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$745,000

195 Town Farm Road
Coventry, RI 02816
Listed by Elizabeth VARS
Bedrooms
6
Bathrooms
2.1
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. The expansive grounds offer an abundance of parking spaces, easily accommodating tenants, guests, and oversized vehicles. 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, 3-4 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, kitchen and formal dining room, ample-sized living room plus attic storage space if needed. Second floor tenant will be moving out as of Sept.1st; garage spaces rent for $150/month. Great property waiting for its new owner!

Property details

MLS #
1416482
Property type
Multi Family
Subdivision
Western/Central
Status
Active
Days on market
42
On market date
June 27, 2026
Stories
2
Garage spaces
3
Lot size
2 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

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
The Regional Career and Tech
2 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
District
Coventry

Mortgage calculator

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Est. monthly payment
$4,636/mo
$149,000 down
$596,000 loan
Principal & interest$3,866
Property tax (est.)$621
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 12 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.