Coventry Multifamily Investment
For Sale
$800,000
505 Washington Street Coventry, Coventry, RI 02816
Well-maintained 6-unit residential property in a convenient location.
Property SizeContact for details
Days on Market106
Property Features for 505 Washington Street Coventry
General Information
Standard status
Active
Total Parking Spaces
10
Taxes and HOA fees
Annual Taxes
$6,869
Building Details
Year Built
1850
Buildings
1
Listing Agency:
(508) 501-1443
Listed By:
Leanne McCormick
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 15
Changed: Aug 28
Last Checked: Aug 28 at 8:03AM
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 Leanne McCormick
Investment Insights
Based on property information with market context.
Located in Coventry, Rhode Island, this property features a well-maintained 6-unit residential building. The unit mix includes two 1-bedroom units and four 2-bedroom units. The layouts are functional and appealing, offering flexibility to accommodate a variety of tenants. Off-street parking is available for residents. The property is situated with easy access to shopping, dining, and everyday amenities along the Washington Street corridor. Quick access to Route 117 and Interstate 95 allows for an easy commute to Warwick, Cranston, and Providence. The location is close to the Centre of New England, Tiogue Lake, and the Washington Secondary Bike Path.
Key Highlights
- Strong income potential from a well‑maintained 6‑unit residential property.
- Desirable unit mix of two 1‑bedroom and four 2‑bedroom units.
- Convenient location with easy access to shopping, dining, and everyday amenities along Washington Street.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 6-unit residential property in a convenient location.
Where is this apartment building located?
The property is located at 505 Washington Street Coventry Coventry, RI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Strong income potential from a well‑maintained 6‑unit residential property.; Desirable unit mix of two 1‑bedroom and four 2‑bedroom units.; Convenient location with easy access to shopping, dining, and everyday amenities along Washington Street.
