Two-Unit Duplex with
New
For Sale
$499,900
15 Taft Street, Coventry, RI 02816
Residential Income, Coventry, RI
Property Size2,445 SF
Lot Size0.32 Acres
Price / SF$204.46
Days on Market2
Property Features for 15 Taft Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking
6
Parking features
Carport
Basement
Full, Unfinished
Standard status
Active
Size
2,445 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4940
Utilities
Heating system
Baseboard, Oil
Amenities
stainless steel appliances
carport
paved driveway
unfinished basement
washer and dryer hookups
Building Details
Year built
1880
Number of units
2
Flooring type
Laminate, Hardwood
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Oct 12
Last Checked: Oct 13 at 12:06PM
MLS# 1425743
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.
This two-unit duplex in Coventry contains 2,445 square feet on a 0.32-acre lot. Each residence has a kitchen with stainless steel appliances and cabinet storage. The building also includes an unfinished basement with washer and dryer hookups, a carport, and a paved driveway with additional off-street parking. Vinyl siding, hardwood and laminate flooring, and oil-fired baseboard heat are among the property’s physical features. Built in 1880, the property is at 15 Taft Street, Coventry, RI 02816.
Nearby amenities include shopping, restaurants, schools, and parks. Major roadways connect the area with Warwick, West Warwick, Cranston, and surrounding communities.
Nearby amenities include shopping, restaurants, schools, and parks. Major roadways connect the area with Warwick, West Warwick, Cranston, and surrounding communities.
Key Highlights
- Two residential units in a 2,445‑square‑foot building
- 0.32‑acre lot in Coventry
- Both kitchens include stainless steel appliances and cabinet storage
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 have stainless steel kitchen appliances, with a basement offering storage and laundry hookups.
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 residential units in a 2,445‑square‑foot building; 0.32‑acre lot in Coventry; Both kitchens include stainless steel appliances and cabinet storage
