Three-Family Rental
792 Atwells Avenue Providence, RI 02909
792 Atwells Avenue, Providence, RI, 02909
$935,000
For Sale
$935,000
Three-family residential building with two basement units and multiple one- and three-bedroom layouts.
Property Size3,284 SF
Price / SF$284.71
Days on Market18
Property Features for 792 Atwells Avenue
General Information
- Standard status
- Active
- Size
- 3,284 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
Circle 100 Real Estate
(401) 336-6083
Listed by
Lissette Guzman
Source
Lockandkeyre
Added: Jul 6 Updated: Jul 21 at 4:41AM Checked: Jul 22 at 4:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Circle 100 Real Estate
Investment Insights
Based on property information with market context.
This three-family rental property includes multiple separate one-bedroom units and larger upper-floor living space. The first floor is arranged as two one-bedroom, one-bath units, with one unit currently used as an Airbnb. The fully renovated second floor provides three bedrooms and one and a half bathrooms. The third floor needs cosmetic updates.
Additional income potential comes from a basement that is subdivided into two more one-bedroom units. Behind the building, there is a vacant lot that is available for purchase but not included in the house sale; the owner indicates a reduced price if purchased together as a package.
Additional income potential comes from a basement that is subdivided into two more one-bedroom units. Behind the building, there is a vacant lot that is available for purchase but not included in the house sale; the owner indicates a reduced price if purchased together as a package.
Key Highlights
- Three‑family residential building built in 1900 with multiple one- and three‑bedroom layouts
- First floor has two 1‑bedroom, 1‑bath units; one unit is currently used as an Airbnb
- Second floor is fully renovated with 3 bedrooms and 1.5 bathrooms
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.5k | $29.40 |
| − Vacancy | −$6.0k | −$1.82 |
| EGI | $90.6k | $27.58 |
| − OpEx | −$40.8k | −$12.41 |
| NOI | $49.8k | $15.17 |
3,284 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$711.6K
$622.6K – $830.2K
NOI $49,810 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$961.3K – $1.28M
NOI $76,907 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-family residential building with two basement units and multiple one- and three-bedroom layouts.
Where is this apartment building located?
The property is located at 792 Atwells Avenue Providence, RI.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Three‑family residential building built in 1900 with multiple one- and three‑bedroom layouts; First floor has two 1‑bedroom, 1‑bath units; one unit is currently used as an Airbnb; Second floor is fully renovated with 3 bedrooms and 1.5 bathrooms
