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948 Atwells Ave, Providence, RI, 02909

$650,000

Home List Price

$7,719*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
Multi

Location

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948 Atwells Ave, Providence$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1922
HeatingNatural Gas, Steam
CoolingNone
BasementYes
MLS #1375940
Lot Size0.07 Acres
StatusActive

About 948 Atwells Ave

PRIME MIXED-USE OPPORTUNITY IN FEDERAL HILL'S RESTAURANT ROW. Commercial + Two Residential Units Exceptional investment opportunity. This turnkey mixed-use property features an established restaurant space with an impressive 34-year legacy, complemented by two income-generating residential units above. COMMERCIAL HIGHLIGHTS: Fully equipped restaurant space with decades of successful operation Prime location on historic Atwells Avenue with high foot traffic Existing kitchen infrastructure and dining room setup Established customer base and neighborhood recognition Versatile space suitable for continued restaurant operation or new business venture RESIDENTIAL FEATURES: Two well-maintained rental units providing steady income stream Separate entrances ensuring privacy for commercial and residential tenants Ideal urban location attractive to quality tenants Additional revenue potential through property improvements Perfect for investors seeking a proven commercial space with built-in residential income, or entrepreneurs ready to write the next chapter of this property's story. Whether maintaining the existing restaurant concept or launching a new venture, this turnkey property offers immediate operational capability with significant upside potential. This rare opportunity combines Providence's rich culinary heritage with modern investment potential. Don't miss the chance to own a piece of Federal Hill's vibrant business community.

Property Details

Property Features

Property Information:

  • Year Built: 1922

Listing Office:

  • Office Name: Compass / Lila Delman Compass
  • Office Phone: (401) 274-1644

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Laminate
  • Interior: Tub Shower

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000

Tax Information:

  • Annual Amount: $6,841
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Providence, RI.

Med. Sold Price

$490.4K

Med. Price/SqFt

$277

Avg. Days On Market

29

# of Sold Homes

123

948 Atwells Ave vs Providence

1 DAY ON ROCKET

-28 Days

$650,000

+$159.5K More

KEY TAKEAWAY

This property is $159.5K more than the Median Sold Price in Providence, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1375940

Listing Office:

  • Office Name: Compass / Lila Delman Compass
  • Office Phone: (401) 274-1644

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/11/2025, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 21, 1994Home Sold
$81,500

Tax History

YEARPROP. TAXASSESSMENT
2020$6,841$186,400
2019 - $186,400
2018 - $159,600
2017 - $159,600

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1927974
4
/10
  • William D'Abate Elementary School

  • 60 Kossuth St

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-1927975
4
/10
  • George J. West Elementary School

  • 145 Beaufort St

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-1927976
3
/10
  • Achievement First Providence

  • 370 Hartford Ave

  • 0.64 miles

  • Public Charter Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,561. Residents of Providence, RI typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas


Rocket Homes›Rhode Island›Providence County›Providence›02909›948 Atwells Ave

This home is located at 948 Atwells Ave in Providence, RI and zip code 02909 in the Olneyville neighborhood. This home, which was built in 1922, sits on a 0.07 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $650,000.

Providence, RI housing market in December 2024 saw over 66 listings sold above listed price, more than 19 sold at listed price and over 38 sold below. The number of homes for sale in Providence, RI decreased by 13.9% between November 2024 and December 2024. Listings spent 29 days on the market in December 2024, and had a median list price of $490,441 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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