Duplex with Oversized
For Sale
$634,900
195 Town Farm Road, Coventry, RI 02816
Residential Income, Coventry, RI
Property Size3,033 SF
Lot Size2.00 Acres
Price / SF$209.33
Days on Market47
Property Features for 195 Town Farm Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2A
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 2, Basement, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3
Parking
9
Parking features
Open
Window features
Insulated Windows, Skylight(s)
Patio and Porch features
Deck
Interior features
Wall (Plaster), Wall (Wood), Attic, Attic Stairs, Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Deck
Basement
Partial, Unfinished
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Electric Water Heater
Subdivision
Western/Central
Lot features
Out Building, Paved Driveway
Standard status
Active
Size
3,033 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7224
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Oil
Water source
Well
Building Details
Year built
1790
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Pine
Building materials
Plaster, Wood Wall(s), Vinyl Siding
Listing Agency:
Doorley Real Estate Inc
(401) 398-7070
Listed By:
Elizabeth VARS
(401) 578-4538
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 17 at 7:06AM
MLS# 1422064
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.
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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 a detached oversized three-car garage fitted with a lift. The two residences have separate utility meters and laundry areas. Wood flooring is noted in each unit, and the property also includes a deck and attic storage. Heating is by oil, with baseboard distribution.
The first-floor residence has three bedrooms, a full bath, an eat-in kitchen, a living room, and substantial storage. Upstairs, the three-bedroom unit has a full bath, a half bath with laundry, a kitchen, a formal dining room, a living room, and attic storage. The property is served by a well and septic system and is zoned R2A.
The first-floor residence has three bedrooms, a full bath, an eat-in kitchen, a living room, and substantial storage. Upstairs, the three-bedroom unit has a full bath, a half bath with laundry, a kitchen, a formal dining room, a living room, and attic storage. The property is served by a well and septic system and is zoned R2A.
Key Highlights
- Two‑unit duplex on 2 acres
- 3,033 square feet of building area
- Oversized three‑car garage equipped with a lift
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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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
37
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utilities and meters, along with laundry areas.
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: Two‑unit duplex on 2 acres; 3,033 square feet of building area; Oversized three‑car garage equipped with a lift
