58 Read Ave

3,328 Sq. Ft.
$173 / Sq. Ft.
3,328
Sq. Ft.
$173
per Sq. Ft.

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...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!
  1. Listed by Kade Phillips • Brokerage DRE #REB.0019714 • RE/MAX Legacy • Kade@Phillipssold.com
  2. Listed by Chelsea McLaughlin • Brokerage DRE #REB.0019714 • RE/MAX Legacy

Property Details for 58 Read Avenue

Architectural Style
Stacked
LISTING UPDATED: 01/19/2026 01:00 AM

Property Details for 58 Read Avenue

StatusActive
MLS #1400198
Days on Market126
Taxes$4,028 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 3 Family - 3 Units Up/Down
Year Built1930
Lot Size0.11 AC / 4,791 SF
CountyKent County

Location

Listing Courtesy of RE/MAX Legacy
Add your commute

Virtual Tour

Building Information for 58 Read Avenue

Stories2Residences3Year Built1930Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$3,126 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,791

Property Taxes

$336

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 58 Read Avenue

Summary
Location and General Information
  • City: Coventry
  • Community Features: Highway Access, Shopping
  • Country: US
  • Directions: GPS
  • Postal City: Coventry
  • Postal Code: 02816
  • State Or Province: RI
  • Zoning: R-20
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Open Parking Y N: Yes
  • Parking Features: No Garage
  • Parking Total: 10
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $4,028.00
  • Tax Assessed Value: 254300
  • Tax Block: 0
  • Tax Book Number: 1543
  • Tax Lot: 0
  • Tax Map Number: 0
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 3328.0
  • Building Area Total: 3328.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Frontage Length: 0
  • Living Area Source: Public Records
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 4791.0
  • Lot Size Square Feet: 4791.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 58READAVCVEN
  • Stories Total: 2
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1930
  • Year Built Details: Actual
  • Year Built Source: Public Records
Utilities
  • Electric: Separate Meters
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Fenced
  • Foundation Details: Slab
  • Roof: Shingle, Rubber
Interior Features
  • Appliances: Dryer, Washer
  • Basement: None
  • Basement Y N: No
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Vinyl
  • Heating: Baseboard, Oil
  • Heating Y N: Yes
  • Interior Features: Bathtub, Tub Shower
  • Laundry Features: In Unit
  • Levels: 3
  • Rooms Total: 12
  • Spa Y N: No
Multi Family
Income & Expenses Information
  • Gross Income: $48,000.00
  • Net Operating Income: $48,000.00
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1,100.00
  • Type: TwoBedroom
  • Unit Type Area: 600.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,650.00
  • Unit Type Area: 530.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,250.00
  • Type: TwoBedroom
  • Unit Type Area: 600.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No
  • Rent Includes: Unit 1(Heat, Water), Unit 2(Heat, Unit 3(Heat
  • Total Actual Rent: $4,000.00

Property History for 58 Read Avenue

DateEvent & SourcePriceAppreciation
Mar 8, 2026

Temporarily Off Market

MLS PIN #73455073

$575,000
Nov 14, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1400198

$575,000
Nov 14, 2025

Listed (Active)

MLS PIN #73455073

$575,000
Jan 7, 2004

Sold (Public Record)

Public Record #170756987

$200,000

+18.1% / yr

Oct 14, 2003

Permanently Off Market

Rhode Island Association of REALTORS® #312098

Jul 30, 2003

Listed (Active)

Rhode Island Association of REALTORS® #312098

$238,900
Jun 30, 2003

Permanently Off Market

Rhode Island Association of REALTORS® #304117

Mar 25, 2003

Listed (Active)

Rhode Island Association of REALTORS® #304117

$239,900
Dec 30, 2002

Permanently Off Market

Rhode Island Association of REALTORS® #216073

Oct 18, 2002

Listed (Active)

Rhode Island Association of REALTORS® #216073

$219,000
Jul 10, 1997

Sold (Public Record)

Public Record #170731879

$68,000

+1488.1% / yr

Jun 2, 1997

Sold (Public Record)

Public Record #170731693

$51,000
May 30, 1997

Sold

Rhode Island Association of REALTORS® #707709

$51,000
May 14, 1997

Contract Signed

Rhode Island Association of REALTORS® #707709

Apr 21, 1997

Listed (Active)

Rhode Island Association of REALTORS® #707709

$69,900
Jul 28, 1996

Temporarily Off Market

Rhode Island Association of REALTORS® #601547

Jan 28, 1996

Listed (Active)

Rhode Island Association of REALTORS® #601547

$115,000
DateEvent & SourcePrice
03/08/2026

Temporarily Off Market

MLS PIN #73455073

$575,000
11/14/2025

Listed (Active)

Rhode Island Association of REALTORS® #1400198

$575,000
11/14/2025

Listed (Active)

MLS PIN #73455073

$575,000
01/07/2004

Sold (Public Record)

Public Record #170756987

$200,000

+18.1% / yr

10/14/2003

Permanently Off Market

Rhode Island Association of REALTORS® #312098

07/30/2003

Listed (Active)

Rhode Island Association of REALTORS® #312098

$238,900
06/30/2003

Permanently Off Market

Rhode Island Association of REALTORS® #304117

03/25/2003

Listed (Active)

Rhode Island Association of REALTORS® #304117

$239,900
12/30/2002

Permanently Off Market

Rhode Island Association of REALTORS® #216073

10/18/2002

Listed (Active)

Rhode Island Association of REALTORS® #216073

$219,000
07/10/1997

Sold (Public Record)

Public Record #170731879

$68,000

+1488.1% / yr

06/02/1997

Sold (Public Record)

Public Record #170731693

$51,000
05/30/1997

Sold

Rhode Island Association of REALTORS® #707709

$51,000
05/14/1997

Contract Signed

Rhode Island Association of REALTORS® #707709

04/21/1997

Listed (Active)

Rhode Island Association of REALTORS® #707709

$69,900
07/28/1996

Temporarily Off Market

Rhode Island Association of REALTORS® #601547

01/28/1996

Listed (Active)

Rhode Island Association of REALTORS® #601547

$115,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 58 Read Avenue

Taxable ValueLand$75,900Additions$178,400Total$254,300
Tax Record2025$4,092 ($341 / month)
Home Facts
Baths3Total Finished SqFt1,730 SqFtAbove Grade Finished SqFt1,730 SqFtUnfinished Basement SqFt1,336 SqFtStories2Lot Size4,792 SqFtStyleTriplexYear Built1930ZoningR-20CountyKENTAPNCOVE M:64 L:77

Schools near 58 Read Avenue

This home is within Coventry School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Blackrock School
PublicPK to 5

Coventry High School
Public9 to 12

Tiogue School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

58 Read Avenue is a multi-family home for sale in Coventry, RI 02816. This property was listed for sale on November 14, 2025 by RE/MAX Legacy, it's currently listed at $575,000. It has been on the market for a total of 126 days and was last sold on January 7, 2004. This listing's school district is Coventry School District. Nearby schools include Blackrock School, Alan Shawn Feinstein Middle School of Coventry and Coventry High School. 58 Read Avenue is a 5-bed, 3-bath, 3,328 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Legacy

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.