Sold for $695,000

$695,000

423 Atwells Ave, Providence, RI 02909

5beds

3,636sqft

Multi Family

Built in 1930

-- sqft lot

$924,800 Zestimate^®

$191/sqft

$2,500 Estimated rent

Home value

$924,800

$851,000 - $1.01M

$2,500/mo

Zestimate^® history

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$2,500/mo

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$3,581/mo

Est. payment

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$3,581/mo

Est. payment

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What's special

Walk-in closetNew exterior sidingHardwood floorsNew hvac system

Incredible opportunity to own a three-unit mixed-use property in the heart of the historic Federal Hill neighborhood. First floor is a salon that's been established in business for over twelve years. The second and third floors are bright, charming two-bedroom plus office or walk-in closet and one bathroom apartments. They both feature sun-filled living rooms and original details such as hardwood floors. They each offer eat-in-kitchens and a galley area. The third floor unit also has a newly renovated bathroom. This property also has two brand new boilers and a new hvac system as well as new exterior siding. Excellent rental income and cap rate with all three floors having third party leases. Property is mixed-used and ineligible for FHA-financing. Great, accessible location near downtown Providence and steps from award-winning restaurants, cafes, and recreation.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Heating

Natural Gas, Baseboard, Gas Connected, Zoned

Cooling

Ductless

Appliances

Included: Gas Water Heater
Laundry: In Building

Features

Wall (Cermaic), Wall (Dry Wall), Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown), Ceiling Fan(s)
Flooring: Ceramic Tile, Hardwood
Windows: Storm Window(s)
Basement: Full,Interior Entry,Unfinished
Has fireplace: No

Interior area

Total structure area: 3,636
Total interior livable area: 3,636 sqft

Property

Parking

Parking features: No Garage

Features

Stories: 3

Lot

Size: 2,252 sqft

Details

Parcel number: PROVM28L591
Zoning: C-1
Special conditions: Conventional/Market Value

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Ceramic, Dry Wall, Plaster, Vinyl Siding

Condition

New construction: No
Year built: 1930

Utilities & green energy

Electric: Circuit Breakers, Individual Meter
Sewer: Public Connected
Utilities for property: Sewer Connected, Water Connected

Community & neighborhood

Community

Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis

Location

Region: Providence
Subdivision: Federal Hill

HOA & financial

HOA

Has HOA: No

Other financial information

Total actual rent: 6400

Price history

Date	Event	Price
11/14/2023	Sold	$695,000-7.3%$191/sqft
Source: StateWide MLS RI #1342104 Report a problem
10/6/2023	Pending sale	$750,000$206/sqft
Source: StateWide MLS RI #1342104 Report a problem
9/19/2023	Contingent	$750,000$206/sqft
Source: StateWide MLS RI #1342104 Report a problem
8/18/2023	Listed for sale	$750,000+23%$206/sqft
Source: StateWide MLS RI #1342104 Report a problem
9/27/2021	Sold	$610,000+3.4%$168/sqft
Source: StateWide MLS RI #1285980 Report a problem
7/9/2021	Pending sale	$590,000$162/sqft
Source: StateWide MLS RI #1285980 Report a problem
6/20/2021	Price change	$590,000-1.7%$162/sqft
Source: StateWide MLS RI #1285980 Report a problem
5/14/2021	Listed for sale	$600,000+50%$165/sqft
Source: StateWide MLS RI #1282716 Report a problem
7/12/2019	Sold	$399,900-3.6%$110/sqft
Source: Public Record Report a problem
4/14/2016	Sold	$415,000+102.4%$114/sqft
Source: Public Record Report a problem
2/5/2002	Sold	$205,000$56/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,936	$817,500 +64.7%
2024	--	$496,400
2023	--	$496,400
2022	--	$496,400 +25.9%
2021	--	$394,200
2020	$11,979	$394,200
2019	$11,979	$394,200 -6.4%
2018	--	$421,100
2017	--	$421,100
2016	--	$421,100 +1.1%
2015	--	$416,500 -0.2%
2011	--	$417,300
2010	--	$417,300 +3.8%
2009	--	$402,000
2007	$9,182	$402,000 +39.6%
2006	--	$287,900
2005	--	$287,900