diff --git a/src/ape/utils/basemodel.py b/src/ape/utils/basemodel.py
index 31f8b68837..3ca5c7bf8e 100644
--- a/src/ape/utils/basemodel.py
+++ b/src/ape/utils/basemodel.py
@@ -108,10 +108,12 @@ def only_raise_attribute_error(fn: Callable) -> Any:
     def wrapper(*args, **kwargs):
         try:
             return fn(*args, **kwargs)
-        except Exception as e:
+        except AttributeError:
+            raise  # Don't modify or log attr errors.
+        except Exception as err:
             # Wrap the exception in AttributeError
             logger.log_debug_stack_trace()
-            raise ApeAttributeError(f"{e}") from e
+            raise ApeAttributeError(f"{err}") from err
 
     return wrapper
 
diff --git a/tests/functional/utils/test_basemodel.py b/tests/functional/utils/test_basemodel.py
index 79c3d8909c..105c9d76ba 100644
--- a/tests/functional/utils/test_basemodel.py
+++ b/tests/functional/utils/test_basemodel.py
@@ -1,7 +1,8 @@
 import pytest
 
 from ape.exceptions import ProviderNotConnectedError
-from ape.utils.basemodel import ManagerAccessMixin
+from ape.logging import logger
+from ape.utils.basemodel import ManagerAccessMixin, only_raise_attribute_error
 
 
 class CustomClass(ManagerAccessMixin):
@@ -22,3 +23,30 @@ def test_provider_not_active(networks, accessor):
             _ = accessor.provider
     finally:
         networks.active_provider = initial
+
+
+def test_only_raise_attribute_error(mocker, ape_caplog):
+    spy = mocker.spy(logger, "log_debug_stack_trace")
+
+    @only_raise_attribute_error
+    def fn():
+        raise ValueError("foo bar error")
+
+    with pytest.raises(AttributeError, match="foo bar error"):
+        fn()
+
+    assert spy.call_count
+
+
+def test_only_raise_attribute_error_when_already_raises(mocker, ape_caplog):
+    spy = mocker.spy(logger, "log_debug_stack_trace")
+
+    @only_raise_attribute_error
+    def fn():
+        raise AttributeError("foo bar error")
+
+    with pytest.raises(AttributeError, match="foo bar error"):
+        fn()
+
+    # Does not log because is already an attr err
+    assert not spy.call_count