513 Washington Street Coventry, RI 02816
MULTI_FAMILY - Coventry, RI
- Added:
- Mar 20, 2026
- Days on Market:
- 114
- Last Refresh:
- Jul 11 at 6:06 pm
Property Features for 513 Washington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 8, Basement, Bathroom 4, Bedroom 9, Bathroom 1, Bedroom 3
- Parking
- 12
- Parking features
- Garage
- Basement
- Full, Unfinished
- Appliances
- Electric Water Heater
- Standard status
- Active
- Size
- 4,488 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5577
Utilities
- Heating system
- Baseboard, Natural Gas, Electric (Heating)
Building Details
- Year built
- 1800
- Number of units
- 4
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Mar 20, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Strong rental potential due to well‑maintained condition and desirable 2‑bedroom unit layout.
- Convenient location near the Washington Street corridor, offering easy access to shopping, dining, and amenities.
- Excellent highway access to Route 117 and I‑95 for easy commuting to Warwick, Cranston, and Providence.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.9k | $26.04 |
| − Vacancy | −$7.9k | −$1.77 |
| EGI | $108.9k | $24.27 |
| − OpEx | −$49.0k | −$10.92 |
| NOI | $59.9k | $13.35 |
