12 University Avenue, Providence, RI 02906

Providence
Local realty services provided by:ERA Key Realty Services
12 University Avenue,Providence, RI 02906
$1,550,000
Virtual Tour
  • 8 Beds
  • 5 Baths
  • 3,435 sq. ft.
  • Multi-family
  • Active
Listed by: scott champagne
Office: compass
MLS#:1405866
Source:RI_STATEWIDE

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$451.24

About this home

This is the East Side two-family people wait years for. Fully gut renovated in 2020, from the foundation up, and currently leased through May 2027 with zero vacancy history and $105,600 in annual gross income. The work is done. The tenants are in. You collect. Unit 2 spans two levels with five bedrooms, three baths, and lives like a private townhouse. Unit 1 offers three bedrooms and two baths with its own independent footprint. Central air, in-unit laundry, off-street parking, outdoor space, and high-end finishes throughout both units. At $8,800/month in combined rent with tenants covering gas and electric, this property generates approximately $80,040 NOI with leases resetting in 2027. For investors, this is a clean, stabilized East Side hold. For 1031 buyers, it checks every box. For the right owner occupant, it's a rare chance to live large while the income works for you.

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Home facts

  • Year built:1900
  • Listing ID #:1405866
  • Added:58 day(s) ago
  • Updated:May 14, 2026 at 02:00 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:14
  • Flooring:Ceramic Tile, Hardwood
  • Bathrooms Description:Tub Shower
  • Basement:Yes
  • Basement Description:Exterior Entry, Full, Interior Entry, Unfinished
  • Living area:3,435 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Year built:1900
  • Building area:3,435 sq. ft.
  • Lot area:0.08 Acres
  • Construction Materials:Drywall, Vinyl Siding
  • Exterior Features:Paved Driveway

Utilities

  • Water:Connected, Public
  • Sewer:Connected, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$451.24
  • Tax amount:$18,131 (2025)

Features and amenities

  • Laundry features:In Unit
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:2
  • Parking description:No Garage, Paved Driveway
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: May 14, 2026

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