Duplex with Lift-Equipped
For Sale
$634,900
195 Town Farm Road, Coventry, RI 02816
Each residence has wood flooring, laundry, oil heat, and separate utility service with its own meter.
Property Size3,033 SF
Lot Size2.00 Acres
Price / SF$209.33
Days on Market67
Property Features for 195 Town Farm Road
General Information
Standard status
Active
Size
3,033 SF
Total Parking Spaces
9
Lot size
2.00 Acres
Property subtype
Multi Family Home
Zoning
R2A
Units
Unit Mix
1 x 3BR/1BA (1700+ SF), 1 x 3BR/1.5BA (1300+ SF)
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,224
Amenities
laundry areas
professional lift
Attic
Interior Steps
Permanent Attic Stairs
Skylights
Stall Shower
Deck
Paved Driveway
Building Details
Building Size
3,033 SF
Year Built
1790
Buildings
1
Stories
2
Units
2
Abandoned
No
Listing Agency:
Doorley Real Estate Inc
(401) 398-7070
Listed By:
Elizabeth VARS
(401) 578-4538
Source:
Caldwellrealtyri
Added: Sep 1
Changed: Nov 6
Last Checked: Nov 6 at 1:42AM
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 Doorley Real Estate Inc
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Investment Insights
Based on property information with market context.
This 3,033-square-foot duplex sits on 2 acres and includes an oversized three-car garage with a professional vehicle lift. Both residences feature wood floors, laundry areas, individual utility service and meters, and oil heat. The first-floor unit offers more than 1,700 square feet, with three bedrooms, a full bath, an eat-in kitchen, a living room, and substantial storage. Upstairs, the roughly 1,300-square-foot unit has three bedrooms, a full bath and a half bath, a kitchen, formal dining room, living room, laundry, and attic storage.
The property also has ample parking and an R2A zoning designation. Its five-bedroom ISDS was built in 1985 and passed inspection on 10/16/26. An ADU may be possible if the property is owner-occupied and Town of Coventry guidelines are met.
The property also has ample parking and an R2A zoning designation. Its five-bedroom ISDS was built in 1985 and passed inspection on 10/16/26. An ADU may be possible if the property is owner-occupied and Town of Coventry guidelines are met.
Key Highlights
- 3,033‑square‑foot duplex on 2 acres
- Oversized three‑car garage fitted with a professional lift
- Two units, each with three bedrooms and separate utility meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,069
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,380
$881.4K
Cap Rate 7%
$629,557
$629.6K
Cap Rate 9%
$489,656
$489.7K
Market Conditions
NOI Build-Up for 3,033 SF
Gross rent
$67.3K $22.20/SF
− Vacancy
−$4.4K −$1.44/SF
EGI
$63.0K $20.76/SF
− OpEx
−$18.9K −$6.23/SF
NOI
$44.1K $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%
$881,380
Cap Rate 7%
$629,557
Cap Rate 9%
$489,656
Alternative Uses
Best Use
Multifamily LT 5
$629.6K
$550.9K – $734.5K
NOI $44,069 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$578.4K
$506.1K – $674.8K
NOI $40,485 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$759.6K
$664.7K – $886.3K
NOI $53,175 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has wood flooring, laundry, oil heat, and separate utility service with its own meter.
Where is this duplex located?
The property is located at 195 Town Farm Road Coventry, RI.
What is the asking price?
The asking price for this property is $634,900.
What are key features of this property?
This property features: 3,033‑square‑foot duplex on 2 acres; Oversized three‑car garage fitted with a professional lift; Two units, each with three bedrooms and separate utility meters
