Two-Family Home with
661 Washington Street, Coventry, RI 02816
New
MULTI_FAMILY - Coventry, RI
Property size:
1,730 SFLot size:
0.83 AcresPrice / SF:
$231/SF- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 5:06 am
Property Features for 661 Washington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 2
- Parking
- 10
- Parking features
- Garage
- Patio and Porch features
- Porch, Deck
- Interior features
- Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Deck, Porch
- Fireplace
- 1
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater, Tankless Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Whirlpool
- Standard status
- Active
- Size
- 1,730 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4509
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Zoned
- Water source
- Public
Building Details
- Year built
- 1778
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Carpet, Tile - Ceramic, Laminate, Vinyl
- Building materials
- Vinyl Siding
Listing agent Adam Johnson (401) 465-0417
Listing office Ri Real Estate Services 631 Main Street, East Greenwich, RI (401) 885-5400
Listing date Jun 12, 2026
MLS# 1415160
Listing URL
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.
HighLights
- Two‑family home built in 1778, offering 5 bedrooms and multiple bathrooms plus a basement
- Nearly‑acre lot with multiple outbuildings for workshops, equipment, hobbies, or future uses
- Gas heating with zoned baseboard heat and gas water heating, including a tankless water heater
- Appliances include dishwasher, microwave, oven/range, and refrigerator (plus a Whirlpool dryer)
- Vinyl siding exterior with deck and porch
- Public water and public sewer, with a garage providing parking
Overview
This two-family home offers a practical income and/or owner-occupied layout, with a total size of 1,730 square feet. The exterior is described as low maintenance, and the roof is noted as young. Heating and hot water are provided by gas, supporting day-to-day comfort and efficiency. The property also includes multiple outbuildings, which can provide flexibility for storage, workshops, or future uses depending on how the site is developed.
Located at 661 Washington Street in Coventry, RI, the home sits on a lot measuring 0.83 acres. The large, nearly-acre grounds give room for outdoor activities, gardening, and potential expansion or additional storage. The property is also described as having ample parking, which can be helpful for tenants, guests, and day-to-day access.
For investors, this is a straightforward two-family structure with on-site accessory space and a yard-sized setting. For owner-occupants, it can support a live-in-and-rent arrangement while still offering room to manage personal projects on the property. The combination of gas utilities, outbuildings, and a sizable lot makes this a candidate for buyers who want a manageable platform and space to tailor how the property is used over time.
Located at 661 Washington Street in Coventry, RI, the home sits on a lot measuring 0.83 acres. The large, nearly-acre grounds give room for outdoor activities, gardening, and potential expansion or additional storage. The property is also described as having ample parking, which can be helpful for tenants, guests, and day-to-day access.
For investors, this is a straightforward two-family structure with on-site accessory space and a yard-sized setting. For owner-occupants, it can support a live-in-and-rent arrangement while still offering room to manage personal projects on the property. The combination of gas utilities, outbuildings, and a sizable lot makes this a candidate for buyers who want a manageable platform and space to tailor how the property is used over time.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $22.20 |
| − Vacancy | −$2.5k | −$1.44 |
| EGI | $35.9k | $20.76 |
| − OpEx | −$10.8k | −$6.23 |
| NOI | $25.1k | $14.53 |
1,730 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$359.1K
$314.2K – $419.0K
NOI $25,137 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,092 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$433.3K
$379.1K – $505.5K
NOI $30,330 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Coventry
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.548478
- Latitude
- 41.695546
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Two-family home on large lot with gas heat/hot water, ample parking, and multiple outbuildings for added use.
Where is this triplex located?
The property is located at 661 Washington Street Coventry, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑family home built in 1778, offering 5 bedrooms and multiple bathrooms plus a basement; Nearly‑acre lot with multiple outbuildings for workshops, equipment, hobbies, or future uses; Gas heating with zoned baseboard heat and gas water heating, including a tankless water heater
