INNOVATE Real Estate
Multi Family at 51 Willow Street, Coventry
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$459,900

51 Willow Street
Coventry, RI 02816
Listed by Matt Mandeville
Bedrooms
4
Bathrooms
3
Living area
N/A
Year built
1900

About this home

Welcome to this fantastic three-family property in a convenient Coventry location, offering an excellent opportunity for investors and owner-occupants alike. With three separate units, a desirable layout, and several important recent updates, this property provides the perfect combination of rental income potential, flexibility, and long-term value. The property features two 1-bedroom units and one 2-bedroom unit, offering a variety of rental options and making this an ideal opportunity for an owner-occupant looking to live in one unit while renting out the other two. Whether you're looking to offset your mortgage, build your investment portfolio, or generate rental income, this property offers plenty of possibilities. Major updates include a new roof and septic system, both completed in 2023, providing valuable peace of mind for the next owner. The property also offers plenty of off-street parking, making parking convenient for residents and guests, along with a nice backyard that provides valuable outdoor space for relaxing, entertaining, or enjoying the warmer months. Conveniently located with easy access to local shopping, restaurants, schools, parks, and major roadways, this property offers the accessibility tenants and homeowners are looking for while still being situated in a comfortable residential setting.With three units, four total bedrooms, a 2023 roof, a 2023 septic system, ample parking, and a nice backyard, this is an excellent opportunity. Schedule a tour!

Property details

MLS #
1423570
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
September 28, 2026
Stories
2
Total bathrooms
3
Garage spaces
N/A
Parking spaces
3
Lot size
0.14 acres

Location

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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
Blackrock School
1.24 mi away · Grades 0-5
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
330
Student:teacher ratio
12.7:1
District
Coventry
Middle
John F. Deering Middle
1.02 mi away · Grades 5-8
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
1,087
Student:teacher ratio
12.5:1
District
West Warwick
High
West Warwick High School
1.07 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
1,044
Student:teacher ratio
13.4:1
District
West Warwick

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).

73
Walkable
out of 100
EPA National Walkability Index
13.7 / 20 -- Above average walkable
Google Places amenity density
80 / 100
Restaurants & cafes14
Grocery stores1
Parks9
Schools3
Transit stops20
Pharmacies1

Market position

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

On the market 0 days -- 50 fewer days than Coventry's current average of 50 days.
For reference, the median list price across 233 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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%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,920/mo
$91,980 down
$367,920 loan
Principal & interest$2,386
Property tax (est.)$383
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 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.