New Construction
For Sale
$740,000
796 Atwells Avenue, Providence, RI 02909
Two residences offer a combined six bedrooms and four bathrooms.
Property Size3,200 SF
Price / SF$231.25
Days on Market17
Property Features for 796 Atwells Avenue
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
2
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
HERE Realty
(401) 862-1251
Listed By:
List with Lyon Team
(401) 829-1533
Source:
Lockandkeyre
Added: Sep 28
Changed: Oct 13
Last Checked: Oct 12 at 8:04PM
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 HERE Realty
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two units with a combined 6 bedrooms and 4 bathrooms. The property is located at 796 Atwells Avenue in Providence, Rhode Island.
Two off-street parking spaces serve the property, with street parking also available.
Two off-street parking spaces serve the property, with street parking also available.
Key Highlights
- New construction, completed in 2026
- Two‑unit duplex
- 6 bedrooms and 4 bathrooms combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,036
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,720
$1.1M
Cap Rate 7%
$771,943
$771.9K
Cap Rate 9%
$600,400
$600.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$82.6K $25.80/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$77.2K $24.12/SF
− OpEx
−$23.2K −$7.24/SF
NOI
$54.0K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,720
Cap Rate 7%
$771,943
Cap Rate 9%
$600,400
Alternative Uses
Best Use
Multifamily LT 5
$771.9K
$675.5K – $900.6K
NOI $54,036 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$693.4K
$606.7K – $808.9K
NOI $48,536 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.07M
$936.8K – $1.25M
NOI $74,940 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,603
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer a combined six bedrooms and four bathrooms.
Where is this duplex located?
The property is located at 796 Atwells Avenue Providence, RI.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: New construction, completed in 2026; Two‑unit duplex; 6 bedrooms and 4 bathrooms combined
