12 University Avenue Providence, RI $ 1,550,000
12 University Avenue
$ 1,550,000
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12 University Avenue

Providence, RI, 02906
$ 1,550,000
Bedrooms8 Baths5.0 Sq 3,435

Monthly Estimate*

$ 9,544

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Multi-Family Home for sale in Providence, RI

for $1,550,000 with 8 bedrooms and 5 full baths. This 3,435 square foot home was built in 1900 on a lot size of 0.08.

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. Basement holds ADU potential with plans available. 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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Multi-Family Active

Price

$ 1,550,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 18,131

Style

Lot Size

0.08

Year Built

1900

Town/City

Providence

County/Region

Providence

MLS | Web ID

1405866

Features
General
Sewer Connected Public Sewer
Heating Forced Air Gas
Cooling Central Air
Utilities Sewer Connected
Possession Rental Agreement
Zoning R3
Garage Spaces 0
Construction Materials Drywall Vinyl Siding
Year Built 1900
Electric 200+ Amp Service
Tenant Pays Hot Water
Property Subtype Multi Family
Tax Year 2025
Community Features Highway Access Near Hospital Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s) Sidewalks
County Providence
Operating Expense 7429
New Construction false
Property Type Residential Income
Subdivision Name EAST SIDE
Garage Y/N false
Total Rooms 14
Full Baths 5
Status Active
City Providence
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 3485
Land Lease Y/N false
Tax Annual Amount 18131
Virtual Tour https://tour.RiLiving.com/12-University-Avenue-Providence-RI-02906
Standard Status Active
Tax Assessed Value 1295100
Tax Lot 350
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Interior
Interior Amenities Tub Shower
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Ceramic Tile Hardwood
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features In Unit
Total Bedrooms 8
Total Baths 5
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Exterior
Exterior Amenities Paved Driveway
Parking Features No Garage
Water Source Connected Public
Total Parking 2
Inclusions Property sold subject to existing leases in place through May 31 2027. Financials provided by owner and believed accurate but not guaranteed. Buyers and buyer’s agents to perform their own due diligence regarding rents expenses and future development potential including ADU feasibility. Plans for potential ADU available from owner for a fee.
Lot Size Area 3485
Foundation Details See Remarks
Number of Buildings 1
Building Area Total 3435
Lot Size Acres 0.08
Frontage Length 0
Covered Spaces 0
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* Excluded Features
List By
Compass

Broker

scott.champagne@compass.com

Email

Affordability Calculator

$11,055
Per Month
86%
14%
0%
Monthly Principal & Interest
$9,544
Monthly Property Taxes
$1,511
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
3/17/2026$1,550,000 Listed Price

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12 University Avenue, Providence, RI, 02906 is a Multi-Family Home for sale at $1,550,000 with 3,435 sqft and a lot size of 0.08. 12 University Avenue has 8 bedrooms, 5.0 baths, and was built in 1900. The property's zip code is 02906 which is in Providence, RI