12 University Avenue, Providence, RI 02906

Providence
Local realty services provided by:ERA Key Realty Services
12 University Avenue,Providence, RI 02906
$1,500,000
Virtual Tour
  • 8 Beds
  • 5 Baths
  • 3,435 sq. ft.
  • Multi-family
  • Active
Listed by: scott champagne
Office: compass
MLS#:1413277
Source:RI_STATEWIDE

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$436.68

About this home

One of the best-located two-families on the East Side, positioned right between Wayland Square and College Hill. Fully gut renovated in 2020 from the foundation up. Structure, systems, interior, exterior, all rebuilt to a high standard. This is as turnkey as it gets. Eight bedrooms and five baths across two apartments. Unit 1 is a true 3 bed / 2 bath with its own independent footprint. Unit 2 spans two levels with 5 beds / 3 baths and lives like a private townhouse. Leased through May 2027 with zero vacancy history. Tenants pay gas and electric. $8,800/month gross rent. $80,040 NOI. Central air, in-unit laundry, off-street parking, and full-height basement with ADU potential. The value here is flexibility. Hold it as a stabilized long-term rental. Convert to condos and sell individually down the road. Explore an ADU for a third income stream. Let leases reset in 2027 and push rents to market. Or live in the townhouse unit yourself while the first floor offsets ownership costs....

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Home facts

  • Year built:1900
  • Listing ID #:1413277
  • Added:1 day(s) ago
  • Updated:May 22, 2026 at 06:57 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:14
  • Flooring:Ceramic Tile, Hardwood
  • Bathrooms Description:Bathtub, 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:Porch

Utilities

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

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$436.68
  • Tax amount:$18,131 (2025)

Features and amenities

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

Parking

  • Total parking spaces:2
  • Parking description:No Garage
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 22, 2026

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