Multi Family Investment Properties for Sale in Coventry, RI
160- 4 Bed
- 2 Bath
- 1792 sft
667- 3 Bed
- 2 Bath
- 1689 sft
200- 4 Bed
- 2 Bath
- 2157 sft
372- 2 Bed
- 2 Bath
- 1104 sft
Why Invest in Coventry, Rhode Island?
Coventry, RI offers strong potential for multi-family investments with steady population growth and high median incomes supporting rental demand. The town's renter-occupied housing stands at around 20%, bolstered by a median household income of $99,177. Average rents near $1,800 provide solid rental yields of 6-7%, while cap rates hover at 6.5%. Annual appreciation of 4% and positive cash flows make it attractive for long-term holds. Proximity to Providence enhances workforce stability for multi-family properties.
Frequently Asked Questions
Average rental yields for multi-family properties in Coventry range from 6-7%, driven by median rents around $1,800 and stable cap rates of 6.5%. High median incomes of $99,177 support tenant reliability. Population growth of 0.4% annually bolsters demand.
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