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466 Washington St 7 Unit Apartment Building $900,000 ($128,571/Unit) Coventry, RI 02816
Executive Summary
Strong investment opportunity in Coventry! This mixed-use property includes six fully occupied residential units delivering steady income, plus a vacant 480 sq ft detached retail space offering immediate value-add potential. Ample parking supports both residents and future commercial use. Recent upgrades include a newer roof (3 years old), multiple new heating systems, and a recent connection to public sewers. Conveniently located near highways and everyday amenities, creating a practical and well-rounded addition to any portfolio.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $900,000 | Building Class | C |
| Price Per Unit | $128,571 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1918 |
| Property Subtype | Apartment | Parking Ratio | 3.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 3000 | ||
| Price | $900,000 |
| Price Per Unit | $128,571 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,800 SF |
| No. Stories | 3 |
| Year Built | 1918 |
| Parking Ratio | 3.75/1,000 SF |
| Zoning | 3000 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 720 |
| 1+1 | 1 | - | 720 |
1 1
Property Taxes
| Parcel Number | COVE-000056-000000-000122 | Improvements Assessment | $398,400 |
| Land Assessment | $194,400 | Total Assessment | $592,800 |
Property Taxes
Parcel Number
COVE-000056-000000-000122
Land Assessment
$194,400
Improvements Assessment
$398,400
Total Assessment
$592,800
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466 Washington St
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