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Coventry Multifamily Investment Opportunity
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513 Washington Street, Coventry, RI 02816

Well-maintained 5-unit residential property in Coventry, Rhode Island.

Property SizeContact for details
Days on Market145

Property Features for 513 Washington Street

General Information

Standard status Active
Total Parking Spaces 12
Property subtype Special Purpose

Building Details

Year Built 1800
Buildings 1
Listing Agency: Century 21 The Seyboth Team
Listed By: Kyle Seyboth · License #RI, MA
Source: Crexi
Added: Mar 21 Changed: Aug 8 Last Checked: Aug 8 at 2:50PM

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 The Seyboth Team

Investment Insights

Based on property information with market context.

This is a 5-unit residential property located in Coventry, Rhode Island. Each of the five units features 2 bedrooms. The property is situated near the Washington Street corridor, providing access to local shopping, dining, and everyday amenities. Residents benefit from off-street parking. The location offers convenient access to Route 117 and Interstate 95, facilitating commutes to Warwick, Cranston, and Providence. The property is also located close to the Centre of New England, Tiogue Lake, and the Washington Secondary Bike Path, providing recreational opportunities.

Key Highlights

  • Well‑maintained 5‑unit residential property offering a strong investment opportunity.
  • All units feature a desirable 2‑bedroom layout, appealing to a wide range of tenants.
  • Convenient location near the Washington Street corridor with easy access to shopping, dining, and amenities.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained 5-unit residential property in Coventry, Rhode Island.
Where is this apartment building located?
The property is located at 513 Washington Street 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: Well‑maintained 5‑unit residential property offering a strong investment opportunity.; All units feature a desirable 2‑bedroom layout, appealing to a wide range of tenants.; Convenient location near the Washington Street corridor with easy access to shopping, dining, and amenities.
(508) 726-3492 Call to check price and availability
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