Three-Family Residential Income Property

792 Atwells Avenue Providence, RI 02909

Claim this Listing
New
For Sale
$935,000

MULTI_FAMILY - Providence, RI

Property size:
3,284 SF
Lot size:
0.22 Acres
Price / SF:
$284/SF
Added:
Jul 6, 2026
Days on Market:
6
Last Refresh:
Jul 11 at 7:06 pm

Property Features for 792 Atwells Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
5
Rooms
Bathroom 4, Bedroom 4, Basement, Bedroom 8, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 7, Bathroom 5, Bedroom 9, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 1
Parking
9
Patio and Porch features
Porch
Interior features
Wall (Paneled), Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
3,284 SF
Lot size
0.22 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7574

Utilities

Heating system
Forced Air

Building Details

Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Vinyl
Building materials
Paneled, Shingles

Listing agent Lissette Guzman License #RES.0042951

Listing office Circle 100 Real Estate 359 Broad Street, Floor 2, Providence, RI

Listing date Jul 6, 2026

MLS# 1416918 Listing URL

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This three-family residential income property is structured with multiple separate living units across the first, second, and third floors, plus additional basement space subdivided into two one-bedroom units. The first floor includes two one-bedroom, one-bath units, with one currently used as an Airbnb. The fully renovated second floor offers three bedrooms and one and a half bathrooms. The third floor needs cosmetic updates.

The property is located at 792 Atwells Avenue in Providence, Rhode Island (02909). Behind the main building is a vacant lot that is not included in the house sale but is available for purchase separately.

If the house and the vacant lot are purchased together as a package, the owner has indicated a willingness to offer a reduced price.

Key Highlights

  • Three‑family home with multiple subdivided units, including two one‑bedroom units on the first floor and two one‑bedroom units in the basement
  • Fully renovated second floor with 3 bedrooms and 1.5 bathrooms
  • Third floor requires cosmetic updates

Local Financial Insights For Multifamily LT 5

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 $84.7k $25.80
− Vacancy −$5.5k −$1.68
EGI $79.2k $24.12
− OpEx −$23.8k −$7.24
NOI $55.5k $16.89
3,284 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$792.2K
$693.2K – $924.2K (±1% cap)
NOI $55,454 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$711.6K
$622.6K – $830.2K (±1% cap)
NOI $49,810 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.10M
$961.3K – $1.28M (±1% cap)
NOI $76,907 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Dental Office HVAC Service Carpet & Flooring Store Electrical Service Acupuncture Parking Lot & Garage Nursing Home Locksmith Nursing Home Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three residential units with additional basement apartments provide multiple income-producing configurations.
Where is this triplex 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 home with multiple subdivided units, including two one‑bedroom units on the first floor and two one‑bedroom units in the basement; Fully renovated second floor with 3 bedrooms and 1.5 bathrooms; Third floor requires cosmetic updates
Contact an agent
More about this property
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