Multi Family at 195 Town Farm Road, Coventry
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45 photos

$695,000

195 Town Farm Road
Coventry, RI 02816
Listed by Elizabeth VARS
Bedrooms
6
Bathrooms
2.5
Living area
N/A
Year built
1790

About this home

Rare investment opportunity on 2 sprawling acres! This well-maintained multi-family property features an incredible, oversized 3-car garage equipped with a professional lift—perfect for a mechanic, car enthusiast, or additional rental income (garage spaces have previously been rented for $150/month). The expansive grounds offer an abundance of parking spaces, easily accommodating tenants, guests, and oversized vehicles. There is a potential for an Accessory Dwelling Unit (ADU), if the property is owner-occupied and meets the guidelines of the Town of Coventry. Ideally suited for an owner-occupant or savvy investor, this property combines spacious outdoor living with unique functional utility. Each unit has wood floors, laundry areas, separate utilities and meters with oil heat (See list for all of the improvements made in the last 10+ years; home has a 6 bed ISDS). First floor unit has 1700’+ of living with tons of storage space, 3 bedrooms, full bath and an eat-in-kitchen with a spacious living room. Second floor unit has 1300'+ of living with 3 bedrooms, full bath and half bath with laundry, kitchen and formal dining room, ample-sized living room plus attic storage space if needed. (**Pictures of 2nd floor dining room show tenant owned chandelier that is no longer there and has been replaced). Great property waiting for its new owner!

Property details

MLS #
1422064
Property type
Multi Family
Subdivision
Western/Central
Status
Active
Days on market
10
On market date
September 1, 2026
Stories
2
Total bathrooms
2.5
Garage spaces
3
Parking spaces
9
Lot size
2 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Washington Oak School
1.01 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
652
Student:teacher ratio
15.9:1
District
Coventry
Middle
Alan Shawn Feinstein MS of Cov
2.87 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
981
Student:teacher ratio
11.3:1
District
Coventry
High
Coventry High School
2 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,384
Student:teacher ratio
12.5:1
District
Coventry

Walkability

Blended score for Coventry's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

17
Very car-dependent
out of 100
EPA National Walkability Index
3.8 / 20 -- Least walkable
Google Places amenity density
13 / 100
Restaurants & cafes1
Grocery stores0
Parks1
Schools1
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Coventry, from live MLS data.

On the market 10 days -- 41 fewer days than Coventry's current average of 51 days.
For reference, the median list price across 239 active listings in Coventry right now is $499,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$4,335/mo
$139,000 down
$556,000 loan
Principal & interest$3,606
Property tax (est.)$579
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 23 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.