948 Atwells Ave Providence, RI 02909
Olneyville NeighborhoodEstimated payment $3,535/month
Total Views
12,536
5
Beds
2.5
Baths
2,490
Sq Ft
$261
Price per Sq Ft
Highlights
- Wood Flooring
- Bathtub with Shower
- Storage Room
- Recreation Facilities
- Laundry Room
- Public Transportation
About This Home
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
Home Type
- Multi-Family
Year Built
- Built in 1922
Home Design
- Brick Foundation
- Wood Siding
- Vinyl Siding
- Plaster
Interior Spaces
- 2,490 Sq Ft Home
- 3-Story Property
- Storage Room
- Laundry Room
- Utility Room
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 5 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Steam
- Gas Water Heater
Additional Features
- 3,049 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 79
- Assessor Parcel Number 948ATWELLSAVPROV
Community Details
Overview
- 3 Units
- Mount Pleasant Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Recreation Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $215,100 | $71,800 | $143,300 |
| 2023 | $0 | $215,100 | $71,800 | $143,300 |
| 2022 | $0 | $215,100 | $71,800 | $143,300 |
| 2021 | $0 | $186,400 | $52,100 | $134,300 |
| 2020 | $0 | $186,400 | $52,100 | $134,300 |
| 2019 | $0 | $186,400 | $52,100 | $134,300 |
| 2018 | $0 | $159,600 | $52,100 | $107,500 |
| 2017 | $0 | $159,600 | $52,100 | $107,500 |
| 2016 | -- | $159,600 | $52,100 | $107,500 |
| 2015 | -- | $138,400 | $49,600 | $88,800 |
| 2014 | -- | $138,400 | $49,600 | $88,800 |
| 2013 | -- | $138,400 | $49,600 | $88,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Pending | -- | -- | -- |
| 02/07/2025 02/07/25 | For Sale | $650,000 | 0.0% | $261 / Sq Ft |
| 01/30/2025 01/30/25 | Pending | -- | -- | -- |
| 01/10/2025 01/10/25 | For Sale | $650,000 | -- | $261 / Sq Ft |
Source: State-Wide MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $81,500 | -- | |
| Warranty Deed | $81,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $70,000 | Commercial | |
| Closed | $81,288 | Commercial |
Source: Public Records
Similar Homes in Providence, RI
Source: State-Wide MLS
MLS Number: 1375940
APN: PROV-630079-000000-000000
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