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Sold for $630,000 on 09/03/25
  • $630,000

    948 Atwells Ave, Providence, RI 02909

    5beds
    2,490sqft
    Multi Family
    Built in 1922
    -- sqft lot
    $634,200 Zestimate®
    $253/sqft
    $2,266 Estimated rent

    Home value

    $634,200

    $571,000 - $704,000

    $2,266/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: September 03, 2025 at 10:17am

    Listed by:

    The Duque Group 401-808-5611,

    Compass

    Bought with:

    Wil Hernandez, RES.0035287

    Century 21 Visionary Group

    Source: StateWide MLS RI,MLS#: 1375940MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Natural Gas, Steam
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater
    Features
    • Wall (Dry Wall), Wall (Plaster), Wall (Wood), Plumbing (Mixed)
    • Flooring: Ceramic Tile, Hardwood, Laminate
    • Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
    • Has fireplace: No
    Interior area
    • Total structure area: 2,490
    • Total interior livable area: 2,490 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: No Garage
    Features
    • Stories: 3
    Lot
    • Size: 3,049 sqft
    Details
    • Parcel number: PROVM63L79
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Plaster, Wood Wall(s), Vinyl Siding
    • Foundation: Brick/Mortar
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Municipal
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
    Location
    • Region: Providence
    • Subdivision: Mount Pleasant

    HOA & financial

    HOA
    • Has HOA: No
    Other financial information
    • Total actual rent: 0

    Price history

    DateEventPrice
    9/3/2025Sold$630,000-3.1%$253/sqft
    Source: StateWide MLS RI #1375940
    3/22/2025Pending sale$650,000$261/sqft
    Source: StateWide MLS RI #1375940
    2/7/2025Listed for sale$650,000$261/sqft
    Source: StateWide MLS RI #1375940
    1/30/2025Pending sale$650,000$261/sqft
    Source: StateWide MLS RI #1375940
    1/10/2025Listed for sale$650,000+697.5%$261/sqft
    Source: StateWide MLS RI #1375940

    Public tax history

    YearProperty taxesTax assessment
    2025$5,205 $356,500 +65.7%
    2024-- $215,100
    2023-- $215,100

    Find assessor info on the county website

    Neighborhood: Olneyville

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $634,200
    2% more+ $12,684
    With Zillow Showcase(estimated)
    $646,884