**Unique Waterfront Investment Opportunity!** Two waterfront homes on one lot, situated on nearly an acre along beautiful Stump Pond—and directly bordering the Coventry Bike Path. Each home offers 2 bedrooms and 1 bathroom, creating a rare opportunity with multiple possibilities. Both both homes require rehab and are being sold **AS IS**, making this an ideal opportunity for investors, flippers, or a savvy owner-occupant looking to live in one home and rent the other. Due to the work needed, the ideal buyer will be CASH or Private money although some conventional financing may work. Opportunities like this are hard to find: two homes, one waterfront lot, and plenty of land with significant upside potential. Dont miss out!!!
For sale
$375,000
31-31A Phillips Hill Rd, Coventry, RI 02816
4beds
2,100sqft
Multi Family
Built in 1880
-- sqft lot
$-- Zestimate®
$179/sqft
$-- HOA
What's special
Waterfront homesPlenty of land
- 1 day |
- 712 |
- 40 |
Zillow last checked:
Listing updated:
Listed by:
Michael Zompa zompa.realtor@gmail.com,
RE/MAX Preferred
Source: StateWide MLS RI,MLS#: 1420532
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Oil, Forced Air
Cooling
- None
Appliances
- Laundry: In Unit
Features
- Wall (Dry Wall), Wall (Paneled), Wall (Wood)
- Flooring: Hardwood, Vinyl, Carpet
- Basement: Full,Interior and Exterior,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Features
- Stories: 2
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Access, Dock, Freshwater Front, Walk to Fresh Water
Lot
- Size: 0.84 Acres
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Paneled, Wood Wall(s), Vinyl Siding
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Coventry
Financial & listing details
- Price per square foot: $179/sqft
- Annual tax amount: $5,969
- Date on market: 8/15/2026
- Total actual rent: 0
- Tenant pays: Heat
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Listed for sale | $375,000$179/sqft |
Source:  StateWide MLS RI #1420532 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 02816
Nearby schools
GreatSchools rating
- 6/10Western Coventry SchoolGrades: K-5Distance: 2.8 mi
- 6/10Alan Shawn Feinstein Middle School of CoventryGrades: 6-8Distance: 3.9 mi
- 3/10Coventry High SchoolGrades: 9-12Distance: 2.4 mi
- $440,7001 bd1 ba-- sqft31 Phillips Hill Rd, Coventry, RI 02816Off Market
- $576,4004 bd2 ba1.9k sqft73 Phillips Hill Rd, Coventry, RI 02816Off Market
- $380,0002 bd1 ba1k sqft21 Hill Farm Rd, Coventry, RI 02816Sold
- $420,8006 bd3 ba2.4k sqft71 Hill Farm Rd, Coventry, RI 02816Off Market
- $341,2003 bd1 ba980 sqft60 Phillips Hill Rd, Coventry, RI 02816Off Market
- $496,7003 bd2 ba2.1k sqft68 Phillips Hill Rd, Coventry, RI 02816Off Market
- $381,3003 bd1 ba960 sqft64 Phillips Hill Rd, Coventry, RI 02816Off Market
- $469,6002 bd1 ba1.1k sqft15 Hill Farm Rd, Coventry, RI 02816Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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