58 Read Ave

$575,000
Price
5
Beds
1,730 Sq. Ft.
$332 / Sq. Ft.
1,730
Sq. Ft.
$332
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 • RE/MAX Legacy
  2. Listed by Chelsea McLaughlin • RE/MAX Legacy

Property Details for 58 Read Avenue

Town
Coventry
Area
RI-Coventry
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10
LISTING UPDATED: 11/19/2025 01:15 PM

Property Details for 58 Read Avenue

StatusActive
MLS #73455073
Days on Market40
Taxes$4,028 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 3 Family - 3 Units Up/Down
Year Built1930
CountyKent County

Location

Listing Courtesy of RE/MAX Legacy
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Building Information for 58 Read Avenue

Stories3Residences3Year Built1930Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$3,177 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,841

Property Taxes

$336

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 58 Read Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Shopping, Highway Access
  • Living Area: 1730.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceFeatures: None
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl
  • Interior Features: Living Room, Kitchen, Laundry Room
  • Laundry Features: In Unit
  • SpaYN: No
Exterior Features
  • Exterior Features: Fenced Yard
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Level
  • Roof Material: Shingle, Rubber
  • Structure Type: Apartment
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Improved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Improved Driveway
  • Parking Features: Off-Street, Improved Driveway
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Separate Meters
  • Heating: Oil
  • Heating: Yes
  • Sewer: Private Sewerage
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 112184
  • Assessments: $254,300
  • Block: 0
  • Book: 1543
  • Lot: 0
  • Map: 0
  • Tax Year: 2024
  • Zoning: R-20
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Slab
  • Frontage: 0
  • Levels: 3
Income / Expenses
  • GOI: $48,000.00
  • NOI: $48,000.00
  • Operating Expense: $.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,000.00

Property History for 58 Read Avenue

DateEvent & SourcePriceAppreciation
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
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 Record2024$4,028 ($336 / month)
Home Facts
Baths3Total Finished SqFt1,730 SqFtAbove Grade Finished SqFt1,730 SqFtUnfinished Basement SqFt136 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 - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Blackrock School
PublicK 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 40 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, 1,730 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.