$645,000

About this home

WELCOME TO 46 AMES ST... Well-maintained 1880s building offering four residential units, with third floor expansion potential and full basement with 2nd means of egress through basement bulkhead walkout, in the desirable Phenix section of Coventry. This established income-producing property features four long-term, well-paying tenants who take pride in the property and demonstrate respect for their homes. The building is serviced by city water and a newer septic system, with four separate gas baseboard heating systems, four gas hot water tanks, and five circuit-breaker electrical services. Adding to the property’s appeal is an approximately 40' x 32' walk-up third-floor space, currently offering five rooms and presenting exciting potential for future expansion, subject to applicable approvals and zoning requirements. Possible future uses may include an accessory dwelling unit (ADU) or a potential fifth residential unit. A compelling opportunity for investors seeking a well-cared-for, established multifamily property with reliable rental income and additional upside potential. The interior photos have been virtually staged. SEE VIRTUAL TOUR ON ANY PUBLIC WEBSITE FOR 55 PHOTOS INCLUDING WALK THROUGH VIDEO, THIRD FLOOR INTERACTIVE FLOOR PLAN SHOWING LAYOUT AND ROOM DIMENSIONS ALONG WITH PHOTO GALLERY

Property facts

Property type

Multi Family

Year built

1880

Lot size (acres)

0.339

Total rooms

12

Garage spaces

0

Total parking

8

Annual taxes

$6,143

Tax year

2025

Neighborhood

Phenix

County

Kent

Features

Heating

Natural Gas, Baseboard

Cooling

None

Basement

Full, Interior and Exterior, Unfinished, Common

Appliances

Gas Water Heater

Interior

Wall (Dry Wall), Attic Stairs, Internal Expansion, Plumbing (Mixed)

Laundry

In Building

Parking

No Garage

Construction

Dry Wall, Vinyl Siding

Utilities

Water Connected

Sewer

Septic Tank

Location