748 Atwells Ave, Providence, RI 02909
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$749,990
3 Unit
9 Beds
3 Baths
2908 SQFT
0.08 Acre

Property Description

utstanding investment opportunity in a high-demand rental market. This fully occupied 3-family property features three spacious units: a beautifully renovated second-floor unit offering 3 bedrooms and 1 bathroom, a well-maintained 3 bed/1 bath unit on the first floor, and a generously sized 4 bed/1 bath unit on the third floor—ideal for strong rental income or owner-occupancy. What sets this property apart is its R-4 zoning designation, allowing for very high-density residential development (up to 20 units per acre). This opens the door for potential unit reconfiguration, future expansion, or mixed-use residential development, subject to local approval. Floor plans and conceptual designs for possible unit conversions are available upon request. Additional features include exterior security camera coverage and proximity to local amenities, public transportation, and major commuter routes. This is a rare opportunity to secure a cash-flowing asset with value-add potential. Showings by app

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Basement Features: Concrete Floor, Full, Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 62400
  • Net Operating Income: 62400

Utilities

  • Electric Info: 100 Amps, Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Floors: 3
  • Levels: 3

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Construction Type: Aluminum, Brick, Frame, Stone/Concrete
  • Foundation Info: Brick, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73391800
  • Last Updated: 06/20/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/20/2025Active$749,990$258MLSPIN
06/16/2025New$749,990$258MLSPIN

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Seller's Representative: Raymond Hill, Coldwell Banker Realty
Sub Agent Compensation: 1
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-20 03:05:00