Two-Unit Duplex with
New
For Sale
$499,900
15 Taft Street, Coventry, RI 02816
Both residences include stainless steel appliances, while a paved driveway provides additional off-street parking.
Property Size2,445 SF
Price / SF$204.46
Days on Market4
Property Features for 15 Taft Street
General Information
Standard status
Active
Size
2,445 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 8:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Limitless
Investment Insights
Based on property information with market context.
This Coventry duplex contains two residences, each with a generously sized kitchen, ample cabinetry, and stainless steel appliances. An unfinished basement adds storage space and includes washer and dryer hookups. A carport and paved driveway provide on-site parking. The property was built in 1880.
The home is in Coventry, with local shopping, restaurants, schools, parks, and everyday amenities nearby. Major roadways connect the area with Warwick, West Warwick, Cranston, and surrounding communities.
The home is in Coventry, with local shopping, restaurants, schools, parks, and everyday amenities nearby. Major roadways connect the area with Warwick, West Warwick, Cranston, and surrounding communities.
Key Highlights
- Two‑unit residential property in Coventry
- Kitchens in both units have stainless steel appliances and ample cabinet space
- Carport plus paved driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,526
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,520
$710.5K
Cap Rate 7%
$507,514
$507.5K
Cap Rate 9%
$394,733
$394.7K
Market Conditions
NOI Build-Up for 2,445 SF
Gross rent
$54.3K $22.20/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$50.8K $20.76/SF
− OpEx
−$15.2K −$6.23/SF
NOI
$35.5K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,520
Cap Rate 7%
$507,514
Cap Rate 9%
$394,733
Alternative Uses
Best Use
Multifamily LT 5
$507.5K
$444.1K – $592.1K
NOI $35,526 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$466.2K
$408.0K – $543.9K
NOI $32,636 @ 7.0% cap · market cap 6.53%
Theoretical Best
Specialty Retail
$612.4K
$535.8K – $714.4K
NOI $42,866 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 02816, RI
33,206
Population
14,505
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
93%
High-School Grad
36.9 sq mi
ZIP Area
900
Density / Sq Mi
$97,941
Median Household Income
$51,773
Median Earnings
$1,168
Median Rent
$317,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include stainless steel appliances, while a paved driveway provides additional off-street parking.
Where is this duplex located?
The property is located at 15 Taft Street Coventry, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit residential property in Coventry; Kitchens in both units have stainless steel appliances and ample cabinet space; Carport plus paved driveway parking
