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$575,000
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Property Description
Fantastic Investment Opportunity in Coventry! This fully rented 3-family multi-unit offers steady income from day one and is perfect for both new and seasoned investors. The property has been well cared for, featuring a brand-new roof, new gutters, and ample off-street parking for all tenants. Each unit is occupied with reliable renters, providing instant cash flow and long-term potential. Conveniently located near local amenities and commuter routes, this property is a low-maintenance, high-return addition to any portfolio. Whether you're expanding your investments or starting fresh, this Coventry multi is the one you've been waiting for!
Full Property Details
Full Property Details for 58 Read Ave
General
- Price: $575,000
- Taxes: $4,028 (2024)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1400198
- Updated: 1/9/2026
- Added to Site: 63 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: Bathtub, Tub Shower
- Fireplace(s): None
- Appliances: Dryer, Washer
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: In Unit
Parking
- Total Spaces: 10
- Parking Features: No Garage
Location
- County: Kent
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Oil
Utilities
- Sewer: Septic Tank
- Water: Public
Structural Information
- # Buildings: 1
- Architectural Style: Stacked
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Drywall, Vinyl Siding
- Basement Desc.: None
- Stories/Levels: 2
- Building Size: 3328
- Finished Total: 3,328 Sq. Ft.
- Finished Above Grnd: 3,328 Sq. Ft.
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,791
- Lot Size: 4791
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $4,028
- Tax Year: 2024
- Owner Pays: Hot Water
Disclosures and Reports
- Inclusions: All measurements are approximate. Buyer/agent to do their own due diligence.
- Property ID: 58READAVCVEN
Listed by RE/MAX Legacy
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Schools
Schools serving 58 Read Ave
School District:Coventry School District
| Name | Grades | Distance |
|---|---|---|
Alan Shawn Feinstein Ms Of Cov 15 Foster Drive, Coventry, RI 02816 | 6-8 | 1.4 mi |
Coventry High School 40 Reservoir Road, Coventry, RI 02816 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 58 Read Ave
Date
Details
Price
Change
Source
11/14/2025
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 58 Read Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,028
3%
$254,300
—
2023
$3,898
-6%
$254,300
20%
2022
$4,135
1%
$211,300
—
2021
$4,099
-13%
$211,300
—
2020
$4,699
46%
$211,300
46%
2019
$3,223
3%
$144,900
—
2018
$3,131
3%
$144,900
—
2017
$3,040
-15%
$144,900
-13%
2016
$3,578
3%
$167,100
—
2015
$3,481
2%
$167,100
—
2014
$3,409
10%
$167,100
1%
2013
$3,088
—
$165,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 58 Read Ave
58 Read Avenue, Coventry, RI 02816 (MLS# 1400198) is a Apartment property with 5 bedrooms and 3 full bathrooms. 58 Read Avenue is currently listed for $575,000 and was received on November 14, 2025. Want to learn more about 58 Read Avenue? Do you have questions about finding other Apartment real estate for sale in Coventry? You can browse all Coventry real estate or contact a Coldwell Banker agent to request more information.

