New - 4 days on Rocket
$7,124 Closing Credit¹
#1377427, Listing Office: HomeSmart Professionals
$7,719
closing credit¹
948 Atwells Ave Providence, RI 02909
$650,000 List price
$7,719
Closing credit¹
5 beds
2 full, 1 partial
0.07 acres
Multi-Family
Property details
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.
Highlights
Home typeMulti Family
HeatingNatural Gas, Steam
StatusActive
BasementYes
Lot size0.07 Acres
Year built1922
ParkingNo Garage
MLS #1375940
Summary
- MLS Number: 1375940
- MLS Name: RIS
- 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: 2/10/2025, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
948 Atwells Ave
$7,719
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 21, 1994 | Home Sold | $81,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $215,100 | $- |
| 2023 | $215,100 | $- |
| 2022 | $215,100 | $7,614 |
| 2021 | $186,400 | $6,840 |
| 2020 | $186,400 | $- |
| 2019 | $186,400 | $- |
History based on county public records data.
Nearby schools
4
William D'Abate Elementary School
Public District KG-5
0.3 mi
•60 Kossuth St
4
George J. West Elementary School
Public District KG-5
0.4 mi
•145 Beaufort St
3
Achievement First Providence
Public Charter KG-4
0.6 mi
•370 Hartford Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,561. Residents of Providence, RI typically earn less than $<35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
55%
<35k
43%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
42%
Single, No Kids
31%
Single, with Kids
9%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
10%
12-17 yrs old
30%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 948 Atwells Ave in Providence, RI and zip code 02909 in the Olneyville neighborhood. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $650,000.
Over 31 listings were sold over their listed price in January 2025 in Providence, RI. In the same period over 32 listings were sold below the listed price and 8 listings were sold for the listed price. In January 2025 in Providence, RI there were 4% less homes for sale than in December. In January 2025 median list price was $496,812 and the average listing age was 36 days.
From Rocket Homes Real Estate and based on county public records data.