining experience. High-traffic location, directly across from Dave's Marketplace and Dunkin', ensuring strong visibility and customer flow. Residential Units are modern, updated apartments providing additional revenue or convenient on-site living. Second Floor: Two-bedroom unit with a walk-in closet. Third Floor: One-bedroom unit featuring an in-unit washer and dryer. Both apartments are currently leased and income-producing. Whether you're an investor seeking a high-return property or a restaurateur looking to establish your business in a sought-after location, this Coventry waterfront gem offers unmatched potential in a vibrant, high-visibility area. Potential for adaptive reuse on the first floor commerical space. Don't miss the chance to own this unique investment opportunity.
Coventry is located in Rhode Island. Coventry, Rhode Island has a population of 35,386. Coventry is more family-centric than the surrounding county with 30.73% of the households containing married families with children. The county average for households married with children is 29.38%.
The median household income in Coventry, Rhode Island is $88,779. The median household income for the surrounding county is $79,880 compared to the national median of $69,021. The median age of people living in Coventry is 44.6 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 19.4 degrees. The average rainfall is approximately 50.3 inches per year, with 34.6 inches of snow per year.
