New Construction
For Sale
$740,000
796 Atwells Avenue, Providence, RI 02909
Residential Income, Providence, RI
Property Size3,200 SF
Lot Size0.08 Acres
Price / SF$231.25
Days on Market8
Property Features for 796 Atwells Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 4
Parking
2
Parking features
None
Patio and Porch features
Porch
Interior features
Stairs, Plumbing (Mixed)
Exterior features
Porch
Basement
Full, Unfinished
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Gas Water Heater
Subdivision
Olneyville
Lot features
Sidewalks
Standard status
Active
Size
3,200 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1628
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Vinyl
Listing Agency:
Here Realty
(401) 862-1251
Listed By:
List with Lyon Team
(401) 829-1533
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 10:06PM
MLS# 1424341
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.
Completed in 2026, this duplex contains two similarly finished units with a combined 3,200 square feet, six bedrooms, and four bathrooms. The 0.08-acre property includes a porch. Interior finishes include vinyl and ceramic tile flooring, with natural gas forced-air heat and central air conditioning. Each unit has a dishwasher, microwave, oven, range, and refrigerator.
Located at 796 Atwells Avenue in Providence, the property is offered as a two-unit residential asset.
Located at 796 Atwells Avenue in Providence, the property is offered as a two-unit residential asset.
Key Highlights
- Two‑unit duplex with 3,200 square feet
- Six bedrooms and four bathrooms
- Built in 2026
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.
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 - The two-unit property offers six bedrooms and four bathrooms across its matching residences.
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: Two‑unit duplex with 3,200 square feet; Six bedrooms and four bathrooms; Built in 2026
